SOCAN acquires angel-backed digital rights agency Audiam
Canadian music performing rights nonprofit SOCAN has bought Audiam, a New York-based streaming mechanical royalty collection agency. No financial terms were disclosed. Toronto-based SOCAN said the acquisition strengthens its ability to license digital services and royalty payments for songwriters, composers and music publishers in Canada and the United States. Founded in 2013, Audiam raised financing primarily from angel investors. Earlier this year, SOCAN acquired MediaNet, a U.S. business-to-business music technology provider.
21 July 2016•5 mins read
