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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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Beyoncé

Beyoncé

FYI

The Billboard Canada FYI Bulletin: Beyoncé Country Hit A Win For Canadian Songwriters

Also in this week's roundup of industry news: Kayla Diamond launches her own boutique imprint, SOCAN names an ombudsman, and time's running out for noms for this year's Rosalie Award honouring trailblazing women in broadcasting.

Beyoncé becomes the first Black woman to top Billboard’s Country Songs chart with “Texas Hold ‘Em” and it has gone to No. 1 on iTunes in 14 different countries and counting. There are some surprising connections. The song is co-written and co-produced by Ontario-born writer/producer Nathan Ferraro, whose previous collaborations include working with Lady Gaga, Carly Rae Jepsen, Bear Mountain, RALPH, Shawn Hook, Alyssa Reid, Jessie Reyez, Lowell and Tyler Shaw.

In fact, the song has deep Canadian origins. Two other Canadian songwriters participated in this runaway hit: Megan Bülow (who records and performs as bülow) as and Elizabeth "Lowell" Boland (a.k.a. Lowell), with Ferraro co-producing the track with Killah B and Beyoncé.

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