advertisement
FYI

FACTOR Support For Music Industry Totalled $25.2M In Past Year

FACTOR, otherwise known as the Foundation to Assist Canadian Talent On Recordings, took in revenue of $30,880,783 and paid out $25,238,117, according to figures cited in the not-for-profit’s 2019-2

FACTOR Support For Music Industry Totalled $25.2M In Past Year

By FYI Staff

FACTOR, otherwise known as the Foundation to Assist Canadian Talent On Recordings, took in revenue of $30,880,783 and paid out $25,238,117, according to figures cited in the not-for-profit’s 2019-2020 annual report that was released online earlier this week.


Funding from Canadian Heritage totaled $14,546,708 with a further $16,334,075 contributed by Canada’s private radio broadcasters.

Of the money paid out, $514,997 went to regional affiliates and $25,238,117 was paid out in grants.

In total, 2,000 applications requesting close to $44 million were logged over 10 programs offered by FACTOR, the report states.

Support for Canadian-owned music companies came in at just over $6.2M, tour support approvals came in at just under $3M, $950K was spent on 475 of 1,2241 Artist Development submissions, and $755,280.78 went to 53 of 73 requests for video assistance.

advertisement

Further specifics along with messages from Chair Meghan Symsyk and President Duncan McKie can be found online on the FACTOR portal.

advertisement
Jade Eagleson
Facebook

Jade Eagleson

Awards

Jade Eagleson, The Reklaws Lead CMAOntario Nominations in 2024

The Country Music Association of Ontario has announced the nominations for its 12th annual CMAOntario Awards, with Jade Eagleson racking up five nominations. The awards will be presented on June 2 at the Living Arts Centre in Mississauga.

Jade Eagleson is poised to win big at the CMAOntario Awards, presented by the Country Music Association of Ontario.

The "Rodeo Queen" singer picked up five awards nominations today, including Single of the Year, Album/EP of the Year, and Male Artist of the Year — the most nominations of any artist. Eagleson is followed by sibling duo The Reklaws, rising artists Josh Ross and Karli June, and mainstay Meghan Patrick, who all have four nominations each.

keep readingShow less
advertisement