Canada to invest $67 million in Canada Music Fund

The funding will go to five organizations supporting Canadian artists and the music industry.

The Canadian government will invest $67 million in the Canada Music Fund. The money will be distributed among five organizations supporting the country’s music sector.

Author: Робот Source: Billboard

A performer onstage at a music concert in Canada — Canada will direct $67 million to support its music industry. Illustrative photo. Photo: Asvigny / Wikimedia Commons, CC BY-SA 3.0

The Canadian government will invest $67 million in the Canada Music Fund. Minister of Canadian Identity and Culture Marc Miller announced the funding at the ADISQ Gala in Montreal on Nov. 8.

The sum is part of the government’s promised $600 million investment in the cultural sector. The funding was first announced in June and confirmed for 2026-27 in the latest federal budget.

FACTOR will receive $31.5 million, Musicaction $21 million, the Canadian Starmaker Fund $5.7 million, the RadioStar fund $3.8 million and the Indigenous Music Office $5 million.

The organizations will use the money to support emerging Canadian artists and help them compete globally. The Canada Music Fund was renewed through 2028 last year.

Music organizations welcomed the investment. FACTOR president and CEO Meg Symsyk said sustained funding would help artists and Canadian music companies build for the future.

Source: Billboard

Countries:

Canada

Canada to invest $67 million in Canada Music Fund

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