Members of performing rights organization SOCAN have until the end of May to claim their portion of the royalties, held by YouTube in an escrow account.
The Society of Composers, Authors and Music Publishers of Canada (SOCAN) has alerted its members that they have a three-month window to make a claim to receive their portion of the millions of dollars of unpaid YouTube royalties generated in the U.S. from the use of their music in music videos.
A typical payout figure cannot be estimated, Jennifer Brown, SOCAN's vp of licensing, tells Billboard. "That would be impossible to pinpoint, since every situation is different. But whether it's $5 or $5 million, we encourage rights-holders to investigate so that they can be sure to receive what they have earned."
Members of the performing rights organization can do the form-filling themselves (if they hold exclusive control of their administrative sync rights) or go through the interactive streaming mechanical royalty agency Audiam, which SOCAN acquired in 2016. The YouTube Liquidation Agreement must be completed by the end of February if it not going through Audiam, which has a window of March 1 through May 31, 2017 to process the claim.