Canada’s CMRRA Distributes $78 Million in Mechanical Royalties in 2023, Up 9%

Canada CMRRA mechanical royalties
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Canada CMRRA mechanical royalties
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Photo Credit: Berkay Gumustekin

The Canadian Musical Reproduction Rights Agency (CMRRA) distributed over $78 million in mechanical royalties in 2023, up almost 9% from 2022.

Toronto-based licensing and royalty administration organization for nearly 50 years, the Canadian Musical Reproduction Rights Agency (CMRRA), has announced their 2023 year-end fiscal results, which include the distribution of more than $78 million in mechanical royalties. That’s an 8.9% improvement from the year previous.

“We’re thrilled to have processed and distributed over $78 million dollars of mechanical royalties to our music publisher and self-published songwriter clients last year,” said Paul 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.”

The nearly 9% improvement was primarily driven by a 29%-plus increase in audiovisual post-synchronization, constituting higher organic consumption alongside revenue from additional services. International collections saw a 20% increase, while physical distribution channels experienced an 8% uptick, driven by the continued interest in vinyl. Online streaming saw 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,” Shaver adds. “Music publishers and self-published songwriters are at the heart of everything we do; their success fuels our innovation and drives us to continuously improve. We are committed to providing unparalleled support and opportunities for them to thrive in this ever-changing landscape.”

Among CMRRA’s 2023 highlights include its entering into a strategic partnership with the Copyright Society of Composers, Authors, and Publishers (COSCAP) to oversee the mechanical reproduction rights of its members; renewing a multi-year deal with SiriusXM and several other DSPs; continuing focus on building out its new publisher platform with SoundExchange; affiliating 247 new clients; and 25 new and returning industry partnerships.

“As we look ahead, we are excited to continue building on our achievements and further innovating within our industry,” reads a statement from the CMRRA. “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.”