Today, the Hon. Premier Kathleen Wynne announced the 2014-15 Ontario Music Fund recipients, with 123 recipients receiving more than $14 million in grants in the second year of the program. The fund, which is administered by the Ontario Media Development Corporation (OMDC), supports music entrepreneurs, record labels, managers, agents, industry trade associations, and training institutions across Ontario.
Premier Wynne made the announcement at Coalition Music in Scarborough, where she highlighted the music sector’s value to the Ontario economy and stated “music makes the earth move for Ontario.” The press release notes that the recorded music industry generates more than $429 million in revenue in Ontario annually, and that support from the first year of the Ontario Music Fund helped create or retain 2,000 jobs and produced $24 million in additional revenue for music-related businesses in Ontario.
“By establishing Ontario as one of the leading destinations in North America to record and perform, we are supporting the music companies, artists and cultural institutions that bring our sound to the world, boosting a vibrant and important industry, and helping to create good jobs,” said Premier Wynne in the release.
The Hon. Michael Coteau, Minister of Tourism, Culture and Sport, and The Hon. Brad Duguid, Ministry of Economic Development, Employment and Infrastructure, also spoke at the event, which featured music performances by The Good Lovelies and Myles Castello.
“By investing in the music sector through initiatives like the Ontario Music Fund, our government has ensured that Ontario remains Canada’s top jurisdiction for making, producing and performing music, said Minister Coteau. “I’m proud that Ontario continues to be one of the most diverse music sectors in the world and a place where artists can grow and thrive right here at home.”
“The Ontario Music Fund has positively changed the landscape for music, and signals that the Government of Ontario agrees that music is a good investment for this province; in fact, that it is one of our competitive advantages,” said Graham Henderson, President of Music Canada. “We commend the Government of Ontario for creating the conditions that encourage the private sector to invest in music in order to create jobs and stimulate growth.”
For further information on the Ontario Music Fund, visit the OMDC’s website at http://www.omdc.on.ca/music/the_ontario_music_fund.htm.