Trending on Billboard SOCAN is reporting another record high for revenue distribution. In its  annual financial report , the Canadian rights organization that collects and distributes publishing royalties for musicians and rights-holders shares that its collected revenue grew to $587 million last year, with $511.9 million being distributed to writers and publishers — a 5% increase from 2024. Related Of the nearly $600 million in revenues, $445.5 million came from music use in Canada. It’s a weighty increase from  last year’s numbers , which were approximately $23.9 million lower. This year’s stats are led by digital revenue sources totalling $232.8 million, an 11.5% year-over-year increase. Meanwhile, general licensing and concerts revenue rose by 16.1%, and revenue from international territories increased by $3.9 million to $141.7 million, reflecting a rise in global demand for Canadian music, up 1.4% from last year.…