Canada's SOCAN Announces 14% Year-Over-Year Concert Revenue Growth

The live music industry continues to grow in Canada on an annual basis, according to data collected and analyzed by the Society of Composers, Authors and Music Publishers of Canada (SOCAN).

"We analyzed revenues generated from live music performances, and we're pleased to report that our members are continuing to gain more than ever from concerts," said SOCAN’s Jennifer Brown, vice president, licensing, in a statement containing the findings. "We’ve seen year-over-year growth in 2012 of 14 percent in concert revenue, helped by major artists playing the Canadian circuit." 

SOCAN has more than 110,000 Canadian members and represents the Canadian performing rights of more than 3 million international music creators and publishers.

In 2012, SOCAN distributions from concerts and live entertainment totaled $20.9-million. In 2012 the top 3 locations for live music in Canada were Montreal, Toronto and Vancouver, with Montreal showing the biggest growth with an increase of 38 percent over 2011. Moncton, New Brunswick, registered the biggest growth in live concerts per capita, followed by Niagara Falls, Ontario, “suggesting that live performance venues are in demand across Canada,” says the release.

Between 2010 and 2012, SOCAN distributed $57.3-million from concerts to its members and international music creators and publishers for the use of their music through partnerships with peer societies.                 

According to SOCAN, Canadians also turn to live performances and concerts during tough economic times, citing a two-percent growth from 2007 and 2009.