Canadian Music Business Assesses Impact Of Government Funding Cuts

“The federal funding has helped to generate $40 billion in cultural business: Last year, 21 Canadian companies, with financial assistance from ProMart, the Ontario government and the Canadian consulate, went to a music trade mission in Tokyo. Most of them came away with significant deals. The federal investment was $80,000, and $1.4 million in recording, distribution and touring contracts were signed.”