July 30, 2009

Canada Extends Music Fund for Indie Musicians

The federal government will announce renewed funding for the Canada Music Fund on Friday, CBC News has learned.

Heritage Minister James Moore will make the announcement in Montreal to extend the program for another five years.

An independent organization that provides grants to often cash-strapped Canadian musicians, the Canada Music Fund was launched in 2001 to help support the music and recording industries.

Last year, it received almost $23 million in government cash and about a third of that ended up in the hands of FACTOR, the Foundation Assisting Canadian Talent On Recordings.

Read the full release here.

This is great news for all Indie musicians in Canada, as there was doubts the FACTOR program would continue.

Source: CBC News

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