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FYI

CIMA's Andrew Cash Gongs Increased U.S. Visa Costs

American acts can cross our border freely to work but proposed new U.S. visa costs make reciprocity nearly impossible for our developing acts.

CIMA's Andrew Cash Gongs Increased U.S. Visa Costs

By David Farrell

Andrew Cash, president and CEO of the Canadian Independent Music Association, a former MP and co-founder of the band L'Étranger, hits the nail on the head in a Globe and Mail editorial that exposes the harsh financial toll U.S immigration is proposing in raising work visas by as much as 250 percent.


The increased costs make it all but prohibitive for rank-and-file musicians and crews to cross the border to work.

As Cash posits, the rub is that “In contrast to U.S. policy, Canada is open for business to U.S. touring artists. Here, there is nearly no red tape; no work permit, no visas, no problem.”

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To read the article, link to On musician touring visas, the United States needs to change its tune.

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Influence Media Wins Bid to Acquire Anthem Entertainment’s Music Assets
Business News

Influence Media Wins Bid to Acquire Anthem Entertainment’s Music Assets

Sources say the BlackRock-backed company bid slightly above $650 million for the assets, though the deal has yet to close.

Apparently, the third time really can be the charm, as sources say Influence Media Partners has emerged as the winner in the auction for the music assets of Anthem Entertainment, the Canadian music firm that houses music publishing assets and recorded masters royalties from the likes of Rush and Timbaland.

While two earlier efforts to sell the firm in 2017 and 2022 came up short, sources suggest that in the third go-round, the successful Goldman Sachs-shopped deal saw at least two bids come in above the $600 million mark, even though most other bidders were said to be in the $500 million to $600 million range before dropping out. In all, sources suggested that about a dozen suitors kicked the tires on Anthem.

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