The Canadian Musical Reproduction Rights Agency (CMRRA), innovators in licensing and royalty administration for over 49 years, announced today their 2023 year-end fiscal results, including the distribution of more than $78 million dollars.
“We’re thrilled to have processed and distributed over $78 million dollars of mechanical royalties to our music publiPaul Shaver, President of CMRRA.
“We are witnessing a significant uptick in music consumption, a trend that highlights the vibrancy and vitality of the industry, and which also emphasizes the growing demand for music across global audiences.”
Overall, distributions improved by 8.9% from 2022. This was primarily driven by an increase of more than 29% in audiovisual post-synchronization, incorporating higher organic consumption along with the introduction of revenue from additional services.
International collections also demonstrated strong progress, recording a 20% increase. Additionally, physical distribution channels experienced an 8% uplift driven by the ongoing vigour of vinyl, while online streaming services saw a continued growth of 3% from the previous year.
“We continue to implement strategic enhancements across our services to better meet the evolving needs of our clients” says Shaver. “Music Publi
- Entered into a strategic partnership with COSCAP (Copyright Society of Composers, Authors and Publi
- Affiliated 247 new clients
- Increased industry partnerships, welcoming 25 new and returning partners such as JUNOS, CCMAs, and adding the Indigenous Music Summit, Folk Music Ontario, Battle of the Beatmakers, among others
As we look ahead, we are excited to continue building on our achievements and further innovating within our industry. We remain committed to enhancing our offerings and delivering exceptional value to our clients and partners and we look forward to another year of growth, collaboration, and success.
