That Eric Alper·2 min read·medium
SOCAN & SoundExchange Announce Agreement for SOCAN to Acquire CMRRA
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Eric Alper
✦AI Summary
SOCAN has entered into an agreement to acquire the Canadian Musical Reproduction Rights Agency (CMRRA) from SoundExchange. This move aims to consolidate performance and reproduction rights management under a single Canadian organization.
SOCAN and SoundExchange announced today that they’ve entered into a purchase agreement under which SOCAN will acquire the Canadian Musical Reproduction Rights Agency, known as CMRRA, from SoundExchange. The deal is still subject to regulatory approval and other standard closing conditions before it’s finalized.
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