The Ontario Music Fund was announced on May 1st as a proposed $45 million grant program, $15 million over three years, to support the music industry.
The Ontario Music Fund would start in 2013-2014 and help create jobs, build on opportunities for industry growth, and better align with current industry trends and priorities. It will also advance the government’s Live Music Strategy to position Ontario as a leading place to record and perform.
Funding will be available to Ontario-based music companies only. The grant program would provide funding in four key streams, tailored to the needs of eligible client categories:
1. Sound Recording and Production: Encourage record labels and music companies to have artists record music here in Ontario and work with our world-class producers and sound engineers.
2. Marketing and Promotion of artists and sound recordings: Help record labels and music companies with the marketing and promotion of Canadian artists and sound recordings both domestically and abroad.
3. Live performances: Increase support for record labels and music companies to tour and showcase artists within Ontario, Canada and internationally, as well as to raise Ontario’s profile as a leading destination for live music.
4. Industry and business development initiatives: Provide support to industry trade organizations and consortiums of music companies seeking to carry out strategic business initiatives such as rights tracking and digital innovation.
The Ontario Music Fund is anticipated to launch in fall 2013. Contact us at Onager Solutions for more information!
Stay tuned for more information to come soon!
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