Amount:
No Fixed Amount
Type of Program:
Grant
Description:
Funding under the Sound Recording component must always be used to produce a qualifying album. All Comprehensive Music Company Sound Recording component applications must include the creation or licensing of a new, previously unreleased qualifying album.
The Comprehensive Music Company program funds a portion of the cost of production or acquisition of an original full-length sound recording and contributes to the marketing and promotion of that Sound Recording under the Marketing, Tour Support, Showcase, Video and Radio Marketing components.
Comments on Funding
Funding under this component is at up to 75% of the total eligible budget of the Comprehensive Music Company application.
Comprehensive Music Company funding is divided into two phases.
In Phase 1, the maximum available funding is $82,500 per project.
In Phase 2, you may receive an additional $40,000 per project, provided that the funded sound recording has met the qualifying threshold* for the genre. Note that Phase 2 funding must be applied for within the later of two years from the original submission date or six months after the commercial release of the sound recording. Phase 2 funding is only available if the fiscal year maximum has not already been met.
Eligible record labels may receive up to a maximum of $100,000 per FACTOR fiscal year (April 1 – March 31).Recording costs or licensing costs in the sound recording component are capped at $60,000/FACTOR contribution of $45,000, if the applicant's request is for a license fee.
Recipient Accessibility Support Fund: FACTOR grant recipients are eligible for top-up support to their project funding of up to $5,000 each fiscal year, not to exceed $5,000 per project for costs related to accessibility. Eligible costs claimed under this fund will be reimbursed at 100%.
When It Ends:
Ongoing
Deadline:
Rolling deadline
Eligibility:
This means the Canadian record label that has already signed the artist, or has already licensed the sound recording, or has an option to license the sound recording. If the artist owns the underlying copyright in the masters but has licensed the sound recording to a record label, the label must be the Applicant.
Application Steps:
Create and submit on Factor online system: a User Profile ((log-in data), an Applicant Profile (data of the person or the company who will be legally and financially responsible for the funded project).
Must have a reviewed and rated Applicant Profile and access to an Artist Profile (something very similar to a CV, information on the artist and his work).
Documentation Needed:
- 1A budget and/or complete project details has/have to be submitted online each time the applicant requests funding for a component of its project, including a description of the goals, expected results, and timelines for completing each component and the project as a whole.
- 2All applications must include the Sound Recording component. Applicants may apply for any other component funding at the same time as the Sound Recording, or after the sound recording is approved.
- 3Applicants must compile and organize all invoices, receipts and proofs of payment; then enter the amounts being claimed into the FACTOR Cost Report, which can be downloaded from the Budget page of the Completion. Applicants must upload the Cost Report and all related expense documentation, then complete and submit all other sections of the Completion (including Budget, Results, Component Information and Public Funding).
- 4In addition to the program completion requirements, to complete the Sound Recording component the Applicant must:
- 5Applicants who prefer to have FACTOR pay certain suppliers directly may submit up to three Letters of Direction.
Other Things to Note:
- 1Applicants are obligated as a condition of funding to include the appropriate logos and acknowledgment in all materials created in a FACTOR-funded project. Please review the Logo and Acknowledgment Guide for specific instructions. Remember, the failure to provide appropriate logos and acknowledgment could result in a loss of some or all of your funding.
- 2Program guidelines for 2021-2022 were published in July 2021.
Program Contact:
FACTOR Comprehensive Music Company Program Guidelines.pdf
1.877.696.2215
general.info@factor.ca
