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FYI

New Canada Music Fund $s Expected In Budget

The annual $24-million budget is expected to be topped up with fresh funds that will target the realities Canada's music industry in the digital age.

New Canada Music Fund $s Expected In Budget

By FYI Staff

The federal government is expected to make long-sought changes next year to the $24-million Canada Music Fund (CMF) that hasn’t seen a funding boost in over a decade.


The Liberal government has been telling music biz insiders that it will enrich the fund, although by how much isn't clear, according to a news report widely circulated by Canadian Press reporter Jordan Press.  The same story suggests the government also plans to change how the money is distributed, in light of fading sales and the growth of streaming services like Spotify and Apple Music.

Industry officials, speaking on condition of anonymity in order to discuss private conversations, told Press that changes to CMF will be part of next year's budget–the last before the 2019 general election.

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A spokeswoman for the department said in an emailed statement that the government was working with industry experts to ensure the overhaul is "done with diligence and will provide Canadian musicians with the support they need to thrive in the current environment."

The statement goes on to say that officials are still developing recommendations for specific changes to the fund.

Money through the fund is aimed at helping Canadian companies involved in recording, promoting, and distributing music at home and abroad, and helps mitigate a critical financial issue in the industry: access to capital.

Read the complete story here.

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DIVINE (L) and Karan Aujla
@anmollium / Anmol Raina

DIVINE (L) and Karan Aujla

Chart Beat

Karan Aujla & DIVINE Debut in Top 25 on Billboard Canadian Albums Chart

B.C.-based Punjabi artist Karan Aujla and Indian rapper DIVINE land the No. 22 spot on this week's Canadian Albums chart with their new collaborative release, 'Street Dreams.' On the Canadian Hot 100, Beyoncé's "Texas Hold 'Em" ascends to No. 1, while Canadian pop artist Preston Pablo makes a debut.

B.C.-based Punjabi artist Karan Aujla and Indian rapper DIVINE are making moves together on Billboard's Canadian Albums chart this week, with their collaborative project, Street Dreams, debuting in the No. 22 spot.

The seven-track album, released Feb. 16, blends harder hip-hop and smooth R&B pop, the latter shining through especially on the Jonita Gandhi-assisted "Yaad." It's not Aujla's highest spot on the Albums chart — he reached No. 5 in 2023 with Making Memories, his collaboration with Canadian Punjabi artist Ikky — but it gives him some momentum going into his upcoming performance at the Juno Awards on Mar. 24, where he's nominated for TikTok Juno fan choice and breakthrough artist.

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