/ News /CONNECT and SOPROQ Announce Strategic Partnership to Enhance Rights Management and Revenue Collection for Canadian Music Creators
CONNECT and SOPROQ Announce Strategic Partnership to Enhance Rights Management and Revenue Collection for Canadian Music Creators
FOR IMMEDIATE RELEASE
CONNECT and SOPROQ Announce Strategic Partnership to Enhance Rights Management and Revenue Collection for Canadian Music Creators
Toronto, ON, September 26, 2024 – CONNECT Music Licensing and SOPROQ, in conjunction with the Canadian Independent Music Association (CIMA), are pleased to announce a strategic partnership designed to improve rights management and revenue collection for owners of sound recordings and music videos. This partnership brings together two of Canada’s leading music licensing and collective management organizations to streamline operations, reduce costs, and maximize the potential for rights holders. Under the partnership, CONNECT will continue to represent Canada’s major record labels, and will negotiate licensing on behalf of the entire Canadian record label industry, while SOPROQ will represent independent rights owners, overseeing the collective management of rights and providing comprehensive support for its members. CONNECT and SOPROQ’s licenses will be offered jointly on behalf of all of their members.
This partnership will yield several key benefits for CONNECT and SOPROQ’s members:
- Cost Reduction: Streamlining operations to reduce overall costs and fees.
- Enhanced Efficiency: Increasing efficiencies in repertoire matching, comprehensive data management and conflict resolution to accelerate accurate and timely payments.
- Increased Revenue Opportunities: Members will see improved revenue through expanded licensing coverage, leading to better monetization of their repertoire.