CMRRA Reports Impressive Royalty Distribution for 2024 as It Prepares for Its Golden Jubilee in 2025
On March 18, 2025, the Canadian Musical Reproduction Rights Agency (CMRRA) made headlines with the announcement of their 2024 end-of-year results. For more than five decades, CMRRA has been a pioneer in music licensing and royalty distribution, and their latest figures emphasize their dedication to supporting music publishers and songwriters.
In 2024, CMRRA successfully distributed an impressive total of over $96 million in mechanical royalties to their clients, which include music publishers and self-published songwriters. This figure represents a notable 23% increase compared to the previous year. The growth can be attributed to several factors, with streaming services leading the charge, experiencing a remarkable 38% uptick. Physical formats also showed resilience with a 12% increase, while revenues from international markets surged by 50%. Of particular interest, royalties generated from the social media platform TikTok saw an astonishing 126% growth, indicating the platform's growing influence on music consumption. In an unexpected twist, digital downloads also made a comeback, enjoying a 62% increase.
Paul Shaver, President of CMRRA, expressed pride in these achievements, stating, "We are thrilled to have distributed over $96 million in mechanical royalties in 2024. This remarkable performance underscores our ongoing commitment to uplifting music publishers and songwriters who drive our mission forward."
The agency not only focused on increased revenue streams but also on renewing important licensing agreements with key online music platforms, including Apple Music, SoundCloud, Spotify, Tidal, TikTok, and YouTube, ensuring that they are well-positioned to protect the works of their clients. In addition, CMRRA welcomed 360 new clients and added 172 more clients for international collections through SX Works.
One of the standout innovations CMRRA introduced this past year is the electronic Song Registration Form, which has proven beneficial to over 200 clients. This new format, alongside the traditional Common Works Registration (CWR) format, facilitated the processing of more than 44,000 musical work registrations.
Moreover, CMRRA strengthened partnerships across the industry, collaborating with organizations such as JUNOS, CCMA, and Women in Music Canada, alongside new alliances with Billboard Canada and the Songwriters Association of Canada. Their partnership with Fender Play aimed at streamlining global licensing and administration further showcases their commitment to ensuring accurate compensation for music publishers and songwriters.
As CMRRA gears up to celebrate its 50th anniversary in 2025, the agency looks forward to reflecting on its extensive history and its contributions to the music rights landscape. The upcoming year will not only mark this milestone but also include the launch of a special edition anniversary logo and a themed monthly newsletter titled 'The Pulse'. This publication will explore key achievements from CMRRA's past while envisioning the future. Each month will feature stories from influential individuals who played a significant role in the agency’s journey, providing insights into the evolution of CMRRA and the music industry.
The anniversary theme embodies CMRRA’s ongoing commitment to explore new opportunities, especially in the realm of legal AI licensing and expanding post-sync audiovisual activity licensing. The strength of these efforts highlights CMRRA's dedication to an equitable and thriving environment for music creation.
In summary, the results from 2024 not only reflect CMRRA's robust growth and resilience amidst changing music consumption patterns but also mark a pivotal time as they approach half a century of innovation and influence in the music rights sector. CMRRA remains steadfast in its mission to adapt and respond to the evolving landscape of the music industry, ensuring fair compensation and effective rights management for its clients, paving the way for future success in the decades to come.
In 2024, CMRRA successfully distributed an impressive total of over $96 million in mechanical royalties to their clients, which include music publishers and self-published songwriters. This figure represents a notable 23% increase compared to the previous year. The growth can be attributed to several factors, with streaming services leading the charge, experiencing a remarkable 38% uptick. Physical formats also showed resilience with a 12% increase, while revenues from international markets surged by 50%. Of particular interest, royalties generated from the social media platform TikTok saw an astonishing 126% growth, indicating the platform's growing influence on music consumption. In an unexpected twist, digital downloads also made a comeback, enjoying a 62% increase.
Paul Shaver, President of CMRRA, expressed pride in these achievements, stating, "We are thrilled to have distributed over $96 million in mechanical royalties in 2024. This remarkable performance underscores our ongoing commitment to uplifting music publishers and songwriters who drive our mission forward."
The agency not only focused on increased revenue streams but also on renewing important licensing agreements with key online music platforms, including Apple Music, SoundCloud, Spotify, Tidal, TikTok, and YouTube, ensuring that they are well-positioned to protect the works of their clients. In addition, CMRRA welcomed 360 new clients and added 172 more clients for international collections through SX Works.
One of the standout innovations CMRRA introduced this past year is the electronic Song Registration Form, which has proven beneficial to over 200 clients. This new format, alongside the traditional Common Works Registration (CWR) format, facilitated the processing of more than 44,000 musical work registrations.
Moreover, CMRRA strengthened partnerships across the industry, collaborating with organizations such as JUNOS, CCMA, and Women in Music Canada, alongside new alliances with Billboard Canada and the Songwriters Association of Canada. Their partnership with Fender Play aimed at streamlining global licensing and administration further showcases their commitment to ensuring accurate compensation for music publishers and songwriters.
As CMRRA gears up to celebrate its 50th anniversary in 2025, the agency looks forward to reflecting on its extensive history and its contributions to the music rights landscape. The upcoming year will not only mark this milestone but also include the launch of a special edition anniversary logo and a themed monthly newsletter titled 'The Pulse'. This publication will explore key achievements from CMRRA's past while envisioning the future. Each month will feature stories from influential individuals who played a significant role in the agency’s journey, providing insights into the evolution of CMRRA and the music industry.
The anniversary theme embodies CMRRA’s ongoing commitment to explore new opportunities, especially in the realm of legal AI licensing and expanding post-sync audiovisual activity licensing. The strength of these efforts highlights CMRRA's dedication to an equitable and thriving environment for music creation.
In summary, the results from 2024 not only reflect CMRRA's robust growth and resilience amidst changing music consumption patterns but also mark a pivotal time as they approach half a century of innovation and influence in the music rights sector. CMRRA remains steadfast in its mission to adapt and respond to the evolving landscape of the music industry, ensuring fair compensation and effective rights management for its clients, paving the way for future success in the decades to come.
Topics Entertainment & Media）
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