June 17, 2015 – Ministry of Tourism, Culture and Sport – Province Providing $15 Million Annually to Help Music Industry Grow: Ontario is supporting a strong, competitive, sustainable music industry in the province by making the Ontario Music Fund permanent.
The fund, created in 2013 as a three-year program, provides $15 million per year to support the thriving music sector in Ontario, enhance live music and create opportunities for local emerging artists.
Support from the fund’s first year has already helped to create or retain 2,000 jobs and generate $24 million in additional revenue for music-related businesses.
Positioning the province as a global destination to record and perform music is part of the government’s plan to build Ontario up. The four-part plan includes investing in people’s talents and skills, making the largest investment in public infrastructure in Ontario’s history, creating a dynamic, innovative environment where business thrives, and building a secure retirement savings plan.
- The music recording industry generates more than $429 million in revenue every year in Ontario.
- Ontario has the largest music production sector in the country, generating more than 80 per cent of Canada’s total music industry revenue.
- Supercrawl is one of Ontario’s fastest growing art and music festivals – the festival has an economic impact of $14 million, and has grown its audience from 3,000 attendees in 2009 to over 160,000 in 2014.