Changes to MFM Music Funding Programs
Posted on April 4, 2017
The following changes will be applied to MFM Music Funding Programs as of April 1, 2017.
Artist/applicant in ‘good standing’ rule (Overdue file and loan repayment): No new applications will be approved if an applicant or artist has a file overdue and/or is behind in their loan repayments to MFM.
Artists with recording program loans must be no more than one reporting period behind schedule to be approved for funding from any MFM music program (reports are due every 6 months until loan is recouped. We will allow one grace period).
Contracts signature timeline: Contracts must be signed within three months of date of commitment of funding letter. If artist exceeds this time frame, funding awarded will be cancelled.
2 year maximum time for open files: Completion paper work and support materials for all grants and loans must be submitted to MFM no more than two years from date of commitment of funding letter. If artist exceeds this time frame, then the funding awarded may be cancelled and all advanced funds must be returned. If the funds are not returned, then the artist will be placed in default.
Recording Program Guideline Changes
RECORDING DEADLINES 2017/2018:
May 18, 2017
September 21, 2017
January 18, 2018
2 year release window rule: Artists must release the completed recording within two years of receipt of the letter of commitment. If the artist fails in this, the funding awarded may be cancelled and all advanced funds returned. If the funds are not returned the artist will be placed in default.
Level 3 – Six songs or more: Level 3 funding is available for recording a minimum of six songs comprising no less than twenty minutes of music.
Level 3 had previously a minimum of thirty four minutes of music. This change lines our program up with FACTOR criteria.
Level 2 – Five songs or more: Level 2 funding is available for recording of a minimum of five songs.
Level 2 previously had a minimum of 6 songs. With the change to Level 3, MFM is reducing Level 2 to five songs or more.
Marketing Program Guideline Changes
Confirmed tour date rule: Minimum of six confirmed tour dates (live concert dates) must be in place for marketing funding to be approved.
Performances within 150 Kms of artist’s hometown do not count as a tour date. Unlike the tour program the performances do not have be within a limited time frame.
Promo tour clarification and definition of eligible expenses: A promotional tour date is a radio, television, or in-store performance supporting a current release. For promotional tours, only travel costs are eligible (artist fees or per diems are not allowed). Promotional tours must include a minimum of six performance dates with a maximum of seven days in between performances. Performances within 150 KMs of artist hometown are ineligible for funding.
Publicist/Radio plans inclusion requirement: Proposals for PR/Publicity/Radio tracker services that are listed in marketing application must be included with application package.
Tour Program Guideline Changes:
Tour promo costs: Tour promotion costs are capped at a maximum of $750 in applicant budget.