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FYI

FACTOR Support For Music Industry Totalled $25.2M In Past Year

FACTOR, otherwise known as the Foundation to Assist Canadian Talent On Recordings, took in revenue of $30,880,783 and paid out $25,238,117, according to figures cited in the not-for-profit’s 2019-2

FACTOR Support For Music Industry Totalled $25.2M In Past Year

By FYI Staff

FACTOR, otherwise known as the Foundation to Assist Canadian Talent On Recordings, took in revenue of $30,880,783 and paid out $25,238,117, according to figures cited in the not-for-profit’s 2019-2020 annual report that was released online earlier this week.


Funding from Canadian Heritage totaled $14,546,708 with a further $16,334,075 contributed by Canada’s private radio broadcasters.

Of the money paid out, $514,997 went to regional affiliates and $25,238,117 was paid out in grants.

In total, 2,000 applications requesting close to $44 million were logged over 10 programs offered by FACTOR, the report states.

Support for Canadian-owned music companies came in at just over $6.2M, tour support approvals came in at just under $3M, $950K was spent on 475 of 1,2241 Artist Development submissions, and $755,280.78 went to 53 of 73 requests for video assistance.

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Further specifics along with messages from Chair Meghan Symsyk and President Duncan McKie can be found online on the FACTOR portal.

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Sabrina Carpenter
Courtesy Photo

Sabrina Carpenter

Chart Beat

Sabrina Carpenter Hits No. 1 on the Billboard Hot 100, But Just Misses in Canada

Carpenter’s “Manchild” debuts at No. 2 on the Canadian Hot 100, behind Alex Warren’s “Ordinary,” which has spent the past 10 weeks atop the chart.

Sabrina Carpenter summer is almost here.

The Grammy-winning pop singer’s track “Manchild,” from her forthcoming album Man’s Best Friend, debuts at No.2 on the Canadian Hot 100 chart dated June 21. While it just misses the top spot held by Alex Warren's "Ordinary" in Canada, it debuts at No. 1 on the U.S. Hot 100, dethroning Warren.

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