SoundExchange Buys Canadian Musical Reproduction Rights Agency

SoundExchange said it bought music licensing collective Canadian Musical Reproduction Rights Agency. The groups “will integrate and streamline the administration and distribution” of sound recording and music publishing royalties and “continue to work independently and serve their current customers while also exploring collaborative opportunities such as sharing core services,” SoundExchange said in a Monday news release. “The acquisition of CMRRA helps us increase efficiencies while also extending service to the publishing sector,” said SoundExchange CEO Michael Huppe.