Ministry of Tourism, Culture and Sport, October 28, 2013 – Government Supporting Ontario-made Music to Grow the Economy, Create Jobs: Ontario is launching the Ontario Music Fund to help support and create jobs, and position the province as a leading destination to record and perform.
The new fund will support Ontario-based music companies and boost music production and distribution through four streams:
- Music Company Development – Helps Ontario-based music companies increase recording, production and marketing, which boosts sales of music and supports job creation.
- Music Industry Development – Provides support for initiatives such as digital innovation, music training and new approaches to increase home-grown music exports.
- Music Futures- Helps leverage Ontario’s diverse and emerging music industry by supporting small music companies and artist entrepreneurs, for example those who create music and also handle the business and promotion of their music.
- Live Music- Helps increase the number of live music events in the province and generates more opportunities for new and emerging local artists — boosting tourism and growing local economies.
Helping the province’s music industry and artists grow and succeed is part of the Ontario government’s plan to invest in people, invest in infrastructure and support a dynamic and innovative business climate.
- Applications are now available for the Music Company Development and Music Industry Development streams. Applications for Music Futures and Live Music streams will be available Nov. 7, 2013.
- Announced in the 2013 Budget, the Ontario Music Fund is a $45 million grant program over three years.
- The Ontario Music Fund will be administered by the new Ontario Music Office located within the Ontario Media Development Corporation.
- Ontario’s music production sector accounts for over 80 per cent of total national revenues – in 2011, it generated more than $429 million in revenues (Statistics Canada).
- The Ontario Music Fund supports the province’s Live Music Strategy to position the province as a leading destination for live music and music tourism.