The Candian independent music sector needs to be aware that the gravy-train days of funding from Canada's commercial radio sector are over and this fact will impact FACTOR and many local initiatives.
In the 2015-2016 broadcast year, commercial radio operators contributed 3 cents per revenue dollar, for a total of $47M, to support Canadian Content Development (CCD).
On average, the CDC fund has decreased 3.9% annually over the past five years.
Approximately 50.7% of the funds were a direct result of the conditions of licence issued to new radio stations and tangible benefits paid following a change in ownership or control of radio stations; the other half collected through licence renewals.
In 2015-2016, Canada's private radio broadcasters contributed $10.2M to FACTOR. An additional $8.5M was contributed from the Government of Canada through the Department of Heritage's Canada Music Fund.
In the 2016-2017 period, broadcasters contributed $9.5M and the government $10M through the Canada Music Fund.