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Ontario Renews Music Fund

04.27.15

Re:Sound congratulates the Ontario government for their decision, announced in the 2015 Budget,  to renew the Ontario Music Fund with a commitment of $15 million per year.

“Ontario has the largest music sector in Canada and one of the most diverse in the world. To support the development of strong, competitive and sustainable music companies, the Province established the Ontario Music Fund in 2013 as a three-year program. The Fund is aimed at strengthening Ontario’s music industry while advancing live music and creating opportunities for emerging artists. By supporting activities that contribute to a thriving music sector, the Fund helps position the province as a leading global destination to record and perform music. Support from the Fund’s first year has already helped to create or retain 2,000 jobs and produced $24 million in additional revenue for music-related businesses. With the Music Fund now successfully in place and meeting the needs of Ontario’s music industry, the government is committing to the continuation of the $15 million per year Fund.” (Ontario Budget 2015)

“Re:Sound applauds the Ontario government for their decision to renew the Ontario Music Fund”, said Ian MacKay, President of Re:Sound. “Investing in the music industry is good for artists, our culture and our economy. The opportunities, musical projects and jobs born of the Ontario Music Fund are essential to ensuring a dynamic and sustainable future for the Ontario and the Canadian music industry.”

“By establishing Ontario as one of the leading destinations in North America to record and perform, we are supporting the music companies, artists and cultural institutions that bring our sound to the world, boosting a vibrant and important industry, and helping to create good jobs,” said Premier Wynne on March 25th 2015.

Ontario Budget 2015: http://www.fin.gov.on.ca/en/budget/ontariobudgets/2015/papers_all.pdf

 

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