About SOCAN
SOCAN is a company based in Toronto (Canada) founded in 1992. It operates as a B2B, and Non-Profit Services. SOCAN has completed 1 acquisition, including MN Digital. SOCAN offers products and services including Music Licensing, Repertoire Search, and Royalty Distribution. SOCAN operates in a competitive market with competitors including Believe, Vydia, ReverbNation, Create Music Group and Haawk, among others.
- Headquarter Toronto, Canada
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Sectors
Media & Entertainment
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Website
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Annual Revenue
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- Investments & Acquisitions
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Products & Services of SOCAN
SOCAN offers a comprehensive portfolio of products and services, including Music Licensing, Repertoire Search, and Royalty Distribution. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides licenses for music use in businesses and events
Offers search tools for music works and client information
Manages collection and payment of royalties to creators
Funding Insights of SOCAN
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by SOCAN
SOCAN has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include MN Digital. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Multi-specialty hospital services are offered in Seattle.
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SOCAN
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Socan Comparisons
Competitors of SOCAN
SOCAN operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Believe, Vydia, ReverbNation, Create Music Group and Haawk, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Diversified software is developed for music artists and labels.
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| domain | founded_year | HQ Location |
Videos and audios are published by artists on streaming platforms.
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| domain | founded_year | HQ Location |
Online tools connect musicians with fans and industry professionals.
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Diversified solutions for artists and labels are provided.
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| domain | founded_year | HQ Location |
Online platform for rights management, music distribution, and micro-sync licensing
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| domain | founded_year | HQ Location |
AI-enabled hardware and software for music recording are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Socan
Frequently Asked Questions about SOCAN
When was SOCAN founded?
SOCAN was founded in 1992.
Where is SOCAN located?
SOCAN is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
What does SOCAN do?
SOCAN is a non-profit organization that collects and distributes royalties for music creators and publishers. It issues licenses for music use in businesses and events, advocates for fair rights, and operates offices in Toronto, Montreal, Vancouver, and Los Angeles. Serving members worldwide, it ensures ethical music usage and provides resources like repertoire searches and educational tools.
Who are the top competitors of SOCAN?
SOCAN's top competitors include Believe, Create Music Group and Vydia.
What products or services does SOCAN offer?
SOCAN offers Music Licensing, Repertoire Search, and Royalty Distribution.
How many acquisitions has SOCAN made?
SOCAN has made 1 acquisition, including MN Digital.
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