FACTOR – Comprehensive Artist – Sound Recording

ByMaurice

Description:

Comprehensive Artist is a full-length sound recording program accessible to artists rated 3 and eligible record labels. This 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.
Funding under the Sound Recording component must always be used to produce a qualifying album, and under some programs, to license an already produced but unreleased qualifying album.
All Comprehensive Artist applications must include the creation or (for record label applicants) the licensing of a new, previously unreleased qualifying album.

Comments on Funding:

Funding under this program is divided into two phases:

  1. For the first phase of the project, funding is up to 50% of the eligible budget components, as detailed in the guidelines, to a maximum of $82,500.
  2. For the second phase of the project the applicant may receive an additional $40,000, provided that the funded sound recording has met the qualifying threshold (unit sales, streams, and radio activity) for the genre.
    Under the Sound Recording component applicants may request recording costs or licensing costs. If the request is for a license fee, licensing fees will be capped at $60,000/FACTOR contribution of $45,000.
    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%.

Eligibility:

  • 1. Canadian Artists rated 3, Canadian record labels rated Approved, 2, 3, 4 provided the artist is rated 3, MEC-supported companies and Recipients of Envelope Funding provided that the artist is rated 3*.
  • 2. The artist must be Canadian.
  • 3. Artists who have ever had Music Canada Platinum Album Certification in Canada, and/or worldwide sales of any one album of 100,000 units or more, and/or worldwide sales of all album releases equaling 200,000 units or more (including stream-equivalent albums per Music Canada Certification process) might be considered exceptions for program eligibility by FACTOR’s Board of Directors.
  • 4. Only the party that controls the Canadian commercial release rights and exclusive Canadian exploitation rights to the sound recording at the time of application may apply.

Applications Steps:

Applicants must:

1

create a user profile on the FACTOR application platform;

2

create an applicant profile (of the individual, partnership, or corporation that will enter into a general agreement with FACTOR if funding is offered);

3

create an artist profile (an artist profile provides FACTOR with a snapshot of the artist’s music career thus far. This helps FACTOR determine artist profile ratings and program eligibility);

4

create a project and choose the project components;

5

fill and validate the application.

Documentation Needed:

Applicants must:

  • submit a budget and/or complete project details online each time applicants apply for a component of their project, and to describe the goals, expected results, and timelines for completing each component and the project as a whole.
  • a void cheque from their bank account;
  • 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).
  • submit a copy of the finished sound recording in MP3 format, along with lyrics, songwriting and production credits. MP3s should be uploaded to the Component Information section of the Completion. See Business Policies: Completions and Delivery of Completion Documentation for details;
  • upload a copy of the album artwork. This should be the finished graphics for the commercial release, and must include the required acknowledgement and logo(s);
  • submit a Supplier’s Declaration and Undertaking signed by the producer of the sound recording;
  • submit a Studio Work Log for each production studio involved in the project. You may use the FACTOR Studio Work Log Template, or any form of studio log as long as it includes: Studio Name, Studio Address, Recording Date(s), Start and End Time(s), a description of the work done, Artist Signature, Studio/Producer/Engineer Signature;
  • Complete the product submission of the commercially released album. After completion and no later than 30 days after commercial release of the funded sound recording (the product submission deadline) you must deliver to FACTOR via email, as a zip file or by providing a link to a preferred file sharing site (e.g. Dropbox): a digital copy in MP3 format of the final, as-released version of the funded sound recording, including the final, required metadata [thumbnail artwork, FACTOR logo and acknowledgement text (where possible), Canada wordmark (if applicable, where possible), Government of Canada acknowledgement (if applicable, where possible), track artist, track title, track time/duration, track number; and a digital copy of the final, as-released album artwork clearly showing the required logos and acknowledgments. If manufacturing physical copies for sale, a finished, retail-ready copy in any physical format may also be required.

Other Things to Note:

1. Applicants 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 your funding.
2. In 2022 the program guidelines for 2022-2023 were published April 2022.

Program Contact:

certifiacte-icon

Guaranteed Government Grants

Get a FREE 45-page guide with proven steps to business grants success:

    We respect your privacy. Unsubscribe at anytime.

    Labor Market Partnership

    About the author

    Maurice

    Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.

    Similar Posts

    Leave a Reply

    Your email address will not be published. Required fields are marked *