The Canadian Musical Reproduction Rights Agency Ltd. (CMRRA) is pleased to announce that it has distributed 2017 satellite radio royalties to its music publisher clients – nine months earlier than ever before.
“The old way simply wasn’t ideal,” CMRRA President Caroline Rioux said. “We were bogged down by a cumbersome process that involved acquiring log data from a third party which delayed the process more than we liked.”
CMRRA has leveraged its relationship with SoundExchange to process satellite radio logs more efficiently. SoundExchange now compiles the logs that show sound recording use and adds in missing information such as ISRC data. This new process allows us to now pass this important sound recording information onto our clients in our statements.
The new approach is a direct result of CMRRA and SoundExchange joining forces. SoundExchange purchased CMRRA in May 2017.
While SoundExchange has helped dramatically accelerate this distribution of royalties to the appropriate music publisher client, it has also helped CMRRA cut costs.
“This is just the start,” Rioux said. “Our ability to speed up royalty distribution is an example of the efficiency that we are seeing out of the SoundExchange and CMRRA partnership. This is an exciting step in our history, and it’s just the first example of many positive changes to come that will benefit our music publisher clients.”