SoundExchange has acquired the Canadian Musical Reproduction Rights Agency, a music licensing collective representing the majority of songs recorded, sold, and broadcast in Canada on behalf of music publishers. The financial details of the deal were not disclosed. CMRRA, founded in 1975, will continue to operate out of its Toronto headquarters.
“We are proud to join forces with CMRRA. We have a simple, yet ambitious goal: to maximize the value of music for all creators – for musical works and recordings alike – wherever their work is used. The acquisition of CMRRA helps us increase efficiencies while also extending service to the publishing sector,” SoundExchange President and Chief Executive Officer Michael Huppe said. “This exciting partnership builds on CMRRA’s great relationships with music publishers and licensees, its long record of accomplishment, and its stellar reputation.”
