2017 Financials

Re:Sound collected $53.4M in revenue in 2017, the highest ever since our incorporation in 1997. It represents an increase of $7.5M (+16%) from the previous year, and $24.7M (+86%) from 2008. This incredible achievement was supported by growth in public performance and international income. We have also improved our expense-to-revenue ratio from 14.4% in 2016 to 13.9% in 2017, resulting in more money in the hands of our rights holders.

1999

Celine Dion wins four Grammy Awards for “My Heart Will Go On”

NRCC's first tariff is certified:  T1A (Commercial Radio)

2000

Napster founded

T1C (CBC) certified

2001

1st iPod launches in October

Flow 93.5 becomes Canada’s first urban music station

2002

Napster shuts down

T2 (Pay Audio) certified

2003

Apple opens the iTunes music store, selling 1M songs in the first week

2004

Shania Twain’s “Up!” certified 2x

Diamond in Canada

2005

Pandora Radio launches

YouTube created by three former PayPal employees

2006

Polaris Music Prize established

T3 (Background Music) certified

2007

1st iPhone launched, combining mobile, wireless and music capabilities

2008

Caribou’s Andorra wins the Polaris Prize

2009

T4 (Satellite Radio) certified

K’Naan’s song “Waving Flag” named as theme song of the 2010 FIFA World Cup

2010

NRCC becomes Re:Sound

Radio music streaming service launches in Canada

2011

365-day reporting required for commercial radio stations that can provide it 

T6A (Dance) certified

2012

Carly Rae Jepsen’s “Call Me Maybe” is certified 8x Platinum

T5.A-G (Live Events) certified

T6.B (Fitness) certified

Re:Sound signs bilateral agreement with SoundExchange

2013

Re:Sound’s 1st benefit concert runs in Toronto benefiting Canadian Music Therapy Trust

2014

Google Play and Spotify launch in Canada

WPPT ratified in Canada

T8 (Webcasting) certified

2015

Mr. Peter Steinmetz joins Re:Sound as Independent Chair

Music Has Value research and report launches

2016

Music Canada launches the new Single Award, which combines on-demand streams with digital download and physical single sales

Sony Music Canada joins Re:Sound as a member

2017

Re:Sound celebrates 20th anniversary

Re:Wind raises $32,000 for Unison Benevolent Fund

Warner and Universal Music Canada join Re:Sound as members

T6.C (Adult Entertainment) 

T5.H-K (Live Events) certified

2017 Revenue By Tariff 

Revenue by Source 1997–2017

Financial Highlights

20162017
INDEX
Neighbouring Rights Domestic
37.638.5
Neighbouring Rights International
3.66.8
OTHER INCOME
0.30.3
Total Neighbouring Rights Income
41.545.8
Private Copying
4.7 ††7.5 ‡
TOTAL INCOME
46.253.4
Expenses
(6.6)(7.3)
Monies Available for Distribution
39.646.0

†† Private copying revenue in 2016 included approximately $3.7 million related to closeouts of prior years under Copyright Board regulations.

‡ Private copying revenue in 2017 included approximately $7.1 million related to closeouts of prior years under Copyright Board regulations.

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