Last year, on average, Canadian songwriters and composers earned a paltry $67 in royalties from digital platforms. That info comes from SOCAN, the body representing the nation’s musicians creating original material.
Yet the not-for-profit body says that as a whole, Canadian artists raked in a record-breaking amount of money last year.
The not-for-profit body collects royalties from TV and radio stations as well as online platforms such as Spotify and YouTube. In an upcoming financial report, collections for licensed music are expected to make history by surpassing $416 million a year. However, those final figures will be confirmed in June in an annual report.
Due to the pandemic, music streaming has seen a boost in listeners opting to stream at home rather than while they’re out. Despite the increase in listeners, last year the average earning of Canadian songwriters on digital platforms is $67.14 represented by SOCAN.
