Canada Pledges $56 Million to Aid Music Economy
The three-year funding allocation will target $40 million specifically for the ailing live music sector. After a year of unprecedented struggle, the Canadian government is pledging to inject badly needed emergency funding into the country’s depleted music economy. The government said this week that its latest budget allocates $70 million (about USD $56 million) for the Department of Canadian Heritage’s Canada Music Fund — $50 million (USD$40 million) of which is targeted for the ailing live music sector. The three-year funding allocation — which in 2021-22 will represent $50 million ...