News - 21/07/2016

Canadian collection society SOCAN has acquired Audiam

Canadian collection society SOCAN has acquired Audiam

Canadian collection society SOCAN has acquired Jeff Price’s Audiam, expanding into the collection of mechanical rights in the US and Canada - as well as associated licensing and royalty distribution.

Audiam (founded in 2013 by TuneCore founder and former CEO Jeff Price and former TuneCore CTO David Willen) is able to locate metadata for every sound recording of a specific composition, recovering due mechanical rights revenue for songwriters, composers and music publishers. It currently represents thousands of publishing/songwriting catalogues for the likes of Bob Dylan, Red Hot Chili Peppers, Metallica, Jack White, Jason Mraz, Steve Miller, Imagem, Victory, Epitaph, Sumerian and Round Hill Music

SOCAN explained that Audiam is the means to “provide a unique global music industry solution with respect to licensing digital services and royalty payment for songwriters, composers and music publishers”, and offer “a comprehensive database and metadata of all musical works and commercially released digital sound recordings, and the technology and business understanding to match and connect the two, issue licenses and get rights-holders paid all they have fairly earned”. Moreover, SOCAN says the acquisition will enable “music creators and music publishers to be paid accurately, while removing liability, infringement and data issues for streaming music services and YouTube”.

SOCAN plans to integrate Audiam’s other strong business lines such as North American licensing and administration of mechanical income from digital services - including Spotify, Google Play and Apple - as well as leverage Audiam’s proven track record to identify and recover pre-existing mechanical royalties that typically have remained unpaid. Audiam’s services will be available immediately to all SOCAN members. Existing Audiam clients will see their services enhanced by the leveraging of SOCAN’s own technologies.

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