We are pleased to announce a 4% reduction of our fee for the administration of licenses and royalties associated with downloads and on-demand streaming. This reduction is effective now, and applies to activities in the third quarter of 2016 and beyond.
SODRAC compiles all online sales and listening metadata for the works belonging to its members for online music services since its launch in 2003 through its joint venture CMRRA-SODRAC Inc. (CSI ). In order to stay in tune with the rapid evolution of the music industry, we have invested considerable efforts to ensure continuous improvement of our processing, data matching, identification, compilation, collection and allocation, along with the optimization of our administrative systems. This enables us to transfer the benefits of this cost reduction to our members.
SODRAC has all the expertise and knowledge with respect to the rights of reproduction of your musical works in the digital ecosystem in Canada and continues to collect your rights in the most efficient way possible in both the local and international markets.
We are constantly improving our service offerings, and the gains we make as a collective management company are your gains.