FACTOR

{{Short description|Canadian music-oriented nonprofit organization}}{{More citations needed|date=January 2024}}{{About|the organization|other uses|Factor (disambiguation){{!}}Factor}}FACTOR (the Foundation to Assist Canadian Talent on Records) is a private non-profit organization "dedicated to providing assistance toward the growth and development of the Canadian music industry".{{cite web |url=https://music-ontario.ca/uploads/wp/mo/2015/01/Key-Organizations-for-web.pdf |title=Grants and funding for Canadian Artists and Organizations |author= |date=2015 |website=MusicOntario |publisher=Canadian Independent Music Association |page=1 |access-date=October 9, 2021}}

History

FACTOR was founded in 1982 by radio broadcasters CHUM, Rogers Radio Broadcasting, Moffat Communications, along with the Canadian Independent Record Production Association and the Canadian Music Publishers Association. FACTOR has been administering public money since 1986, when it began to grow.{{cite magazine |last=LeBlanc |first=Larry |date=May 8, 2004 |title=Canadian Indies Hold Breath For FACTOR |url=https://books.google.com/books?id=xRAEAAAAMBAJ&pg=PA52 |magazine=Billboard |volume=116 |issue=19 |page=52 |issn=0006-2510 |access-date=October 9, 2021}} From an inaugural budget of $200,000 they now distribute over $11.5 million annually.{{Citation needed|date=January 2024}}

In 2009, the organization was criticised when a letter written by Unfamiliar Records founder Greg Ipp was republished on the internet.{{Cite web |url=http://www.thedailyswarm.com/swarm/open-letter-canadas-music-industry-grant-system-why-does-metric-mstrkrft-and-well-funded-mediocrity-get-all-support/ |title=www.thedailyswarm.com |access-date=2009-07-16 |archive-date=2009-07-16 |archive-url=https://web.archive.org/web/20090716135428/http://www.thedailyswarm.com/swarm/open-letter-canadas-music-industry-grant-system-why-does-metric-mstrkrft-and-well-funded-mediocrity-get-all-support/ |url-status=dead }}

Signees

References

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