Billboard reports “In a move that further enhances its capabilities to maximize digital revenues for its members while seemingly taking another step into the United States, SOCAN has acquired Audiam, the rights management firm founded in 2013 by Jeff Price and David Willen, both formerly with TuneCore. Terms of the deal — announced Thursday (July 21) — were not disclosed.
This marks the second acquisition of a rights management company for SOCAN, the Canadian performing rights organization. In May, SOCAN acquired MediaNet, which had a database with more than 51 million sound recordings as well as serving as the backroom to a bunch of online stores and digital services. In addition to moving into the U.S., the two deals also help expand SOCAN into mechanical licensing for digital.” Read More