Canadian Government Increases Funding for Music Industry

📆 24/03/2024 1:38 p. m.
📰 globebusiness

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The federal government will provide $32-million funding for the Canada Music Fund to support artists in the music industry. The fund is managed by FACTOR and Musicaction, assisting with recording, promoting, and touring. This funding aims to help artists and cultural organizations facing financial challenges in the post-COVID-19-lockdown world.

The federal government announced an additional $32-million funding for the Canada Music Fund over two years to support artists in the music industry. The fund is managed by FACTOR and Musicaction, distributing funding for recording, promoting, and touring.

This funding comes at a time when artists and cultural organizations are facing financial challenges due to the post-COVID-19-lockdown world.

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