SOCAN has announced its 2020 international forecast for revenues gained from foreign sources, to enable our members to plan for their future finances. We forecast that 2020 international revenue will likely go down by approximately 10 percent when measured against 2019 international revenue, which was a record year. This estimate considers information and data shared with us by foreign music rights organizations, as well as our research and trend analyses. For the full forecast, go to https://covid19.socan.com/ and click on “SOCAN 2020 International Revenue Forecast”.
We also recently shared with our members the expected 10-20 percent overall financial impact that the COVID-19 crisis could have on SOCAN’s domestic revenue. For that domestic forecast, go to https://covid19.socan.com/ and click on “SOCAN Royalty Payments Outlook.”