Audiam Confirms Groundbreaking Deal With Canada's SOCAN To Get Members Paid More for Music on YouTube
Toronto, November 5, 2013 – Audiam has entered into a groundbreaking agreement with the Canadian performing rights organization SOCAN – the Society of Composers, Authors and Music Publishers of Canada – that will make it easier for SOCAN members to receive additional money that they deserve from the use of their music in any videos posted to YouTube.
The deal is believed to be the first of its kind for a performing rights organization and allows artists to collect money from:
• Fans covering their songs on YouTube
• Fan lyric videos
• Fan-created "album cover" or static image videos
• Fan videos of live performances
• Official music videos
• Fan-created music videos
• Any other type of video on YouTube using their song, either from the original recording or a new version
Launched in July 2013, Audiam identifies and collects money earned by songwriters and music publishers for use of their works in YouTube videos, including songs written and/or recorded by major artists such as Brad Lyons (Oceanship), Bluewater Music Canada, Jason Mraz, Steve Vai, Trent Reznor (Nine Inch Nails), Dixie Chicks, George Strait, Tim McGraw, Jimmy Buffett, The Doobie Brothers, Brandon Boyd (Incubus), Rodney Carrington, Miranda Lambert, Steve Lee, 50 Cent, Ron Pope and many more.
Earlier in 2013, SOCAN has granted YouTube a performing rights license for Canada covering the years from 2007 to the present but now SOCAN members can also sign up with Audiam http://www.audiam.com/socan to earn extra money from ad revenue sharing schemes generated by the use of their music from views of their own videos or those posted by the millions of YouTube users.
"SOCAN members now can obtain an additional revenue stream on YouTube with Audiam," said Eric Baptiste, chief executive officer of SOCAN. "YouTube is the number-one destination site on the planet for music discovery, streaming more than a trillion views annually across billions of videos. Our members should be compensated for the commercial use of their music no matter where it appears. With the SOCAN and Audiam cooperation, we make possible and practical the extraordinarily complicated process of identifying, tracking and collecting money that SOCAN members have rightfully earned, including for the first time revenues above and beyond the one generated by copyright licensing."
The new worldwide deal between SOCAN and Audiam complements its more traditional Canadian licensing agreement with YouTube, generating additional YouTube income for creators and publishers affiliated with SOCAN, securing them an even larger portion of YouTube revenues. This multipronged approach is consistent with SOCAN's view that in today's digital and borderless world, Collective Rights Management Organizations should explore innovative ways to uphold the value of the music created or published by their members on new outlets or services.
The agreement between SOCAN and Audiam enables SOCAN members to:
• Identify YouTube videos using participating SOCAN members' music
• Authorize YouTube to place advertising on the videos, ensuring that every video generates revenue
• Collect money and pay participating SOCAN members for the plays of their music in YouTube videos
• Advocate for and enforce SOCAN members' rights
• Track and obtain back-revenues owed to songwriters, composers and music publishers
• Arrange for a "buy link" to be posted below YouTube videos with their songs
There is no up-front fee to join Audiam. In return for the comprehensive service, Audiam normally charges a 25-percent administration fee of whatever it collects from YouTube for videos using music Audiam represents outside of a member's own YouTube "channel."
Any of the more than 115,000 members of SOCAN who sign up with Audiam will enjoy a reduced administration fee of 15-percent until November 30, 2014. To get started, SOCAN members must go to: http://www.audiam.com/socan.Once they create a free account, they simply provide song and publishing information.
SOCAN will provide technology and distribution support, as well as a detailed and transparent accounting of revenues tracked, collected and paid to the member. The organization back-office integration with Audiam's systems enables seamless accounting for SOCAN members who join Audiam.
SOCAN is a member-based organization that represents the Canadian performing rights of more than three million Canadian and international music creators and publishers. SOCAN is proud to play a leading role in supporting the long-term success of its more than 115,000 Canadian members, as well as the Canadian music industry. SOCAN licenses more than 125,000 businesses from coast-to-coast and distributes royalties to its members and music rights organizations around the world. SOCAN also distributes royalties to its members for the use of their music internationally in collaboration with its peer societies.
Audiam (www.audiam.com) makes money for artists every time their music is used on YouTube and across the entire Internet. Audiam finds videos on YouTube that use its customers' songs, authorizes YouTube to put ads on those videos, and administers the artist's share of the money back to them. Artists get 100% of the money generated from their own YouTube videos while also earning money from other people's videos using their music. There is no up-front cost to use the service. Audiam is used by artists, music publishers and labels – anyone who controls the master, the composition, or both. In partnership with DistroKid (www.distrokid.com), Audiam also offers a music distribution service to leading download and streaming services, where artists keep their rights and get 100% of the money from the sale or use of their music.