The Canadian Independent Music Association (CIMA), Arts & Crafts Productions and Last Gang Records will receive more than $1.3 million in support from the Canada Music Fund (CMF).
The Honourable Shelly Glover, Minister of Canadian Heritage and Official Languages, made the announcement today before a roundtable discussion with representatives from the Canadian music industry.
This funding will help foster a strong Canadian music industry, ensuring the production and promotion of diverse Canadian music by new, emerging and established Canadian artists.
Funding for the organizations ($550,000 for Arts & Crafts Productions, $445,000 for CIMA and $374,790 for Last Gang Records) is being provided through the Music Entrepreneur component of the Canada Music Fund for the 2014–2015 fiscal year.
The Canadian music industry generates nearly $3 billion every year in economic activity from sound recordings, concerts, commercial radio and performing rights.
The Canada Music Fund aims to give Canadians and the rest of the world better access to diverse Canadian music and provide Canada’s music industry with the tools to excel at home and abroad. In an average year, the CMF helps support more than 400 album production projects and 1,100 marketing, touring and showcasing initiatives. In 2014–2015, the CMF’s budget is $24.6 million.
In Budget 2014, the Government made the Canada Music Fund permanent.