Difference between revisions of "FACTOR"

Latest revision as of 04:14, 22 September 2006

As a private non-profit organization, FACTOR is dedicated to providing assistance toward the growth and development of the Canadian independent recording industry.

• FACTOR started out with an annual budget of $200,000, and in its 24 years FACTOR has administered over $112 million in funding to assist in the development of the Canadian artists and the independent music industry. FACTOR supported sound recordings have sold over 30.2 million copies worldwide with a retail value in excess of $608 million.
• The overall approval of number of requests is 27.09%. It is interesting to note that funding to support children’s music, jazz, roots, rock and classical projects exceed this average.
• Since April 1, 1999 FACTOR has received 550 World Music requests totaling $6.8 million and approved 188 requests, offering a total of $1.6 million.
• Since April 1, 1999 FACTOR has received 348 requests from the classical community totaling $4.4 million and approved 181 requests, offering a total of $1.88 million.
• Urban music, which is still a young developing genre, is already receiving 25% and world music is at 24% of their respective number of requests for funding.
• From FACTOR’s inception in 1982 to December 31, 2005, FACTOR-funded sound recording projects have sold more than 160,000,000 domestic units with a retail value over $286,778,000. International more than 14,000,000 units have been sold, with a retail value over $392,800,000. This represents a combined total of more than 30,000,000 units sold worldwide with a retail value of over $680,000,000.
• From April 1, 1999 to March 31, 2006 FACTOR has disbursed final payments on completed projects totaling $55 million. This funding has been matched by the industry’s own investment of just over $114 million. While FACTOR requires applicants to put up minimally 50% of the budget, the industry has actually absorbed 68% of the costs.

Since inception in 1982, FACTOR has funded all branches of the industry through its various programs, providing over 100 million dollars in funding. Funding is from coast to coast to coast and covers all genres of music. The information below shows which provinces, programs and genres are seeing the money. Funding By Province since 1982

Alberta - $3,048,938
British Columbia - $19,482,411
Manitoba - $3,434,779
New Brunswick - $1,158,509
Newfoundland & Labrador - $819,995
Nova Scotia - $5,780,388
Yukon and Northwest Territories - $866,904
Ontario - $58,844,508
Prince Edward Island - $1,243,496
Quebec - $16,193,355
Saskatchewan - $1,061,351

http://www.factor.ca