CONNECT Music Licensing achieves efficiency in royalty distribution
CONNECT Music Licensing has announced their decision to have their nearly 2,700 members receive public performance and private copying royalties directly from Re:Sound. The move marks a new level of efficiency in royalty distribution, making the distribution process simpler and more effective. Going forward, CONNECT’s members will receive public performance and private copying royalties directly from Re:Sound, eliminating duplication in the royalty distribution process and making it simpler and more cost effective. Per the release, the change will cut overall distribution costs by about one-third.
“CONNECT continuously strives to work as efficiently as possible. To this end, we saw a way to save time and money for our nearly 2,700 rights holders by having Re:Sound, a trusted partner of CONNECT, pay public performance and private copying royalties directly to our members. This will allow CONNECT to focus on reproduction royalties and will mean greater royalty payments to record labels and artists, faster,” said Graham Henderson, President of CONNECT Music Licensing.
“At Re:Sound, we are committed to maximizing public performance royalties for artists and record labels and ensuring that royalties are distributed as efficiently, and at as low cost, as possible. CONNECT’s move to bring their member labels to Re:Sound directly means more of every dollar will get into the hands of the labels themselves,” said Ian MacKay, President of Re:Sound.
The move was also applauded in CONNECT’s release by Mathieu Drouin, CONNECT Board Member and President of Crystal Math Music Group, Stuart Johnston, President of the Canadian Independent Music Association (CIMA), Shauna de Cartier, President of Six Shooter Records and Chair of CIMA, and Frances Moore, CEO, the International Federation of the Phonographic Industry (IFPI).