Federal Budget Fails to Support Canadian Music
FOR IMMEDIATE RELEASE: 02/27/2018
Federal Budget Fails to Support Canadian Music
No mention of support for the Canada Music Fund in Budget 2018
OTTAWA – Today’s federal budget fails to provide much-needed additional support for the Canadian Independent music sector.
The Canadian Independent Music Association (CIMA) President Stuart Johnston says: “Current funding programs such as the CMF are over-subscribed and underfunded. The Federal Government missed an important opportunity to support Canadian creators and the world-class entrepreneurs such as record label executives, managers, and publishers who leverage the Canada Music Fund investments for our artists.”
There are not enough dollars currently allocated to the commercial music system to properly invest in the music industry. For the past 10 years, there have been no permanent increases to the CMF. In fact, the fund experienced a permanent $1 million drop in 2012.
In Budget 2016, the Federal budget included an investment into “Showcasing Canadian Talent to the World”, where the music sector benefited from a $4.2 million dollar investment over 2 years. In September 2017, the federal government continued to move in the right direction with its commitment to expand market access and export opportunities for all cultural industries through an investment of $125 million in Canada’s first Creative Export Strategy including the creation of the Cultural Exports Fund.
CIMA recommended that the Federal government invest an additional $8 million towards the Canada Music Fund (CMF) in budget 2018. “We saw the Cultural Exports Fund as a signal that our industry’s needs are being heard and that the Canadian government is a willing partner in supporting our local industry and creators. Unfortunately the 2018 budget ends any momentum that was being created.” says Stuart Johnston, CIMA President.
About CIMA:
CIMA is a not-for-profit national trade association representing English-language, Canadian-owned and controlled businesses of the domestic, commercial music industry. CIMA represents a diverse membership of small businesses including: record producers, record labels, recording studios, managers, agents, licensors, music video producers and directors, creative content owners, artist-entrepreneurs and other professionals from across the sound recording industry. CIMA represents over 280 Canadian companies and professionals and 6,200 Canadian artists including: A Tribe Called Red, Tanya Tagaq, Serena Ryder, The Trews, Terra Lightfoot, Tegan and Sara, Whitehorse, The Sheepdogs and METRIC.
-30-
More information:
Elise Roiron
elise@cimamusic.ca
p: 416-485-3152 x 223