How often are royalty payments made?
SOCAN makes royalty payments of $0.25 or more to its members on a quarterly basis, beginning February 15 of each calendar year. Members earning less than $500 per distribution quarter will only be paid through direct deposit into their accounts. Members who earn more than $500 in a quarter have the option of receiving their earnings by direct deposit or cheque.
Having expanded the lyrical range of rap into sensitive emotional territory, and then sonically into Caribbean and global flavours, SOCAN member, multiple Grammy winner and unofficial Toronto ambassador Drake has become one of the most commercially successful contemporary male pop stars in the world. With his album More Life, Drake earned a record 89.9 million streams on Apple Music and 61.3 million plays on Spotify in its first 24 hours. More Life was Drake's seventh consecutive No. 1 album on the Billboard 200, and earned 505,000 equivalent album sales in its first week. It allowed him to chart 24 songs simultaneously on the Billboard Hot 100.