FA Annual 2013 – 2014 C T OR Repor t

We acknowledge the financial support of the Government of Canada through the Department of Canadian Heritage Canada Music Fund and of Canada's Private Radio Broadcasters. 2 FACTOR 2013–2014 musical artists Canadian in supporting role we play proud of the extremely We are Message From the Chair importantly, ourprograms of are-design to better reflect how the funding stability; themodernization ourapplicationfunding stability; of processes ancing amyriad interests. of Its programs are the designed to support FACTOR hasabroad anddiverse mandate that requires often bal- broadcaster contributions. sive stream, which Artist isfunded entirely withprivate radio private funds andat thesame timeofferprograms like theComprehen allowspartnership FACTOR to supplement Government programs with millionfrom privateFund and$12 radio broadcasters. Thisimportant year, Canada CanadianHeritage.of through theDepartment Thispast between Canada’s private radio broadcasters andtheGovernment stable funding itreceives from thepublic-private shared partnership FACTOR’s ability to successfullynavigate thedramatic changes shaping mercially meaningful. made inareas where they willhave thegreatest com- to potential be industry ismonetizing recorded music andto ensure investments are and client serviceswithinvestments indigitalinfrastructure; and,most ponsible investment strategy for fundingthat surplus ensures long-term independent music industry. include These to build staff efforts expertise tional changes intheway itadministers fundingfor theCanadian improvements important andtransforma-has made of anumber firstbecame involved withtheorganization. Over this time, FACTOR is remarkable to thinkhow much FACTOR haschanged since I past six years, itiswithpride that Iwrite my last message asChair. It the Canadianindependent music inlarge industryisdue to the part to ensure fair consistent, andtransparent to funding; develop ares- received $8.5 millionfrom theGovernment Canada’s of Canada Music FACTOR offered over$16.5 millioningrants and loans and After onFACTOR’s serving Board Directors of for the Message From the Chair

-

3

FACTOR 2013–2014 4 FACTOR 2013–2014 of theroleof FACTOR’s fundingplayed inthedevelopment great of album Throw aPenny in the Wishing Well. We are extremely also proud Canadian to win aGrammy inchildren’s music for FACTOR-funded home 6Juno Awards like Jennifer and artists Gasoithefirst becoming year isnoexception withFACTOR-funded taking projects andartists at anationalmusical both andinternational artists level. Thispast We are extremely therole proudof we play Canadian insupporting ensure itsfundingismeeting industryneeds andcreative demands. FACTOR continually strives to identify measures success of to without itstrade-offs. each of areas these of very isoften in support challenging andnot musical works. Determining thelevel investments of to make development andnew platforms for thedistribution Canadian of Wefor artists. have invested indigitalinfrastructure also $554,471 sources revenue of live themostimportant isoneof performance This increased investment was made inrecognition thefact of that forshowcases artists’ andtoursits annual support to almost$4million. FACTOR Since additional 2010–11 of funding. increased hasalso recordings sound full-length 63 to 167 thispastyear asaresult we recordings. havesound grown Since 2010–11, thisprogram from can succeed inaccessingartists fundingfor first timefull-length by dedicating more fundingto ourjuried programs, where individual Over thepastseveral years FACTOR hasbalanced objectives these strategystructure andexport for Canadianindependent music. initiatives andactivities; andencourage acompetitive digitalinfra various stages intheircareers; ensure investments inregional music creation Canadianmusical of works through investments inCanadian also requiresalso that we offerprogramsat artists designed to support independent music companies andbusinesses. However, ourmandate Message From the Chair -

Message From the Chair 5 new acts like A Tribe Called Red and Rykka, a PEAK Performance Project winner from BC, which reflect the diversity of FACTOR’s funding.

As a huge fan of Canadian music and a proud representative of the Canadian radio industry my time at FACTOR has been extremely informative, personally rewarding and very fun. I wish to thank the FACTOR Board, a group of accomplished and knowledgeable representatives of the Canadian music and radio industries (and a bunch of fantastic people), for their expertise and dedication FACTOR 2013–2014 FACTOR to ensuring FACTOR’s programs remain relevant and are focused on helping to create great music. I have every confidence that the new Board, chaired by Jeffrey Remedios of Arts & Crafts Records, will continue to bring the same level of commitment to our clients and stakeholders.

Finally, I wish to thank the FACTOR team, a group of highly dedi- cated professionals whose passion and commitment to continuously improving the organization shows every day in the work they do. The industry is very lucky to have them.

Sincerely,

Susan Wheeler 6 FACTOR 2013–2014 history. in FACTOR’s important of the most has been one The past year Message From the President with thisapproach asitallows for anongoing relationship withour experience when dealing withtheirfiles. Our staffis equally pleased provides ourclients withafrustration-freebeginning-to-end stop shoppingwhere theproject coordinator can track aproject from Our new client model service was developed inthissame vein. One- on anartist’s business plan. more efficiently, getting fundingout faster. This canmake abig impact improvementsthese have made itpossible forto us process things more environmentally sensitive. Thetimesavings inherent in costs inmany areas. Importantly, thischange hasmade oursystem Paperless transactions are now possible, saving substantial us business relationships andauthorizes agents to work ontheirbehalf. updating. Thesystemiodic allows clients to identify relevant wishing to establish aprofileus, andthereafter with only requiresper- provides onlybasic data aone-time andcompanies entryfor artists themostsignificantOne of andappreciated changes isthat our system improvements.further ourclientsof are pleased changes withthese butwould like to see client satisfaction survey from theFall indicates, 2013 of themajority includes theweb interface itself, program butalso design. Asour new system we have worked every day to improve. Thisnot only However, at FACTOR we listen to ourclients. Since launching our changes, itwas improbable that we would achieve 100%satisfaction. we are hearing alotpositive of feedback. Given theextent the of The majorityclients of are satisfied withthe changes we have made and 2.0. and oursystems to FACTOR FACTOR’s history, aswe successfullytransitioned ourprograms both The past year has been one of the most important in The pastyear themostimportant oneof hasbeen Message From the President

7

FACTOR 2013–2014 8 FACTOR 2013–2014 Grant isthecurrent treasurer FACTOR, of on serving andhasbeen we would nothave able been to create thesystem we have today. needed changes expenditures andassociated FACTOR, to modernize for for the assessment ourapplications process. hersupport Without always shown thestrongest commitment to amerit-based system of dedication to makingtheBoard andtheorganization work. Shehas and iscurrently asChair. serving Susanhasshown atireless andselfless CIMA andMaple Music. ontheBoard for Susanhasbeen seven years, members, Susan Wheeler from Rogers Media andGrant Dexter from Finally, thisyear thelast willbe for two FACTOR’s of board long serving would like to share, please call meoryour Program Coordinator any time. onclientbased needandengagement. Ifyou have any ideas you committed to aphilosophy improvement continuous of at FACTOR Notwithstanding successes these andpositive outcomes, we are applications orsuccessfullyconclude anongoing project. themselvesinform andto get theassistance necessary to organize their Hundreds ourclients of have taken advantage thisapproach of to sessionswithcurrent andaspiring applicants andrecipients.on-one itories to CanadianMusic Week, to sit onpanels andconduct one- on theground Canada’s inallof regions. Thisyear weour sent We news asithappens. deadlines andotherimportant are work also targeted emailblasts, clients can learn any of changes, impending a variety techniquesanew of website, media, including social and ourclientand inform by improving base ourcommunications. Using Over thepastthree years, we havebetter to made effort aconcerted their needs. clients where we can better understand theirbusiness andservice across thecountry to events large andsmall,from theNorthwest Terr- Message From the President staff target

ing ing

Duncan McKie Sincerely, you allthebest. to anothergreat year for Canadianmusic in2014–15, andwish Thank you to everyone We in2013–14. for theirsupport lookforward in Toronto 2014 who takes onJune for two thepost years. 25th, to ournew chair, Jeffrey andCrafts Remedios from Records Arts City Records inMontreal. We would like to extend ourcongratulations 102.9)Edmonton (Sonic andJustin West from CIMA andSecret them well. We welcome ournew Board members,AlFord from Rogers humour. of and hissense We for andwish their service thankthemboth misshisacuityandfrankcertainly approach to FACTOR affairs his ability to “cut to thechase” have served theBoard well. We will understanding themusic of business andbusiness generally, plus the Board for six years astheCIMArepresentative. Grant’s exemplary

Message From the President

9

FACTOR 2013–2014 10 FACTOR 2013–2014 we can. we where improvements making is to stay Our goal the Looking Ahead course, course,

Vice President Operations of Outhit, Allison is to stay thecourse, making improvements where we can. music sector. No majorchanges are envisaged for ourgoal 2014–2015; to ensure we stay current andengaged withCanada’s independent FACTOR willcontinue to honethedelivery programs of andfunding adapt to FACTOR’s new eligibility criteria, programs, andsystems. Going forward for 2014–2015, ourclients willcontinue to learn and in 2013–2014. thehuge numbers speakof These volume work of accomplished FACTOR staff; and over projects5,500 at various stagesof progress. 6,000 individual musicians have reviewed been andrated by profiles,of whichrepresenting2,400 Canadianartists overover unique companies representing nearly 6,000 employees; over 6,300 artist that have reviewed been andrated by FACTOR staff, including music At theonlinesystem writing, timeof contains over 3,600 applicants grams andsystems are functioningefficientlyandasintended. and withthepatience andcooperation ourclients, of thenew allof pro cal perspective. However, through thehard work FACTOR of staff a few bumpsintheroad, from both aprogram delivery andtechnologi- expected withanoverhaulAs mightbe thismagnitude, of there were tion’s earliest days. Thenew program launch was accompanied by astaff its mostsignificant program and systems redesign since the founda end database by FACTOR for use staff. new public website, onlineapplication system, andanintegrated back- ournewrestructure of onlinetools, including andaroll-out abrand At the start of the 2013–2014 fiscal fiscal the2013–2014 At of year, thestart FACTOR launched Looking Ahead

-

- 11

FACTOR 2013–2014 12 FACTOR 2013–2014 departments. departments. across four professionals nineteen currently has FACTOR to FACTOR during ourfiscal year. (Intern) andCathyWisdom Waszczuk (Intern) for theircontributions Jacquelyn Brioux,Jessica George, Guillemet, Lorie TimJones, Andra FACTOR would like to thankformer staff Brent Bain, Our Staff

PROJECT COORDINATOR PROJECT Megan Jones SUPERVISOR JURY AND COORDINATOR PROJECT Christina Cassaro COORDINATOR PROJECT SENIOR Beth Hamill MANAGER FexAngela Client Services OFFICER RELATIONS HOLDER COMMUNICATIONS AND STAKE Siobhan Ozege Communications ADMINISTRATORCRM Danitza Nolasco OPERATIONS OF PRESIDENT VICE Outhit Allison Operations PRESIDENT Duncan McKie Our Staff

- ACCOUNTING MANAGER ACCOUNTING Marina Anianova Accounting COORDINATOR OFFICE Molly Shore OPERATIONS OF DIRECTOR Phil Gumbley PROJECT COORDINATOR PROJECT Angela Kozak COORDINATOR PROJECT Joshua Fourney COORDINATOR PROJECT SENIOR Erin Kiyonaga ASSISTANT MANAGER Eryka Nilsen client-service model. better FACTOR’s meet new created departments to 19 full-time staff in newly In 2013–2014, FACTOR had 4 19 PROJECT COORDINATOR PROJECT Derek Wilson COORDINATOR PROJECT Lindsey Van DeKeere COORDINATOR PROJECT Aurora Bangarth INITIATIVES – SPONSORSHIPS &COLLECTIVE COORDINATOR PROJECT SENIOR Tamara Dawit Departments staff Full-time 13

FACTOR 2013–2014 14 Our Board of Directors The FACTOR Board of Directors is comprised of a volunteer group CHAIR of 11 individuals Susan Wheeler Rogers Communications Inc. VP, Regulatory Affairs

FACTOR 2013–2014 FACTOR 6 members are from the music industry

TREASURER 5 Grant Dexter Lloyd Nishimura members are from CIMA Independent Music Rep Canada’s private radio President/CEO, President, broadcasters MapleCore Outside Music 8 seats on the Board are controlled by appointed members 3 seats are reserved for independently elected Stephen Carroll Chris Pandoff members. Recording Artist Rep CORUS Guitarist, President, The Weakerthans CORUS Radio Virgin 953 /Shore 104 Boom 97.3 /Flow 93.5 Director /Co-GM Group Brand Bell Media, Pro Tem Steve Parsons SRO|Anthem Manager, Artist MMF Meghan Symsyk &CraftsArts President, CIMA Jeffrey Remedios VICE-CHAIR Our of Board Directors Broadcast Group Broadcast Chairman, Jim Pattison Private Radio Rep Rick Arnish Regulatory Affairs Senior Counsel, Bell Media Inc., Lenore Gibson Nettwerk Music Group Publishing, VP, International A&R CMPA Mark Jowett SECRETARY remained an active the organization. He Stasiuk of Manitoba Music. currently held by Sara as required. This is seat leges and provide input do not have voting privil- Observers Observer. an as of the Board of Directors Board to attend meetings of the National Advisory provision for the Chairman able to new Board members. an historical memory avail - also ensured that there is has He guidance. ongoing providing experience and expertise his of individual honoured to have an and Staff of FACTOR are history and the Board of FACTOR throughout its supporter and builder founding Emeritus, Duff Roman, the FACTOR has aDirector Board rotation. adopted in 2007 to ensure terms. This by-law was amaximumserve of three on the Board and can to atwo year term to serve Board members are limited FACTOR also has a President of of President

has

15

FACTOR 2013–2014 16 About the Foundation FACTOR, the Foundation Assisting Canadian Talent on Rec- ordings, was founded in 1982 and is one of the most significant sources of financial assistance for the independent Canadian music industry.

As a private non-profit organization, FACTOR is dedicated to prov- iding assistance toward the growth and development of the Canadian music industry. The foundation administers contributions from private radio broadcasters as well as two components of the Department of Canadian Heritage’s Canada Music Fund. FACTOR has been managing federal funds since the inception of the Sound FACTOR 2013–2014 FACTOR Recording Development Program in 1986 (now known as the Canada Music Fund).

Support is provided to Canadian recording artists, songwriters, managers, labels, publishers, event producers and distributors through various programs, at various stages of their careers. Whether an artist is looking to record a demo, a full-length sound recording, market and promote an existing album, or showcase and tour domestically or interna- tionally, funding is available. FACTOR supports many facets of the infrastructure which must be in place in order for artists and music entrepreneurs to progress into the international arena. Canada has an abundance of talent competing nationally and internationally and FACTOR’s sponsors can be very proud that through their generous con- tributions they have made so many success stories.

FACTOR’s annual budget is derived from two sources: The Canada Music Fund, and Canada’s private radio broadcasters. For 25 years, we have administered federal government and privately-sourced funds. We are proud to be a part of a unique cultural initiative that is a model of public-private cooperation. Our Funding Partners 17 Canada Music Fund In 2013–14, FACTOR administered $8.5 million through two components:

New New Musical Works is a CollectiveCollective Initiatives (CI), 2013–2014 FACTOR component of the Canada provides financial Music Fund (CMF). It assistance for initiatives provides a broad range that develop, promote, Musicalof support to artists, Initiativesand showcase the broader record labels, artist man- Canadian music indus- agers, associations try through award shows, and other organizations. educational initiatives, international showcases, Works Funded by Canada = and tools for market- Music Fund. ing Canadian music on digital platforms. Funded by Canada = Music Fund.

In the 2014 budget, the government announced the renewal of the New Musical Works investment permanently. From 2015–2016, the Canada Music Fund ’s overall investment will be at the same current level, i.e. $24.61 million.

This brings the Canada Music Fund in line with other arts funding that the government has renewed on a permanent basis. 18 Our Funding Partners

In 2013–14, the majority of FACTOR’s budget came from contributions from Canada’s Private Radio Broadcasters (indicated as Radio ) totalling nearly $12 million. These are

FACTOR 2013–2014 FACTOR through two types of contributions:

CanadianCanadian Content Devel- TangibleTangible (transaction) opment (CCD), is part Benefits, as part of the of a long-running federal Commercial Radio Policy commitment to the requires that commercial Contentdevelopment and pro- (transradio -stations wishing to motion of Canadian purchase or acquire cultural products through broadcast assets must The Broadcasting Act. commit at least 6% DevelopThis requires that- all action)of the value of the trans- private commercial radio action to CCD. Of the broadcasters make a committed amount, financial contribution 1.5% must be directed to menttoward the development BenefitsFACTOR or Musicaction. of Canadian music for play Funded by on commercial airwaves. = Radio This requirement is administered by the Canadian Radio-Television and Communications Commission (CRTC). Funded by = Radio Our Funding Partners 19

The funds we receive from Radio contribute to most of the program budgets. In addition, FACTOR proudly offers four programs that are funded entirely through Canada’s

private radio broadcasters: 2013–2014 FACTOR The Spon- The Radio sorship Marketing Program Fund See Program Description See Program Description on page 56. on page 53.

Compre- M&P Non- hensive FACTOR Artist Funded See Program Description See Program Description on page 44. on page 51. 20 Contributing Radio Broadcasters

Contributors by Major City GTA* Thunder Bay London Windsor Calgary Edmonton Victoria Vancouver Winnipeg Saskatoon Ottawa

FACTOR 2013-2014 FACTOR Fredericton Charlottetown Halifax 0 3 6 9 12 15 18 Number of Contributors *GTA refers to the Greater Toronto Area, which includes the city of Toronto as well as Ajax, Oshawa, Burlington, and Newmarket.

Contributors Across Canada This visualization represents radio broadcasters in Ca- nada who paid the basic CCD contribution to FACTOR in 2013-2014. Please note: the mandatory basic CCD contribution is calculated for English-language licensees whose total revenues exceed $1,250,000. This excludes any Tangible Benefits contribution, or Over and Above contributions. Contributing Radio Broadcasters 21

Stations by Broadcast Owner Blackburn Corus Bell Media Harvard Jim Pattison Maritime Newcap Rogers Vista Rawlco Golden West

Larche 2013-2014 FACTOR Fabmar My Broadcasting Acadia Evanov Independent Satellite 0 10 20 30 40 50 60 70 80 Number of Stations This visualization does not include the following satellite radio broacasters: Sirius Canada Inc, Canadian Satellite Group Inc and Stingray Digital Group. 22 Financial Results

2013 – 2014 Revenue $20,444,536

Canada’s Private Radio Broadcasters Canada Music Fund $11,943,935 $8,500,601

FACTOR 2013–2014 FACTOR 2013 – 2014 Expenditures $17,621,402

Administrative Expenses Loans and Awards $1,939,828 $15,681,574

2012 – 2013 Revenue $19,543,284

2013 Revenue $19,543,284 2012 – 2013 Expenditures $16,538,687

Administrative Expenses Loans and Awards $1,738,532 $14,800,155 Financial Results 23 On March $8,500,601 In contributions from the Department of Canadian Heritage through the Canada31st Music Fund 2014 $11,943,935

In contributions from Canada’s Private 2013–2014 FACTOR RadioFACTOR Broadcasters had $404,521$9,004,341 In loan repayments in outstanding $16,591,476 Projects must be allowed to be completed in their Offered in loans and grants own time. Imposing artificial deadlines on the completion of projects would certainly commitmentshave an adverse effect on project results. FACTOR has adapted its funding $15,681,574 administration to support current industry practices Paid out in loans and grants by utilizing a blended funding to approvedmodel that adheres to Treasury Board regulations while not interfering with production and market roll-out. On March 31st 2014 $378,216 FACTOR had $9,004,341 in outstanding commitments Paid out to Regional Affiliates projects to approved projects.

Message From2 the Chair Message6 From the President Looking10 Ahead

Our Staff 12 Our Board14 of Directors About the16 Foundation

Our Funding 17 Partners Contributing20 Radio Broadcasters Financial22 Results

Table of Contents25 Juries 26 Jurors 27by Province

Applications 30 Approved By Province F unding31 Offered By Province Applications32 Approved By Genre

Funding Offered33 By Genre Overview34 of Funding Success39 Stories

Program Initiatives44 Sponsorships57 per Province Collective59 Initiatives

In the Community 64 Awards 66 PWC73 Report Contents 26 Juries FACTOR relies on the participation of members of the Canadian music scene to help assess and fund projects through FACTOR’s Demo Program and Juried Sound Recording Program.

FACTOR jurors are volunteer mem- Our jurors include artists, producers, artist bers of the Canadian Music Industry. Their managers, agents, promoters, record labels, knowledge, expertise, and ability to interpret publishers, publicists, radio DJs, etc. Jurors the current music landscape in Canada are recruited and trained in conjunction makes them qualified to help FACTOR decide with regional representatives across the country. which applications are best suited for funding. FACTOR jurors are valued for their experience Juried assessments draw on the range and and areas of specialty, including genres, diversity of the Canadian Music Industry and help FACTOR funding reach every corner FACTOR 2013–2014 FACTOR industry, and artistic and professional focus. of Canada, across a spectrum of genres. We believe that peer evaluation ensures a fair and transparent process and promotes appro- priate representation for all provinces and musical genres. Who Is How Interested in becoming a juror? Visit Eligible Do thewww.factor.ca/getinvolved/becomeajuror

to beMusic aindustry professionals JuriesJuries are held three times a system at their own conve- are eligible to become year, after the Deadlines nience and participate in our accredited jurors if: for the Demo and Juried review process. 1. They are a Canadian Sound Recording programs. Jurors are responsible Juror?Citizen or a Permanent Work?Jurors can participate in for listening to the assess- Resident as many juries as they like, ment tracks and reviewing 2. They have a minimum provided there exists no the support material, scoring of five years of music potential conflict of interest, the submission, providing industry experience, and and the Juror is sufficiently objective and constructive have been active in familiar with the genre comments, and making the industry within the and geographical region of a recommendation for or last two years. the application. against the funding of Our remote, online system a specific project. enables jurors across the country to log in to our Number of Jurors by Province 27

6 68 51 Yukon British Columbia Alberta 6 jurors 68 jurors 51 jurors

27 61 197 Saskatchewan Manitoba Ontario 27 jurors 61 jurors 197 jurors FACTOR 2013-2014 FACTOR

43 10 13 Québec Newfoundland New Brunswick 43 jurors and Labrador 13 jurors 10 jurors

Juror Quantities 17 31 20 Jurors 10 Jurors Prince Edward Island Nova Scotia 5 Jurors 17 jurors 31 jurors 28 FACTOR 2013–2014 Alyssa Delbaere-Sawchuk Brenda Lee Katerenchuk Lee Brenda Ariane Mahryke Lemire Mahryke Ariane Barbara Chamberlain Amanda Schweers Anne-Marie Smith Andrew Yankiwski Anthony Farrauto Andrea MacNevinAndrea Amanda Gregoire Amanda Martinez Brian HethermanBrian Bernard Cormier Amanda Langton Amanda Arun Chaturvedi Bryan ColumbusBryan Bruno Fruscalzo Adam Hurstfield Aaron Schubert Aaron Bucky Driedger Bucky Bonnie Mcgrew Bryce Seefieldt Bryce Blaine Johnson Aaron Saloman Aaron Aaron Bethune Bruce Leperre Bruce Amie Therrien Amie Bill Borgwardt Alison Whelan Alanna Stuart Anita Maiezza Bert Johnson Bert Amalia Nickel Andy Crosbie Allan Mamaril Blake Gabriel Blake Angela Harris Angela Brett Greene Brett Ash MacLeod Andrew Gillis Angie Nussey Angie Ben Harrison Amanda Putz Ashwin Sood Alex Douglas Adam Kreeft Allison Kwan Ben Graham Bruce MorelBruce Adam Gould Adam Brent Oliver Ava Kibalian Ava Aaron Little Blair Patton Blair Beth MooreBeth Alysha Main Aimee Ross Aimee Allan Walsh Adam Leon Adam Aaron Levy Aaron Brian Read Brian Alan Cross Brent Bain Brian ToyeBrian Aimee Hill Aimee Art Szabo Art List of Jurors of List Alphabetical MB ON ON BC PEI MB ON SK ON ON AB ON YT BC ON ON ON AB ON MB NB ON ON YT ON BC NS ON ON AB AB ON QC ON BC ON MB BC NS ON BC ON ON ON AB BC ON ON AB ON ON SK PEI ON ON ON AB ON ON BC NB BC QC ON BC BC Cathleen Lesperance Cathleen Charlotte Cornfield Charlotte Cathleen McMahon Cathleen Christopher White Christopher Deb Beaton-SmithDeb Curtis MacDonald Curtis Chris Roumbanis Chris Christian Gallant Caroline Whalen Charlie Andrews Christian Aldred Christian Aldred Christine FraserChristine Crissi Cochrane Crissi Curtis NowosadCurtis Cameron Noyes David Miskimins David Dawn Woroniuk Dawn Deborah Aitken Deborah Charles Morgan Denis Arsenault Charles Hansen Derek DiFilippoDerek Chris Wardman Christian Hurst Daniel Mekinda Chris McKhool Chris Colette Chand Colette Candace Elder Candace Candace Shaw Candace Charles Hsuen Dan Sheinberg Casey NormanCasey Clinton Carew Craig Boychuk Clayton Drake Clayton Cindy McLeod David YazbeckDavid Carla McEwen Conrad Gryba Gryba Conrad Cori Brewster Cori Chris Graham Chris Chris Hiebert Chris David Rashed David Craig HudsonCraig Chris Hannah Darwin Baker Darwin Cassin Elliott Cathy Porter Cathy Craig Cardiff Chris McKee Chris Colin McKay Dale Penner Dale Chris Wares Dave Moore Dave Carolyn Mill Carolyn Chris Morin Cheryl Link Cheryl Dean Stairs Cat Jahnke Cat Dave Blake Derek BrinDerek David Aide Dan Hawie Dan David Cox David Dan Ball Darlene BC SK MB BC MB BC NL SK ON AB AB BC ON NB SK BC NL SK ON PEI ON ON AB NS QC MB ON ON BC ON BC MB MB AB ON BC ON MB AB BC NS BC AB ON AB ON BC ON PEI BC QC ON PEI SK ON ON MB MB ON ON ON ON ON NS PEI NS Eileen Joyce Harvey Joyce Eileen George Diakoloukas George Dylan Kell-Kirkman Dustin Hawthorne Janesta Boudreau Gardiner MacNeill Dinah Desrochers Irma MacPherson Flo Oramasionwu Heather Gardner Heather Donovan Morgan Dylan Hermiston Dylan Georges CoulingGeorges Frank Chartrand Frank Gerald Coleman Gerald Gourmet Delice Gourmet Doug RomanowDoug Elizabeth Curry George RadutuGeorge Fawwaz Alladin Evelyne DrouinEvelyne Heather Crane Heather Greg McIntosh Don ChapmanDon Glen Erickson Duane GibsonDuane Ian Sherwood Devin Latimer Dylan WillowsDylan Jacinthe Pare Erin Kinghorn Gene Browne Gene Gerry Hebert Gerry Heather KellyHeather Devi EkanandDevi Glen Strickey Florian Maier Florian Eddie Birkett Evelyne Cote Evelyne Derek MasonDerek Glen Willows Jake Hiebert Ewa Dembek Fawn Fritzen Gillian Hillier Gillian Gerald ReillyGerald Glen Deveau James Ahola James Gino Olivieri Dwayne Ellis Glenn Pardy James Steel Eric WarnerEric Grant Paley Erin Carroll Eric TessierEric Don Amero Don Ian Gosbee Evan Tighe Doug KussDoug Diane Foy Diane Doug Cox Doug Eli Wener Erin Ross Erin Ian Boyd Eli Klein NS NB ON ON QC AB NS NS ON ON ON ON ON MB QC NL BC PEI AB NB QC NS AB SK NL BC ON ON NL PEI ON MB MB ON YT YT QC QC QC QC ON ON ON SK SK BC ON NS MB BC QC MB NS QC ON ON AB BC PEI AB MB BC ON MB ON BC Joseph Peloquin-HopfnerJoseph Jean-Paul De RooverJean-Paul De Jewls Burke-Gaffney Jennyfer Brickenden Jennyfer Jean-Philippe Lavoie Jon-Rhys Evenchick Josee Vaillancourt Josee Jonathan Marshall John A.Sorensen Jeanette Stewart Jeanette John Paul Peters Jim Montgomery Jessica Charlton Jason Wellwood Jonathan Bunce Jennifer Temple Jennifer Hyland Jason MacIsaac Jordan Howard Jordan Jerry Pergolesi Jerry John Sorensen John Jesse Steaman Jesse Jason RouleauJason Jonathan Seet Jenn Sookdeo Jenn Jean-Guy Roy Jason Hooper John Dunham Johnny Oliver Jason Troock Jessica David Jeff PresslaffJeff Jordan Safer Jordan Jessica Buck JC Campbell JC John Shields Jesse Weeks John Phillips John John Kendle Jason Mingo Jennifer Fox Jinting Zhao Jon Bartlett Jason Smith John Parker John Clarke John John Fettes Josh Hogan Jeff RogersJeff Jodie Borle Jen TempleJen Jen RogersJen Josh Keller Jen Zoratti Jim Gelcer Jen Clarke Jen Joelle May Jason Otis Jill Wilson Jon Weisz Jay Tooke Jay Jim Differ Jay Watts Joe OlivaJoe Joe Cruz Joe Jay Case ON NL MB MB SK NL ON QC ON PEI BC NS AB NL BC ON ON ON BC MB ON NS MB MB ON ON ON AB ON ON MB MB ON AB BC ON MB ON ON ON NS BC ON ON BC ON NS ON ON ON ON MB ON ON BC QC ON AB MB SK MB BC NS MB NS NS Marie-Josée Dandeneau Marie-Josée Kristina Gasparic-Block Marie TreasaMarie Levasseur Marie-Laure Saidani Manuela Wuthrich Wuthrich Manuela Margaret Dinsdale Lanny Williamson Katherine MollerKatherine Louise Campbell Louise Kodi Hutchinson Kodi Lorraine Lawson Kennedy JensonKennedy Lea ArngrimsonLea Kirby Ramparts Kristy CardinaliKristy Kate Matthews Lindsey Walker Les HendersonLes Kathrine WeissKathrine Kaley Beisiegel Lexani Llaguno Marc Nadjiwan Lynn Johnston Kathy Conway Karl Schwonik Krista Holmes Krista Kyle Brenders Lisa Saunders Malcolm Levy Keith Whiting Katie MurphyKatie Justin Tracey Krisjan Leslie Kenny Huynh Luis Cardona Luis Keziah Myers Kenya Kondo Kenya Kinsey Posen Mark Watson Kim Bingham Krys TennantKrys Lenny Levine Marc Donato Kyria Kilakos Kyria Kelly Jerrott Leah HunterLeah Keri Latimer Liam Killeen Liam Laura Oakie Kat DornianKat Kate Wattie Maggie TateMaggie Kali Malinka Kali Laura Bates Kate Davies Lloyd Doyle Lloyd Kate Ferris Mar Sellars Kevin Lynn Julia Chan Julia Lulu Healy Lulu Kim Ruger Kyle Kraft Lee Mizzi Lee Lisa Ross Lee ParkLee ON QC MB ON ON ON ON ON AB BC AB ON NS MB QC ON PEI MB YT AB ON BC ON QC QC ON ON SK PEI ON AB QC BC ON MB ON SK ON NL AB AB MB AB QC ON ON MB AB MB AB AB ON MB NL ON NB BC SK MB ON AB AB BC AB NS QC Michel Durand-Wood Michael Greenwood Mary EllenMary Gillespie Patrick BaillargeonPatrick Nicholas Williams Melanie Laquerre Matthew Hiscock Matthew Maryanne GibsonMaryanne Maxwell Kennedy Mike Southworth Mike Melissa Kaminsky Melissa Marty Ballentyne Marty Miles Holmwood Michael Gorman Megan Bradfield Maureen Prairie Maureen Natasha Duprey Natasha Natalia Yanchak Yanchak Natalia Matthew Fisher Matthew Michael Greggs Melissa Spence Melissa Spence Nigel Berringer Michael NowakMichael Michael Wilson Michael Matthew Large Matthew Maxwell Roach Michel BelleauMichel Nick Schofield Mitchell Webb Michael Burke Melanie Stone Melanie Matt Gauthier Matt Patricia Pavey Patricia Matthew Fava Matthew Meghan Scott Patricia Silver Patricia Oswald Burke Mickey Quase Nathan Jones Nathan Nathan Down Nathan Mishelle Pack Michael Elves Nancy Marley Murray Munn Murray Pat CarrabrePat Mike Renaud Nicole Leger Nicole Moriah GillisMoriah Michael Falk Michael Mike Tanner Natasha Jay Mike Cashin Mike Paddy Tutty Myke Bulley Mike Magee Neil Bergen Pamela RozPamela Michie Mee Nick Dugas Matt Lewis Matt Martin Bak Martin Matt Davis Matt Mira Black Mira Ozan Boz Matt Foy Matt Nils Ling QC ON SK MB MB SK ON ON PEI BC BC QC NS ON SK NB AB BC BC QC QC NS YT NS AB ON MB ON ON BC ON QC BC NS ON MB QC ON BC ON ON ON MB MB BC MB MB NS ON NS BC ON ON ON QC QC ON ON ON ON ON ON AB ON AB ON Sebastien BlanchardSebastien Richard Fernandes Rhonda Thompson Rhonda Promise Shepherd Promise Scott Honsberger Scott Rowan Fitzgerald Ryhna Thompson Peter Carruthers Peter Paula Danylevich Richard Hornsby Serge SloimovitsSerge Scott Merrifield Scott Peter Linseman Peter Serge Sargento Serge Richard Liukko Peter Richards Peter Richard Korbyl Richard Pedro Barbosa Pedro Réa Beaumont Scott Johnson Scott Ricardo Lopez Sam SteinbergSam Paul Johnston Serge Samson Serge Ralph Alfonso Robert DiVito Robert Robert Wood Rhonda Head Rhonda Rich Stenson Rich Paul Sarrazin Robert Davis Shane Heath Paul Goguen Scott Brown Scott Ryan Mennie Ryan Rob Maguire Sarah NorrisSarah Ruth Blakely Renata Mills Randy Stark Rick FentonRick Rhea March March Rhea Sean Perras Sean Peter Learn Learn Peter Paul Hessey Romi Mayes Rick AugustRick Rob Teehan Paul Leclair Sara Parker Sara Rick Garvin Rick Ron Rogers Ron Paul Shatto Real Martin Sally Norris Rosina Kazi Rob Pattee Rob Ryan Nolan Ryan Paul Galati Ray Martin Sam Smith Sam Peter Katz Peter Rob Szabo Rob Smith Rik Reese Ron Korb ON ON ON NS QC ON ON BC ON NS ON AB QC MB ON QC ON BC AB PEI ON ON ON MB BC ON ON ON ON AB BC SK NB AB MB SK AB AB NB ON AB MB MB MB AB BC MB ON MB ON QC ON PEI ON ON ON BC QC ON BC BC ON QC ON NB QC Spencer MussellamSpencer Victoria Shepherd Victoria Stephane MorailleStephane Shannon Luttmer Shea Malcolmson Shea Vince Maccarone Vince Wayne Cochrane Wayne Veronica Johnny Steve McGonigle Steve Steve Fernandez Shaynee Modien Shaynee Thomas Quinlan Taron Cochrane Stefano Galante Stephen Palmer Stephen Shawna Cooper Stephen HignellStephen Stefan Babcock Tim VanTim Ven De Shauna Powers Trystan MeyersTrystan Shawn Burgess Victor Guidera Victor Tom Cochrane Zachary Lober Zachary Shawn Bostick Shelley Wright Tricky Moreira Shannon Pratt Vanessa Azzoli Shena Yoshida Shena Vince Aquilina Vince William Petrie Valley Hennell Victor MijaresVictor Steven Naylor Steven Shawn Dealey Steven FosterSteven Shawna Caspi Walle Larsson Stu AndersonStu Sue Urquhart Terry Whalen Simon Jutras Steve Kravac Tim Des Islet Des Tim Tom McKillip Wanda Milne Steven Taetz Terry Parker Susan Busse Vic DesnalisVic Steve Dodd Tim Bruton Tim Troy Bynoe Vel Omazic Tony Vieira Tina JonesTina Tim FraserTim Terry Tran Tim Jones Tim Shea Dahl Shea 29 ON ON ON ON BC QC ON SK QC ON ON NS ON ON SK ON ON BC BC QC ON MB BC ON ON BC AB SK ON ON ON ON ON AB MB QC NB NS QC AB NB SK SK MB ON ON PEI ON BC QC ON BC SK ON ON MB ON NB PEI BC MB SK

FACTOR 2013–2014 30 Applications Approved By Region (%)

Applications Submitted and Approved by Province Alberta British Columbia Apps Submitted Manitoba Apps Approved New Brunswick Newfoundland and Labrador NWT & Nunavut Nova Scotia Ontario Prince Edward Island Quebec Saskatchewan Yukon Other

2400 1000 800 600 400 200 0

Ontario is offered 51% of dollars approved based on 52% of applications.

FACTOR 2013-2014 FACTOR The “west” gets 24% based on 27% of applications.

Québec gets 16% based on 14% of applications.

The “east” gets 8% based on 7% of applications.

2012-2013 Region (by Projects 2013-2014 Applications Approved by Region (%) Approved in 2013-2014)

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

% approved / received Ontario 51.6% 1037/2007

West 55.3% 572/1033

Québec 51.3% 273/532

East 64.5% 167/259

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Funding Offered By Region (%) 31

Due to the disproportionate population and therefore part- icipation data between Ontario, Québec, and the rest of Canada the data has been consolidated into four categories: Ontario, West, Québec, and East. The data has been further normalized into percentages to enable clearer reading.

Applications Approved by Region (%)

The percentage values that appear in Applications Approved by Region are calculated by dividing the number of approved applications by the number received.

Funding Offered by Region (% of yearly total)

The percentage values that appear in Funding Offered by Region are calculated by dividing the amount offered per region by the combined amounts offered across all regions. FACTOR 2013-2014 FACTOR

2012-2013 Region (by Amount 2013-2014 Funding Offered by Region (% of yearly total) Offered in 2013-2014)

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

$ offered Ontario $8,399,537

West $4,036,300

Québec $2,674,917

East $1,277,785

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 32 Applications Approved By Genre (%) 2012-2013 Genre (by Projects 2013-2014 Applications Approved by Genre (%) Approved in 2013-2014)

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Sub. Appr. % Folk 400 228 57.0%

Rock 504 215 42.7%

Alternative 383 188 49.1%

Popular 461 174 37.7%

Hip Hop 252 118 46.8%

Country 214 101 47.2%

Roots 120 62 51.7%

Electronica 123 52 42.3%

Jazz 101 48 47.5%

Adult Contemporary 101 42 41.6%

Punk 57 32 56.1%

Blues FACTOR 2013-2014 FACTOR 54 30 55.6%

Soul/R&B 94 24 25.5%

Classical 34 23 67.6%

Hard Rock 41 22 53.7%

World 50 18 36.0%

Experimental 36 13 36.1%

Heavy Metal 25 10 40.0%

Traditional 13 9 69.2%

Specialized 22 7 31.8%

Urban 16 7 43.8%

Dance 32 6 18.8%

Aboriginal 9 5 55.6%

Children’s 11 5 45.5%

Christian Rock 14 4 28.6%

Reggae 17 3 17.6%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Funding Offered By Genre (%) 33 2012-2013 Genre (by Amount 2013-2014 Funding Offered by Genre (%) Offered in 2013-2014)

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

$ offered Rock $1,713,502

Alternative $1,586,722

Folk $1,516,102

Popular $1,501,066

Hip Hop $1,186,302

Country $943,766

Roots $692,482

Electronica $478,895

Jazz $404,644

Punk $369,933

Hard Rock $340,080

Adult Contemporary $309,936

Classical $308,052

Soul / R&B $292,625

Blues $246,017

Heavy Metal $150,364

Experimental $107,193

World $80,426

Traditional $66,956

Reggae $54,157

Christian Rock $47,240

Specialized $42,765

Children’s $39,931

Urban $39,035

Aboriginal $31,507

Dance $17,500

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 34 Overview of Funding In 2013-14 FACTOR received 5,183 applications to its various components, of which 2,334 were successful. In total, FACTOR offered $16,591,475 in funding to the Canadian independent music industry.

In 2013-2014, FACTOR launched a new suite of programs along with a new online application process. The new process was designed to allow flexibility for FACTOR clients and their projects. Each Project is broken down into one or more Component. A Compo- nent covers an activity such as a sound recording or tour. All Components are housed within one Project, with one project number and max- imum funding amount. Many programs allow clients to add new Components after their initial application date. This allows clients the option to scale their plans up or down based on the initial successes and failures of the project. It encourages flexible and responsible investment, and maximizes each project’s potential. Previously, new activities each re- quired new Project applications. There were additional restrictions, and the approval/ Phil Gumbley, review process took longer. Director of Operations

As a result of all the changes we undertook in the last year, we have changed the way we are presenting this data to you in our Annual Report. We have grouped funding by Compo- nent types. In some cases, this funding is from more than one program. For more detail see pages 71-72. Components Include 35 $4,206,012 $3,839,182

Sound…for Sound Recordings, Live…for Per Live Performance,- funded funded through our Songwr- through our Live Perfor- iter’s Workshop, Demo, mance, Juried Sound Record- Juried Sound Recordings, ing, Comprehensive Artist, RecordingsComprehensive Artist formanceComprehensive Music Company, and Comprehensive Music Marketing and Promotion for Company programs; Non-FACTOR -funded Sound Recordings and Marketing and Promotion for FACTOR-funded Sound Recordings programs; $3,770,260 $770,923

Marketing…for Marketing, funded through Video…for Video, funded through our Juried Sound Recording, our Video, Juried Sound Comprehensive Artist, Compre- Recording, Comprehensive hensive Music Company, Artist, Comprehensive Music Radio Marketing Fund, Marketing Company, Marketing and and Promotion for Non-FACTOR Promotion for Non-FACTOR- -funded Sound Recordings funded Sound Recordings and Marketing and Promotion and Marketing and Promo- for FACTOR-funded Sound tion for FACTOR-funded Recordings programs; Sound Recordings programs; $1,262,336 $477,300

Industry…in Industry Support, funded Sponsor- through our Business Development and Business SupportTravel programs; ships

$2,265,463 Collective Initiatives 36 FACTOR 2013-2014 621 Approved Recordings Sound

Demo Juried Sound Songwriter’s Workshop Comprehensive Artist Comprehensive Recording Support Music Company Components Approved 0 –24 25 –49 50 –74 75 –99 100 124 – 125+

325 Approved Tour Support Live Performances: Same Program

Marketing & Promotion Marketing & Promotion FFSR Comprehensive Artist Comprehensive Live Juried Sound non-FFSR Music Company Performance Recording Same Project Same

379 Showcase Live Performances:

Approved Live Marketing & Promotion FFSR Comprehensive Artist Comprehensive Juried Sound Performance Music Company Recording

248 Approved Marketing

Radio Marketing Marketing & Promotion Marketing & Promotion FFSR Comprehensive Artist Comprehensive Juried Sound Fund non-FFSR Music Company Recording Project Overview –Applications

103 Approved Video

Marketing & Promotion FFSR Video Marketing & Promotion Comprehensive Artist Comprehensive Juried Sound non-FFSR Music Company Recording 73 Approved Sponsorships 75 Approved Initiatives Collective

Showcase Production Official Language Industry Digital for Export Heady Artists Minority Events Marketing Communities

510 Approved Support Industry

Business Business Development Travel

Project Overview – Funding 37 Sound Recordings Live Performances: Live Performances: Marketing Video Collective Industry Support $4,206,012.35 Tour Support Showcase $3,770,259.54 $770,923.14 Initiatives $1,262,336.10 $3,311,267.20 $527,914.99 $2,265,462.50

Juried Sound Juried Sound Juried Sound Digital Business Recording Recording Recording Marketing Development

Juried Sound Juried Sound Recording Recording

Demo Live Performance Live Performance Radio Marketing Fund Video Industry Events Business Travel

Comprehensive Music Comprehensive Music Comprehensive Music Comprehensive Music Comprehensive Music Official Language Company Company Company Company Company Minority Communities

FACTOR 2013-2014 FACTOR

Comprehensive Artist Comprehensive Artist Comprehensive Artist Comprehensive Artist Comprehensive Artist Showcase Production for Export Ready Artists

Sponsorships Songwriter’s Workshop Marketing & Promotion FFSR Marketing & Promotion FFSR Marketing & Promotion FFSR Marketing & Promotion FFSR Support $477,300.00

Marketing & Promotion Marketing & Promotion Marketing & Promotion Amount non-FFSR non-FFSR non-FFSR Offered

1MIL+

850K – 1MIL

600K – 850K

350K – 600K

Same Project Same Program 100K – 350K

0 – 100K 38 Success Stories

Basia Female Artist of the Year Bulat Indie Awards 2014

It has been an exciting year for Basia. She released her third album, Tall Tall Shadow. This FACTOR-funded album re- ceived great critical review and even saw Basia immortalized in a New Yorker illustration. She performed a Daniel Lanois song, “Shine”, on the occasion of the Governor General’s Performing Arts Awards in Ottawa. She has toured Europe, US and Canada several times including headlining dates and also sup- porting Jim James (My Morning Jacket) and The Head and the Heart. A personal high- light included singing Graham Parsons’ song, “Hickory Wind”, live with Emmy Lou Harris at a summer festival. Tall Tall Shadow went on to receive a Juno nomination for Adult Alterna- tive Album of the Year alongside Hayden, AC Newman, The Sadies and Ron Sexsmith. Photo: Caroline Desilets Caroline Photo: Success Stories 39 Best Children’s Jennifer Album Gasoi Grammy Awards 2014

Since moving from Vancouver to Montreal, Jennifer Gasoi has established her- self as a powerhouse children’s entertainer in the province. She creates upbeat, intelligent and jazz-inspired tunes that have garnered serious attention in her genre. She is a two- time JUNO nominated singer/songwriter. This year, her FACTOR-funded release Throw a Penny in the Wishing Well won the 2014 Grammy for Best Children’s Album. This is the first time this award has been awarded to a FACTOR-funded artist. 2013–2014 FACTOR Congratulations Jennifer! The Darcys

Thanks in part to the continued support of FACTOR, 2013/2014 has rep- resented a very successful period for Toronto art rock quartet The Darcys. During that time, the band enjoyed international critical acclaim around the Arts & Crafts release of studio opus Warring, delivering key perfor- mances at Halifax Pop Explosion and CMJ. The band embarked on a 2014 North American tour that included a performance at SXSW and was honoured with a nomination for Alternative Album of the Year at the 2014 JUNO Awards. 40 Success Stories Alternative July Talk Artist or Group July Talk may be a relatively new group, but in 2013–14, they were undeni- ably one of Canada’s acts to watch. Their of the Year Indie Awards FACTOR-funded self-titled debut album has blown up the rock charts with their single “Guns + Ammunition.” They were nominated for a Juno Award for the FACTOR/Radio StarMaker Breakthrough Group of the Year,

and won Alternative Artist/Group or Duo Snaden Ty Photo: of the Year at the 2014 Indie Awards. July Talk has quickly built a reputation for themselves with their brand of rock & roll that’s both boldly intimate and wildly confrontational. In the same breath they are both hot-tempered and tender, reckless and poetic. After touring FACTOR 2013–2014 FACTOR with Canadian icons like Matt Mays, Arkells and Sam Roberts, the band is now easily selling out back-to-back shows in Toronto and touring the U.S., U.K. and Europe. Mia Martina Mia Martina is truly a success story in every sense. She went from being CP Records’ intern to having a double plat- inum debut single! She knows the business inside and out, and we believe that has contributed to her success this year, including nominations at the MMVAs, JUNO Awards and Indie Awards. She has had 4 consecutive Top 10 singles in Top 40 radio for her FACTOR- funded E.P., which includes the Top 10 Billboard hit, “Danse” ft. Dev. Success Stories 41 Sennheiser Serena Chart Topper Award Ryder Canadian Radio Music Awards

This has been an incredible year for Serena Ryder. After the sales of her FACTOR-funded album Harmony went platinum, she swept the JUNO Awards as their host, and winning Artist of the Year and Songwriter of the Year. She has toured Dewilde Autumn Photo: all over the world, and dominated the radio charts. Her singles “What I Wouldn’t Do” and “Stompa” have gone double and triple platinum, respectively. Her music has been featured on American Idol, Grey’s Anatomy and The Voice, among others. 2013–2014 FACTOR What a powerhouse!

Artist of the Year JUNO Awards

Songwriter of the Year JUNO Awards 42 Success Stories Austra

Toronto’s Austra released their last studio album Olympia in 2013 to international acclaim. Olympia is an album of transforma- tion; it presents a quantum evolution in the Toronto-based band’s sound, structure and Young Kate Photo: style. It is also the first confessional record for the principal songwriter/vocalist, Katie Stelmanis, whose heartfelt lyrics touch on a range of sentiments that stem from a relationship ending, a relationship beginning, and friends’ struggles with addiction and motivation. Austra have toured the world relentlessly since the album’s release with stops at some of the planet’s finest festivals including: Coachella, Ottawa Blues Festival FACTOR 2013–2014 FACTOR and Sasquatch Festival. The band will release a brand new EP Habitat this summer. Thousand Foot Krutch

Thousand Foot Krutch have had an incredible year coming off their FACTOR- funded release The End is Where We Begin. The band took a brave step by regaining their DIY ethos and self-releasing this record, and it has paid off in spades. Thanks to their dedicated fans, and national radio play, the album has sold so many copies that the band was actually able to repay their FACTOR loan on their first try, which almost never happens! Congrats! Success Stories 43 Classified

Classified has been making music since 1995, but it is the release of his 2013 FACTOR-funded self-titled album that has garnered him massive international attention. His single off the album, “Inner Ninja” is four-time platinum certified, leading to nom- inations at the ECMAs, MMVAs, and JUNO Awards. This year, he hosted the Juno Awards alongside fellow FACTOR-funded artist Serena Ryder, where he won Best Rap Single of the Year. His FACTOR-funded album is certified gold and has sold 600,000 singles. FACTOR 2013–2014 FACTOR Hip Hop Recording of the Year East Coast Music Awards

Collaboration of the Year Indie Awards 44 Program Descriptions $1,384,521 Comprehensiveoffered 7 73 provinces/ components Artist territories approved

Program supports the program

FACTOR introduced the Compre- hensive Artist Program in 2013-2014. The The Comprehensive Artist This year, FACTOR approved Comprehensive Artist Program is composed Program receives funding 73 components to the of five unique Components: Sound Recording, exclusively from Canada’s Comprehensive Artist Pro- Private Radio Broadcasters. gram, offering $1,384,521 Marketing, Showcase, Tour Support, and Video. to support Artists in 7 Through this Program, FACTOR funds a provinces/territories. This included the production portion of the cost of recording or acquiring of 41 new Sound Recordings. FACTOR 2013-2014 FACTOR a new Sound Recording, and assists with the cost of releasing, marketing, and promoting that Sound Recording. The Comprehensive Artist Program is tailored to Artists with demonstrated commercial success (rated 3 or higher) and Canadian Record Labels.

Amount Requested / Offered ($)

Sound Recording

Marketing

Showcase

Tour Support

Video 0 300,000 600,000 900,000 1,200,000 1,500,000 Components Submitted / Approved

Sound Recording

Marketing

Showcase

Tour Support

Video 0 10 20 30 40 50 Program Descriptions 45 $1,617,576 Comprehensiveoffered 58 126 sound components Music Companyrecordings approved

Program supports the program

The Comprehensive Music Com- pany Program offers funding to help Canadian The Comprehensive Music FACTOR approved 126 Music Companies subsidize the production Company Program is components to the or acquisition, marketing, and promotion of supported by funding from Comprehensive Music Canada’s Private Radio Program across all five a new, unreleased full-length sound recording. Broadcasters and the New Components. In total, Under the Comprehensive Music Company Musical Works Component FACTOR offered funding of the Department of Heri- for the acquisition and Program, eligible Canadian Record Labels can tage’s Canada Music Fund. licensing of 58 previously apply to five Components: Sound Recording, unreleased Sound 2013-2014 FACTOR Recordings by Canadian Marketing, Showcase, Tour Support, and Video. Music Companies.

Amount Requested / Offered ($)

Sound Recording

Marketing

Showcase

Tour Support

Video 0 300,000 600,000 900,000 1,200,000 1,500,000 Components Submitted / Approved

Sound Recording

Marketing

Showcase

Tour Support

Video 0 10 20 30 40 50 60 70 80 46 Program Descriptions $562,992 Business offered 8 69 provinces/ projects Developmentterritories approved

Program supports the program

The Business Development Program offers funding support to Canadian Music Funding for the Business This year, FACTOR funded Companies for non-artist-specific infrastruc- Development Program is 69 Business Development ture costs and brand development. Funding provided by Canada’s Private applications, offering Radio Broadcasters and $562,992 to assist Cana- provided under the Business Development by the Department of dian Music Companies Program supports corporate development Canadian Heritage through in financing a wide range the New Musical Works of initiatives across 7 prov- activities such as increasing web and Component of the Canada inces and 1 territory. FACTOR 2013-2014 FACTOR social media outreach and strengthening Music Fund. brand image domestically and globally.

Amount Requested / Offered ($) Business Development 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 Projects Submitted / Approved Business Development 0 10 20 30 40 50 60 70 80 Program Descriptions 47 $699,343 Business offered 8 441 provinces/ components Travel territories approved

Program supports the program

The Business Travel Program sup- ports Canadian Music Companies by assisting Funding for the Business This year, FACTOR funded with the cost of domestic and international Travel Program is provided 441 components for business travel to industry events, in addition by Canada’s Private Radio Business Travel. These funds Broadcasters and by allowed Music Companies to costs associated with such events (such as the Department of Canadian from 7 provinces and 1 promotional materials and activities connected Heritage through the New territory to travel to over Musical Works Component 55 music festivals, show- to event attendance). of the Canada Music Fund. cases, conferences,

and awards galas. It also 2013-2014 FACTOR supported marketing and business-related trips throughout Canada, the United States, Europe, Asia, and Australia. In total, FACTOR offered $699,343 in Business Travel funding.

Amount Requested / Offered ($) Business Travel 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 Components Submitted / Approved Business Travel 0 100 200 300 400 500 600 48 Program Descriptions $492,211 Demo offered 11 330 provinces/ Demo Sound Program territories Recordings

The Demo Program subsidizes the production of a high-quality, professional sound recording that may be used as a supports the program demo, or released commercially as an EP. The Demo Program is one of two juried sound recording programs offered by FACTOR. All Funding for Demo Program The Demo Program is successful applications to the Demo Program is provided by Canada’s one of FACTOR’s most are reviewed and assessed by a jury of leading Private Radio Broadcasters popular programs. In and by the Department of 2013-14 FACTOR received Canadian music industry professionals, Canadian Heritage through 913 applications. FACTOR who make funding recommendations to the New Musical Works funded a total of 330 Demo Component of the Canada Sound Recordings, offering FACTOR’s Board of Directors based on the Music Fund. $492,211 to Artists in FACTOR 2013-2014 FACTOR artistic merit and commercial potential 10 provinces and 1 territory. of submitted materials.

Amount Requested / Offered ($)

Demo 0 300,000 600,000 900,000 1,200,000 1,500,000 Components Submitted / Approved

Demo 0 200 400 600 800 1,000 Program Descriptions 49 $2,266,943 Juried Soundoffered 9 167 provinces new Sound Recording Recordings

The Juried Sound Recording (JSR) Program supports the production and promotion of a new full-length sound recording. All applications supports the program include a Sound Recording Component, and applicants may also apply for funding through four other Components: Marketing, Tour Funding for Juried Sound FACTOR received 1,554 Support, Showcase, and Video. Recording Program is applications to all five provided by Canada’s Private Components of the The JSR is the second of FACTOR’s juried Radio Broadcasters and by JSR Program, making the the Department of Canadian JSR Program our most programs. All JSR applications are evaluated Heritage through the New applied-to Program. Based by a jury of leading Canadian music industry Musical Works Component on recommendations of the Canada Music Fund. from FACTOR’s Jurors, FAC-

professionals. Jury members assess the artistic TOR approved applications 2013-2014 FACTOR merit and commercial potential of each project for 167 new Sound Record- ings from Artists in before making recommendations to the 9 provinces, offering FACTOR Board of Directors, who grant final a total of $2,266,943 in support of recording, funding approval. marketing, and promoting new Canadian music.

Amount Requested / Offered ($) Sound Recording

Marketing

Showcase

Tour Support

Video

0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 10,000,000 Components Submitted / Approved

Sound Recording

Marketing

Showcase

Tour Support

Video

0 50 100 150 200 250 300 1100 50 Program Descriptions $2,435,028 Marketing &offered 10 178 provinces/ components Promotion forterritories approved

FACTOR-Fundedsupports the program

The Marketing and Promotion for FACTOR-Funded Sound Recordings Program Funding for this program is FACTOR funded 178 compo- is limited to sound recordings approved prior provided by Canada’s Private nents representing Artists to 1 April 2013 under FACTOR’s previous suite Radio Broadcasters and by from 9 provinces and 1 the Department of Heritage, territory. In total, FACTOR of programs (Direct Board Approval, Juried through New Musical offered $2,435,028 Sound Recording, and Emerging Artist). This Works Component of the in continued marketing and Canada Music Fund. promotional support Program has four Components: Marketing, to FACTOR-funded Sound

FACTOR 2013-2014 FACTOR Showcase, Tour Support, and Video, through Recordings approved under the previous suite which applicants can access continued of programs. financial support for their sound recording.

Amount Requested / Offered ($)

Marketing

Showcase

Tour Support

Video 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 Components Submitted / Approved

Marketing

Showcase

Tour Support

Video 0 30 60 90 120 150 Program Descriptions 51 $384,223 Marketing &offered Promotion5 for 23 provinces/ components Non-FACTOR-territories approved supports the program

The Marketing and Promotion for Funded Genre QST units* Non-FACTOR-Funded Sound Recordings Pop, Rock, Adult Contemporary, Alternative, Program provides financial support to market Christian Rock, Hard Rock 3500 Country, Roots, Folk, Blues, Traditional, Dance, and promote a qualifying Canadian Sound Electronica, Soul/R&B 2000 Recording with demonstrated commercial suc- Aboriginal, World, Classical, Urban, Hip Hop, Jazz, Reggae, Children’s, Specialized, Experimental, Heavy Metal, Punk 1500 cess, defined by the following Qualifying AND/OR Have a song on a Top 40 BDS Radio Chart Sales Threshold(s): 2013-2014 FACTOR Funding for this Program is FACTOR offered $384,223 There are four Components: Marketing, Show- provided by Canada’s Private to 23 successful applications case, Tour Support, and Video. Radio Broadcasters. under the Marketing, Tour Support, and Video Compo- nents, assisting Artists from 4 provinces and 1 territory.

Amount Requested / Offered ($)

Marketing

Showcase

Tour Support

Video 0 100,000 200,000 300,000 400,000 500,000 Components Submitted / Approved

Marketing

Showcase

Tour Support

Video 0 5 10 15 20 25 30 52 Program Descriptions $3,379,590 Live offered 12 630 provinces/ components Performanceterritories approved

Program supports the program

Through the Live Performance Program, Canadian Artists can apply for funding The Live Performance This year, FACTOR offered to support domestic or international industry Program is supported by $3,379,590 to 630 succ- showcase appearances and tours in support of funding from Canada’s Private essful applications in Radio Broadcasters and 10 provinces and 2 terri- current or forthcoming qualifying releases. by the Department of tories, allowing Canadian Canadian Heritage, through Artists to perform live across the New Musical Works Canada, the United States, Component of the Canada Europe, Australia, and Asia.

FACTOR 2013-2014 FACTOR Music Fund.

Amount Requested / Offered ($)

Showcase

Tour Support 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 Components Submitted / Approved

Showcase

Tour Support 0 100 200 300 400 500 Program Descriptions 53 $249,999 Radio offered 8 51 provinces/ components Marketing Fundterritories approved

Program supports the program

The Radio Marketing Fund Program provides funding to encourage Canadian The Radio Marketing Fund This year, FACTOR approved Artists and Music Companies to use Canadian is funded exclusively 51 applications to the commercial radio stations, radio broadcast by Canada’s Private Radio Radio Marketing Fund, offer- Broadcasters. ing $249,999 in assistance groups, and Canadian community and campus to Artists from eight differ- radio stations as marketing partners. ent provinces. FACTOR 2013-2014 FACTOR

Amount Requested / Offered ($) Radio Marketing Fund 0 50,000 100,000 150,000 200,000 250,000 300,000 Components Submitted / Approved Radio Marketing Fund 0 10 20 30 40 50 60 54 Program Descriptions $17,670 Songwriter ’soffered 5 25 provinces/ projects Workshop Supportterritories approved

Program supports the program

The Songwriter’s Workshop Support Program assists professional Canadian This Program is funded by In 2013-2014, FACTOR Songwriters with the cost of travel related to Canada’s Private Radio approved 25 Applications songwriting workshops and seminars. Broadcasters and the New to the Songwriter’s Work- Musical Works Component shop Support Program, of the Department of Heri- offering $17,670 in grants tage’s Canada Music Fund. to assist professional Canadian Songwriters in 5 provinces to attend work-

FACTOR 2013-2014 FACTOR shops and seminars in North America and Europe.

Songwriting Workshops that funded songwriters attended:

• Song Studio 2013 • MUSEXPO 2014

Shot by DerrickShot Belcham by • MIDEM 2014 • Taxi Road Rally • Wells Songwriting Course

Amount Requested / Offered ($) Songwriter’s Workshop Support 0 5,000 10,000 15,000 20,000 25,000 Projects Submitted / Approved Songwriter’s Workshop Support 0 5 10 15 20 25 30 35 Program Descriptions 55 $358,611 Video offered 8 40 provinces/ components Program territories approved

supports the program

The Video Program offers financial assistance to Artists and Record Labels for This Program is funded FACTOR approved 40 appli- the production of an original music video in by Canada’s Private Radio cations, offering $358,611 to support of a qualifying sound recording. Broadcasters and by Artists in 8 provinces. the Department of Heritage through the New Musical Works Component of the Canada Music Fund. FACTOR 2013-2014 FACTOR

Amount Requested / Offered ($)

Video 0 100,000 200,000 300,000 400,000 500,000 Components Submitted / Approved

Video 0 10 20 30 40 50 56 Program Descriptions $477,300 Sponsorshipoffered 12 73 provinces/ projects Program territories approved

supports the program

Through the Sponsorship Program, FACTOR offers support to initiatives that The Sponsorship Program This year, FACTOR funded fall under FACTOR’s funding mandate, but do is exclusively funded 73 projects, offering not fall under FACTOR’s existing programs. by Canada’s Private Radio $477,300 for events and Broadcasters initiatives in 9 provinces Applicants to the Sponsorship Program must and all 3 territories. submit a proposal, indicating the purpose, nature of operations, budget framework, FACTOR 2013-2014 FACTOR industry impact and scope, and related details, before being approved.

Amount Requested / Offered ($)

Sponsorship 0 100,000 200,000 300,000 400,000 500,000 Projects Submitted / Approved

Sponsorship 0 20 40 60 80 100 120 Sponsorships per Province 57

$180,300 Ontario 26 Projects $180,300 FACTOR 2013-2014 FACTOR

$102,500 $84,500 $30,500 Alberta British Columbia Nova Scotia 9 Projects 9 Projects 10 Projects $102,500 $84,500 $30,500

$26,000 $24,000 Saskatchewan Québec YT NWT NL MB PEI 7 Projects 4 Projects $26,000 $24,000

Sponsorships per Province

Province # Projects $ Offered Province # Projects $ Offered Ontario 26 Projects $180,300 Yukon 2 Projects $10,000 Alberta 9 Projects $102,500 NWT & Nunavut 2 Projects $8,000 British Columbia 9 Project $84,500 Newfoundland 1 Project $5,000 Nova Scotia 10 Projects $30,500 Manitoba 2 Projects $3,500 Saskatchewan 7 Project $26,000 Prince Edward Island 1 Project $3,000 Québec 4 Projects $24,000 New Brunswick 0 Projects $0 58 Program Descriptions $2,265,462 Collective offered 9 56 provinces/ Collective Initiatives territories Initiatives

Program supports the program

The Collective Initiatives Program supports innovative educational, export and FACTOR’s Collective In 2013-2014, FACTOR off- digital projects which increase the national and Initiatives Program receives ered $2,265,462 in support international profile and commercial potential funding from the Depart- of 56 Collective Initiatives ment of Canadian Heritage across 9 provinces. of multiple Canadian Artists and Music through the Collective Entrepreneurs. The Program includes four Initiatives Component of the Canada Music Fund, components, each encompassing a range of and from Canada’s Private FACTOR 2013-2014 FACTOR differentprojects and activities. These are: Radio Broadcasters. Industry Events, Showcase Production for Artists from Official Language Minority Communities (OLMC), Showcase Production for Export-Ready Artists, and Digital Marketing.

Amount Requested / Offered ($) Digital Marketing

Industry Events

OLMC Export Ready Artists , , , 0 500,000 1,000,000 1,500,000 2,000,000 Components Submitted / Approved Digital Marketing

Industry Events

OLMC Export Ready Artists 0 5 10 15 20 25 30 35 40 Collective Initiatives 59 Industry Events

This component supports the creation of market development opportunities for Canadian artists and music entrepreneurs by subsidizing music conferences, educational initiatives, and award shows. Successful projects must demonstrate strategic value towards the success of Canadian artists and music entrepreneurs in the national and global marketplace. Showcase Project: Pop Montreal FACTOR 2013–2014 FACTOR

With a continued commitment first and foremost to artist-driven programming, 2013 participants included The POP Symposium pre- this year’s Symposium offered attendees access music legends BernieWorrell sented 30+ events, ranging (Bernie Worrell Orchestra, from the creative to the to the perspectives and creative practices of Parliament Funkadelic, industry-centered to the some of the most crucial, compelling and Talking Heads), Tony Visconti theoretical and featured (Producer for Bowie, Morr- 96 diverse speakers from celebrated minds working in popular culture issey, T-Rex), Shuggie Otis across North America and and music. and Yellowman; art world Europe, including 73 industry stars Dan Graham and professionals and 23 artists, Elizabeth Price; influential to participate in 31 panels, cultural critics and curators artist talks, conversations, like Glenn O’Brien (GQ, workshops and networking Interview), Andrew Noz (The activities, drawing over FADER, Pitchfork, NPR) 1,500 attendees. and Johan Kugelberg (Boo Hooray, Sinecure Books, former exec at Def/American and Matador); leading- edge industry like Music Supervisor Anton Monsted and Audio Director for War- ner Bros. Games Alice Bernier. 60 Collective Initiatives Showcase Production for Artists from Official Language Minority Communities

This component is intended to assist with the costs of organizing and producing music showcases that expose Anglophone artists residing in Quebec (OLMC-eligible) to a larger audience through appearances at local, regional, national, or international events. Showcase Project: OPAK @ SXSW

FACTOR 2013–2014 FACTOR Opak Media and Secret City Records Attendees included agents HOT MASS received very partnered to host HOT MASS at SXSW 2014, from The Windish Agency, favourable press coverage Billions, and The Agen- in a wide variety of publi- a showcase curated to highlight Montreal’s cy Group; representatives cations. Most notably, NPR’s thriving music scene. The event was held at the from Arts & Crafts, Outside Bob Boilen praised perfor- Music, Missing Piece Group, mances by Leif Vollebekk historic St David’s Bethell Hall in the heart of Universal Records, Caroline and Thus Owls in a blog post, Austin, and hosted performances by MaicaMia, Distribution, Kobalt Music and included tracks from Group, Communion, and these two artists on his “All Leif Vollebekk, Thus Owls, Timber Timbre, Liberator Music; as well as Songs Considered” playlist. The Barr Brothers, and Basia Bulat. The intimate journalists from The Wall Street Journal, Rolling Stone, event focused on attracting key industry The Huffington Post, and delegates and attendees included a wide var- NPR’s Bob Boilen. iety of label representatives, booking agents, publishers, distributers, promoters, and press and media representatives. Collective Initiatives 61 Showcase Production for Export-Ready Artists

This component supports international market development initiatives that benefit Export-Ready Canadian artists. It is intended for Applicants whose activities engage a number of export-ready artists in showcase opportunities of international significance. The activities undertaken under this component must be designed to increase awareness of Canadian music around the world by providing artists with opportunities to secure record distribution, licensing or publishing deals, tour bookings, radio/television expo- sure, major festival bookings, management, or other representation.

Showcase Project: 2013–2014 FACTOR Music Nova Scotia

During the 2013/2014 fiscal year The export spotlight was on Music Nova Scotia export Music Nova Scotia embarked on a series the Nordic Region with 20 initiatives for the 2013/2014 music buyers attending from fiscal year resulted in com- of export development initiatives as set out Denmark, Finland, Iceland, bined sales of $773,912 in the Music Nova Scotia Export Strategy Norway and Sweden. The over 3 years for Music Nova remaining buyers came Scotia members. With a total that included inbound and outbound trade from Germany, the UK and investment of $431,668 missions, business skills and training and the USA. Music Nova Scotia made by funding partners showcased 90 artists to including FACTOR, the market research. a total audience of 6000 resulting annualized ROI resulting in $408,500 in was an impressive 22% Music Nova Scotia’s annual Nova Scotia revenue as a direct result over 3 years. of the initiative. Music Music Week (NSMW) event provides Nova Scotia also presented the venue for our major inbound export export-training sessions during the event that trade mission each year. This year’s event, included an entire confer- held in Sydney, Cape Breton, attracted ence track on doing business in Nashville. 40 international music buyers representing 8 countries around the world. 62 Collective Initiatives Digital Marketing

This Digital Marketing component is intended to fund projects that improve the accessibility of Canadian music on digital platforms, and to develop the infrastructure and capacity of Canadian digital music markets. This component focuses its funding in four areas that include: digital tools that help artists commercialize, events that connect art- ists with music tech companies, initiatives that support production of high-quality digital marketing collateral, and online hubs that promote the discovery and purchasing of records by Canadian artists. Showcase Project: FACTOR 2013–2014 FACTOR Volu.me

Music fans are always within Volu.me enables Canadian With the assistance of arm’s reach of their permanently-connected musicians to create official FACTOR, The Mobile Cartel (artist-specific) mobile has already helped the mobile phone. From the moment they wake applications for iPhone, following Canadian artists up, until the minute they go to bed at night, BlackBerry and Android launch official iPhone, devices. Volu.me-powered Android and BlackBerry 10 these devices are with them. Volu.me enables apps enable artists to push apps powered by Volu.me; musicians to leverage and monetize on this out new songs, preview Hedley, Tegan And Sara, and promote new music vid- Lights, Big Wreck, Sloan, fact, reaching out directly to each of their fans’ eos, publish news, announce The Sheepdogs, Great Lake mobile phones. tour dates and events, and Swimmers, Wintersleep, provide ticketing informa- My Name Is Kay, Silverstein, tion directly to fans through Obey The Brave, Incura, platforms customized for Wake Owl, Voivod, Threat mobile access. Signal, Madison Violet, Cancer Bats, Diemonds, Courage My Love, Elaquent, David Gogo, Age of Days, Steph Macpherson, Acres Of Lions (among others). 63 Halifax Pop BreakOut Music Canadian ExplosionNS WestMB 2013 NBNB Web MusicON Week $15,000 $11,471 Platform$50,000 $50,000 To develop artist- Festival app upgrades Redevelop the MusicNB To host the Social Music supporting social, web, and a live stream of the website, introducing an Summit. and app functionalities. awards gala. interactive membership management and promotion system, artists EPKs, stream- Web-based Field Trip ProStudio- ing radio, business tools, QC ON QC blog and newsletter. Merchan- Canada Masters $50,000 $50,000 $50,000 LoPX: dising To upgrade their web-based To produce 4 pilot To market ProStudioMasters. ON system which supports performance/travel com, an online platform for Produc- Platformmerchandising activities documentaries (8–10 studio-quality, high-reso- $50,000 for musicians. The upgrades minute episodes), lution audio files of masters tion (Mar- are focused on improving featuring Canadian from Canadian musicians. Loud on Planet X is a the online sales experience musicians visiting and And to process an additional mash- up of the popular and the tour management performing in four 70 Canadian albums for sale ket-Readytower defense and rhythm services. They are focused remote locations. in the online platform. tap video game genres on mobile versioning of the Game)being developed for web platform for musicians and mobile devices, featur- and enhancing the mobile JUNO TV WE SHOT ing Canadian indie music shopping experience for ON ON (licenses of the likeness of consumers, push integration 8 Canadian musicians with social media platforms, and 30 songs). system integrations for their 2013–2014 FACTOR $43,000 $50,000 product/inventory manage- ment tools, and introducing To market 185 pieces of A new media project Pinball multi-channel shopping music-related content which mixes professional by merging the online/ released in 2013, and concert footage with ON mobile shopping with shop- 80–100 pieces of new fan shot footage using Sessions ping at concerts (i.e. order content slated to be touchcast technology. $50,000 online pick up at concert). produced in 2014. Content The project focuses on the 2014 includes both Canadian production of 6 concert Pinball Sessions is a music musicians and music videos for online/TV distro discovery website which industry members, and is via license to CBC Music. hosts exclusive audio and hosted at www.junotv.ca. video performance content BeMused The goal is to increase by Canadian musicians. exposure opportunities Slash Music FACTOR funding supports ON for musicians investing ON web upgrades, the creation Network in marketing for the Collabora- of a mobile app, marketing $50,000 first time. Funding also of the project and the supports improvements $25,000 creation of new sessions. A discovery based audience to the usability of the tion development platform DrinkBox Studios is going to site through website rede- for musicians (mostly opera, collaborate with musicians velopment and redesign NXNE jazz, classical and orchestra). Yamantaka/Sonic Titan and and to livestream the BeMused Network is Panyayo to feature music ON JUNO TV “one-on-one” also part of the CFC busi- in their game Slash and in interview space in the ness incubation program the games soundtrack. media room at the $10,000 Idea Boost w/ Google, Corus The action adventure game 2014 JUNO Gala Dinner and Shaw. is fully financed by the Supports app upgrades & Awards and the 2014 developer and funding from with more artist content. JUNO Awards Broadcast. the OMDC. Funding from FACTOR will allow them to enhance their $10,000 music budget. 64 In the Community In 2013–2014, FACTOR sat on 27 FACTOR’s programming is promoted through- panels across the country at events like Mani- out the regions with the help of our Regional festo (Toronto), Halifax Pop Explosion Education Coordinators (RECs): (Halifax), MUTEK (Montreal), and the Cana- dian New Music Network Forum (Calgary). We also held one-on-one meetings in Canada Carly Klassen, Edmonton, AB and the United States at events like SXSW (Austin), and the Game Developer’s Confer- Jean Surette, Moncton, NB ence (San Francisco), where we promoted our Jennifer McKerral, Sudbury, ON Digital Marketing Fund. We operated a drop-in Jennifer Winsor, St. John’s, NL FACTOR lounge during Canadian Music Week and North by North East, and partnered Kim Beggs, Whitehorse, YT with several Regional MIAs to hold presen- Laura Simpson, Halifax, NS tations and workshops for their members in Lorena Kelly, Saskatoon, SK Alberta, Manitoba, PEI, and Saskatchewan. Through these events, we have individually Mike Carver, Charlottetown, PEI met with over 500 prospective and current Rachel Stone, Winnipeg, MB FACTOR-funded artists in all corners of the Savannah Wellman, Vancouver, BC country. Shevaughn Battle, Montreal, QC

FACTOR 2013–2014 FACTOR FACTOR is committed to working closely with the Canadian music industry, and we achieve this through our National Advisory Board (NAB). The NAB was established in 1992 as a means to bring together regional industry associations – today, this includes the Music Managers Forum, the Canadian Music Publishers Association, and the Canadian Independent Music Association.

Our NAB includes: Panel Presentations & Industry Events 65

Penticton, BC Victoria, BC Yellowknife, NWT Edmonton, AB

Calgary, AB Banff, AB Saskatoon, SK Regina, SK

Winnipeg, MB Missisauga, ON Kitchener-Waterloo, ON Guelph, ON

London, ON Toronto, ON St. Catherines, ON Rouen, QC FACTOR 2013–2014 FACTOR

Montreal, QC Moncton, NB Sackville, NB Halifax, NS

Gander, NL San Francisco, CA Austin, TX Cannes, France

Both Industry Event Panel or Presentation Industry Event & Panel or Presentation 66 Awards

Eight Times Platinum Double Platinum Gold Album Digital Download Platinum Digital Download Digital Download Ariane Moffatt Carly Rae Jepsen Classified Down With Webster MA “Call Me Maybe” “3 Foot Tall” “Whoa Is Me”

Triple Platinum Platinum Digital Download Platinum Album Platinum Digital Download Digital Download Down With Webster Serena Ryder Serena Ryder Serena Ryder “One In a Million” Harmony “What I Wouldn’t Do” “Stompa” FACTOR 2013–2014 FACTOR

Gold Digital Platinum Digital Gold Single Gold Album Download Download Spectra Singers Tegan & Sara Tegan & Sara Tegan & Sara If You’re Not Here At Heartthrob “I Was A Fool” “Closer” Christmas

Gold Album Double Platinum Album Gold Digital Download Gold Digital Download The Sheepdogs The Weeknd The Weeknd Tim Hicks Feeling Good Trilogy “Wicked Games” “Get By”

Awards Legend

Gold Platinum Double Platinum Gold Digital Download Digital Download Gold Album Album Digital Download Tim Hicks Walk Off The Earth Walk Off The Earth “Hell Raisin’ Good Time” “Red Hands” R.E.V.O. Aa FACTOR-funded album Awards 67 Aboriginal Peoples Choice BreakOut West

Music Awards AWARD ARTIST ARTISTIC AWARDS AWARD ARTIST Children’s Recording Rick Scott THE GREAT Best Producer/Engineer A Tribe Called Red of the Year GAZZOON Nation II Nation (2013) A Tribe Called Red Classical Composition John Oliver Best Album Cover Design of the Year A Tribe Called Red Best Pop Album Classical Recording Jason Cullimore A Tribe Called Red of the Year Best Group or Duo Country Recording Gord Bamford Canadian Folk of the Year Independent Album Rah Rah Music Awards of the Year Instrumental Recording Mahogany Frog AWARD ARTIST of the Year Traditional Album of the Year Mary Jane Lamond Jazz Recording of the Year Erin Propp & Larry Roy and Wendy MacIsaac Metal/HardMusic KEN mode Recording of the Year Contemporary Album Justin Rutledge of the Year Pop Recording of the Year Hannah Georgas Contemporary Singer Ian Sherwood Roots Solo Recording Del Barber of the Year of the Year

English Songwriter David Francey Spiritual Recording Steve Bell 2013–2014 FACTOR of the Year of the Year

Vocal Group of the Year Good Lovelies World Recording of the Year Alex Cuba Ensemble of the Year Good Lovelies INDUSTRY AWARDS World Solo Artist of the Year Jorge Miguel Independent Record Royalty Records Label of the Year World Group of the Year Jaffa Road New/Emerging Artist Mo Kenney of the Year Canadian Producer of the Year David Travers-Smith Country Music Canadian Radio Awards Music Awards AWARD ARTIST Album Of The Year Gord Bamford AWARD ARTIST Single Of The Year Gord Bamford FACTOR Breakthrough Award Tim Hicks CMT Video of the Year: Gord Bamford Best New Group or Tegan and Sara Songwriter(s) of the Year Gord Bamford, Ray Solo Artist (MAINSTREAM AC) Stephenson, Buddy Owens Roots Artist or Group of Best New Group or Head of the Herd the Year Corb Lund Solo Artist (ROCK) Discovery Award Wes Mack Best New Group or Brett Kissel Solo Artist (COUNTRY) Sennheiser Chart Serena Ryder Topper Award 68 Awards

East Coast Indie Awards

Music Awards AWARD ARTIST Group of the Year Half Moon Run AWARD ARTIST Female Artist of the Year Basia Bulat Album of the Year Old Man Luedecke Live Artist of Group Hollerado African-Canadian Recording J-Bru of the Year of the Year Must Follow Artist Born Ruffians Blues Recording of the Year Thom Swift of the Year PEI 2014 Fan’s Choice Video The Town Heroes Collaboration of the Year Classified feat. David Myles of the Year Alternative Artist/Group July Talk Folk Recording of the Year Old Man Luedecke or Duo of the Year Group Recording of the Year Mary Jane Lamond and Blues Artist/Group or Duo MonkeyJunk Wendy MacIsaac of the YearAritst Pop Recording of the Year Mo Kenney Children’s Artist/Group Splash’N Boots Rap/Hip-Hop Recording of Classified or Duo of the Year the Year Electronic Artist/Group A Tribe Called Red Roots/Traditional Group Gordie MacKeeman & His or Duo of the Year Recording of the Year Rhythm Boys Folk/Roots Artist/Group The Strumbellas Solo Recording of the Year Dave Gunning or Duo of the Year Song of the Year Jenn Grant Jazz Artist/Group or Duo Colin Stetson of the Year Songwriter of the Year Dave Gunning FACTOR 2013–2014 FACTOR Pop Artist/Group or Duo Fast Romantics Traditional Instrumental Duane Andrews and of the Year Recording of the Year Craig Young Punk/Hardcore Artist/Group PUP or Duo of the Year JUNO Awards Rock Artist/Group or Duo Wildlife of the Year AWARD ARTIST Soul/R&B Artist/Group Chloe Charles Single of the Year Tegan and Sara or Duo of the Year Artist of the Year Serena Ryder Group of the Year Tegan and Sara Polaris Music Breakthrough Artist of the Brett Kissel Year (FACTOR & RSF) Prize Shortlisted Breakthrough Group of the A Tribe Called Red Nominees Year (FACTOR & RSF) Songwriter of the Year (i) Serena Ryder (ii) Matt Epp ARTIST ALBUM Rock Album of the Year Matt Mays Metric Synthetica Instrumental Album Esmerine METZ METZ of the Year Colin Stetson New History Warfare Vol. 3: Roots & Traditional Album Justin Rutledge To See More Light of the Year Tegan and Sara Heartthrob Blues Album of the Year The Strumbellas A Tribe Called Red Nation II Nation Whitehorse The Fate Of The World Depends On This Kiss Young Galaxy Ultramarine Nunavut* Other Yukon Saskatchewan Québec Island Edward Prince Ontario Nova Scotia Northwest Territories* Labrador and Newfoundland New Brunswick Columbia British Manitoba Alberta Applicant’s Province a result, these lines have lower Submitted than Approved numbers. not tracked this year. Approved Projects and Components were tracked. As * Submitted Projects and Components to the Sponsorship program were Applications Submitted and Approved by Province Submitted Projects Projects 3860 2007 204 532 185 581 159 23 65 25 29 22 27 0 1 Components Components Submitted 4664 2376 708 270 675 231 175 80 30 36 24 27 31 0 1 Approved Projects Projects 2068 1037 305 273 120 109 101 20 37 15 19 12 17 2 1 Components Components Approved 2334 1136 329 347 144 128 113 23 24 22 37 15 13 2 1 Requested from $34,532,337.98 $17,440,567.00 $2,096,090.37 $5,052,104.28 $5,566,473.76 $1,741,620.90 $1,130,760.51 $466,631.29 $215,959.39 $314,307.73 $152,316.55 $162,491.57 $191,514.63 Submitted $1,500.00 Amount $0.00 $16,591,475.82 $2,270,242.49 $8,399,527.27 $2,674,916.70 $202,946.78 $164,325.50 $109,482.00 $905,842.81 $140,327.00 $918,735.32 $109,241.00 $594,681.12 $4,500.00 $91,707.83 $5,000.00 Offered Amount 69

FACTOR 2013-2014 70 Applications Submitted and Approved by Genre

Projects Components Projects Components Amount Requested Primary Genre Submitted Submitted Approved Approved from Submitted Amount Offered

Aboriginal 9 10 5 5 $83,337.50 $31,507.00 Adult Contemporary 101 121 42 47 $764,917.21 $309,936.38 Alternative 383 465 188 214 $3,351,454.27 $1,586,722.36 Blues 54 73 30 35 $469,883.13 $246,017.00 Children's 11 14 5 6 $102,756.35 $39,931.00 Christian Rock 14 17 4 4 $152,165.10 $47,240.00 Classical 34 46 23 29 $442,660.02 $308,052.19 Country 214 277 101 124 $2,065,239.18 $943,766.55 Dance 32 40 6 6 $249,464.50 $17,500.00 Electronica 123 158 52 63 $1,188,013.55 $478,895.78 Experimental 36 50 13 18 $281,231.25 $107,193.25 Folk 400 447 228 247 $2,811,315.12 $1,516,102.22 Hard Rock 41 58 22 28 $480,469.74 $340,080.99

FACTOR 2013–2014 FACTOR Heavy Metal 25 27 10 11 $257,563.96 $150,364.86 Hip Hop 252 306 118 124 $2,578,008.60 $1,186,302.32 Jazz 101 128 48 51 $958,457.54 $404,644.88 Pop 461 575 174 205 $4,001,483.27 $1,501,066.76 Punk 57 77 32 41 $635,609.51 $369,933.00 Reggae 17 23 3 7 $150,009.00 $54,157.00 Rock 504 590 215 232 $3,863,138.84 $1,713,502.93 Roots 120 152 62 78 $1,368,812.07 $692,482.16 Soul/R&B 94 116 24 29 $844,772.31 $292,625.00 Specialized 22 29 7 9 $191,199.45 $42,765.00 Traditional 13 13 9 9 $77,870.63 $66,956.00 Urban 16 24 7 8 $124,020.00 $39,035.00 World 50 54 18 20 $370,366.35 $80,426.91

3184 3890 1446 1650 $27,864,218.45 $12,567,206.54 Radio Marketing Fund Funded Sound Recordings Marketing &Promotion for Non-FACTOR Funded Sound Recordings Marketing &Promotion for FACTOR Juried Sound Recording Music Company Comprehensive Artist Comprehensive MARKETING Funded Sound Recordings Marketing &Promotion for Non-FACTOR Funded Sound Recordings Marketing &Promotion for FACTOR Performance Live Juried Sound Recording Comprehensive Music Company Comprehensive Artist Comprehensive Comprehensive Artist Comprehensive RECORDINGS SOUND TOUR SUPPORT Recordings Sound Marketing &Promotion for Non-FACTOR Funded Recordings Sound Marketing &Promotion for FACTOR Funded Performance Live Juried Sound Recording Music Company Comprehensive Artist Comprehensive SHOWCASE Songwriter's Workshop Juried Sound Recording Demo Music Company Comprehensive Overview of Funding by Project by Funding of Overview Components Components Submitted 1060 2129 1031 482 286 539 336 913 122 48 54 42 28 32 20 63 29 37 76 12 12 12 11 8 9 7 Components Approved (expressed in Canadian dollars) in Canadian (expressed 330 248 359 704 621 271 167 58 28 25 29 111 10 10 21 41 51 19 17 0 3 3 8 5 6 1

Requested from from Requested $10,271,782.29 $2,425,845.96 $5,481,221.44 $14,125,474.18 $6,857,582.97 $1,315,020.00 $3,824,709.91 $1,281,623.88 $2,794,297.41 $1,234,579.01 $270,000.00 $254,960.93 $686,453.24 $284,523.99 $669,120.39 $413,795.22 $182,864.01 $22,469.00 $239,718.19 $86,247.45 $133,471.21 Submitted Submitted $16,855.00 $22,615.00 $13,763.25 $9,774.50 $9,788.75 Amount $4,206,012.35 $1,842,226.00 $3,770,259.54 $3,839,182.19 $2,051,446.77 $2,878,211.42 $858,805.85 $995,098.73 $513,200.00 $226,742.00 $249,999.80 $384,755.97 $128,285.00 $501,378.99 $344,115.00 $492,211.09 $103,193.59 $27,822.00 $10,522.00 $32,241.00 $141,514.19 $17,670.68 $8,223.00 $6,526.00 $1,265.00 Offered Amount $0.00 71

FACTOR 2013-2014 72 FACTOR 2013-2014 Business Development INDUSTRY SUPPORT Program Video Funded Sound Recordings Marketing &Promotion for Non-FACTOR Business Travel Funded Sound Recordings Marketing &Promotion for FACTOR Juried Sound Recording Music Company Comprehensive Comprehensive Artist Comprehensive VIDEO this year. As aresult, this information has omitted been from this report. * Submitted Components to the Sponsorship program were not tracked Sponsorships* SPONSORSHIPS TOTAL OFFERS Official Language Minority Communities Showcase Production for Artists from Industry Events Showcase Production for Export Ready Artists Digital Marketing COLLECTIVE INITIATIVES Overview of Funding by Project by Funding of Overview Components Components Submitted

4664 625 229 103 551 50 20 49 28 36 111 27 74 16 8 3 - Components Approved (expressed in Canadian dollars) in Canadian (expressed 2334 441 103 510 40 26 69 73 75 41 16 14 14 19 6 1 1

Requested from from Requested $34,532,337.98 $1,005,454.59 $1,423,908.86 $1,280,069.69 $1,865,363.47 $2,127,023.09 $1,121,568.50 $4,517,127.44 $442,929.88 $689,486.47 $440,125.56 $132,293.38 $682,207.81 $318,313.73 $75,600.56 Submitted Submitted $14,645.75 Amount - $16,591,475.82 $2,265,462.50 $1,051,455.50 $1,262,336.10 $394,500.00 $562,992.50 $265,036.00 $477,300.00 $699,343.60 $235,541.90 $554,471.00 $106,763.48 $770,923.14 $358,611.76 $51,264.00 $10,875.00 $7,867.00 Offered Amount

— Recordings Talent on Assisting Canadian Foundation The (expressed in Canadian dollars) March 31, 2014 Financial Statements 73

FACTOR 2013-2014 PWC 74 FACTOR 2013-2014 PWC Auditor’s Report Independent based on our audits. We onouraudits. based conducted inaccordance ouraudits with about theamountsanddisclosures inthefinancial statements. involvesAn audit procedures performing to obtainevidence audit statements are free from material misstatement. tothe audit obtain reasonable assurance aboutwhether thefinancial require that we comply withethical requirements andplan andperform Canadian generally accepted standards. auditing standards Those Our responsibility isto express financialstatements anopiniononthese todue fraud orerror. financial statements that are free from material misstatement, whether as management determines isnecessary to enable thepreparation of standards for not-for-profit organizations, and for such internal control financialstatementsthese inaccordance withCanadianaccounting Management isresponsible for thepreparation andfair presentation accounting policies andotherexplanatory information. ended, andtherelated notes, which compriseasummary significant of and March andthestatements 2013 operation of 31, for theyears then comprise thestatementsposition as financial of at March201431, TheFoundationof Assisting CanadianTalent onRecordings, which Auditor’s responsibility Management’s responsibility for the financial statements We have audited theaccompanying financialstatements of of

Auditor’s Report Independent Licensed Public Accountants Public Licensed Accountants, Professional Chartered Canadian accounting standards for not-for-profit organizations. ations anditscash flows for the year thenended inaccordance with Talent onRecordings asat March 2014, 31, andtheresults- its oper of respects,positionof the thefinancial Foundation Assisting Canadian thefinancialstatementsIn ouropinion, present fairly, inallmaterial sufficientappropriate and to provide abasisaudit opinion. forour We believe that evidence theaudit we have obtained is inouraudits the overall presentation thefinancialstatements. of accountingof estimates made by aswell management, asevaluating appropriateness andthereasonableness accounting of policies used the entity’s internal control. includes also Anaudit evaluating the expressing of anopinionontheeffectivenessbut notfor thepurpose of to design procedures audit that are appropriate inthecircumstances, preparation andfair presentation thefinancialstatements of inorder ments, theauditorconsiders internal control relevant to theentity’s statements, whether to due fraud orerror. risk Inmakingthose assess therisks of materialthe assessment of misstatement the financial of The procedures selected ontheauditor’s depend including judgment, Assisting Talent Canadian on Recordings To the Board of Directors of The Foundation Opinion

-

75

FACTOR 2013-2014 PWC 76 FACTOR 2013-2014 PWC (note 8) (note Commitments 5) (note Intangible assets 4) (note and equipment Property Net assets Accounts payable and accrued Current liabilities LIABILITIES Investments Other assets Short-term investments 6) (note receivable Accounts Cash and cash equivalents Current assets ASSETS liabilities (note 7) (note liabilities Statement of Financial Position Financial of Statement

Assisting Talent Canadian on Recordings Approved by the of Board Directors of The Foundation (unrestricted) 2,622,395 2,622,395 2,622,395 2,461,836 1,355,252 1,017,578 204,980 General 160,559 44,585 fund $ fund – – –

Capital asset 489,868 706,965 706,965 706,965 Director 217,097 fund $ fund – – – – – – – Director Restricted reserve reserve Restricted 34,782,218 34,782,218 34,782,218 34,782,218 (expressed in Canadian dollars) in Canadian (expressed fund $ fund – – – – – – – – 34,782,218 37,951,019 2,622,395 38,111,578 38,111,578 1,355,252 1,017,578 204,980 489,868 160,559 217,097 44,585 Total $ 2014 32,904,207 32,904,207 32,671,577 29,271,154 2,967,878 1,933,132 232,630 448,027 418,464 517,846 246,711 68,873 Total $ 2013 over expenditures for the year Excess (deficiency) of revenue assets Amortization of intangible building (note 4) Gain on sale of land and and equipment and property of Depreciation investments on Change in unrealized gain (schedule 3) expenses Administrative Loans and awards (schedule 2) Expenditures Revenue (schedule 1) Investment income Investment following the before expenditures Excess of revenue over Statement of Operations Statement (unrestricted) 20,444,536 2,864,623 15,681,574 17,621,401 2,823,135 1,939,827 General 41,488 41,488 fund $ fund – – – –

Capital asset (132,850) (132,850) (43,400) (89,450) fund $ fund – – – – – – – – Restricted reserve reserve Restricted (expressed in Canadian dollars) in Canadian (expressed 2,547,669 2,547,669 1,639,089 908,580 fund $ fund – – – – – – – – 20,444,536 15,681,574 2,456,307 17,621,401 5,279,442 2,823,135 1,639,089 1,939,827 (89,450) (43,400) 950,068 Total $ 2014 – 19,543,284 14,800,155 16,563,687 2,979,597 1,763,532 1,901,525 1,168,923 4,881,122 (40,406) (32,887) 676,719 Total $ 129,176 2013 77

FACTOR 2013-2014 PWC 78 FACTOR 2013-2014 PWC Balance -End year of over expenditures for the year Excess (deficiency) of revenue Balance -Beginning year of Interfund transfers (note 9) Statement of Changes in Net Assets Net in Changes of Statement (unrestricted) (3,138,035) 2,864,623 2,735,248 2,461,836 General fund $ fund

Capital asset (132,850) 706,965 174,640 665,175 fund $ fund Restricted reserve reserve Restricted 34,782,218 29,271,154 2,963,395 2,547,669 (expressed in Canadian dollars) in Canadian (expressed fund $ fund 32,671,577 37,951,019 5,279,442 Total $ 2014 – 27,790,455 32,671,577 4,881,122 Total $ 2013 – Excess of revenue over expenditures for the year Operating activities PROVIDEDCASH BY (USED IN) Depreciation of property and equipment Adjustments for non-cash items Amortization of intangible assets Change in unrealized gain on investments Realized gains on investments Gain on sale of land and building (note 4) Accounts receivable Changes in non-cash working capital items Other assets Other Accounts payable and liabilities accrued Proceeds on sale of land and building -net (note 4) Investing activities Purchase of investments Sale of investments Purchase of property and equipment Purchase of intangible assets Decrease inDecrease cash and cash equivalents during the year Cash andCash cash equivalents -Beginning year of Cash equivalents Cash andCash cash equivalents comprise fund General andCash cash equivalents are allocated asfollows andCash cash equivalents -End year of Statement of Cash Flows Cash of Statement (expressed in Canadian dollars) in Canadian (expressed (2,049,602) (8,857,259) (1,639,089) (1,081,459) 6,982,295 2,956,827 5,279,442 1,355,252 1,355,252 1,355,252 1,355,252 2,691,744 (160,853) 448,027 907,225 312,866 (13,785) (72,071) 43,400 89,450 24,288 Total $ 2014 – – – (2,097,505) (6,055,772) (9,696,726) (1,168,923) 2,545,532 3,624,428 3,958,267 1,583,220 (230,068) 2,715,023 4,881,122 (427,221) (129,176) 448,027 448,027 448,027 448,027 269,093 (31,888) 40,406 Total $ 32,887 57,564 2013 7,182 79 –

FACTOR 2013-2014 PWC 80 FACTOR 2013-2014 PWC Notes to Financial Statements toNotes Financial The significantpolicies are detailed as follows: financial statementsThese are prepared inaccordanceASNPO. with accountingpolicies of significant 3. Summary and cash flows. orthestatementscial position operations, of changes innet assets Foundation any hasnotutilized transitional exemptions ontheadoption and retrospectively policieshadalways asifthese The ineffect. been policies selected under thisframework have applied consistently been byissued theCanadianAccounting Standards Board. Theaccounting accounting standards for not-for-profit organizations (ASNPO) as Effective the 2012, April 1, Foundation elected to adopt Canadian not-for-profit organizations Adoption2. accounting of Canadian standards for not-for-profit organization andtherefore isnot subject to income taxes. Pursuant to theIncome Tax Act (Canada), FACTOR isclassified asa FACTOR to individuals andgroups intheCanadianmusic industry. from Canada’s private radio industry are likewise distributed by Canada expires onMarch 2015. Financialcontributions 31, received Initiatives programs. Thecurrent contract withtheGovernment of Canadian Heritage’s of Department New Musical Works andCollective pursuant to agreements withtheGovernment Canada, under of the FACTORand foster Canadiantalent. receives anddisburses funds, viduals andgroups inthemusic recording industryinorder to promote FACTOR provides fundingby way loans of andgrants to Canadianindi- the Foundation) was incorporated as anot-for-profit organization without The Foundation Assisting CanadianTalent onRecordings (FACTOR or 1. General of ASNPO.of There were to noadjustments thestatements finan- of share capital onJune 17, under theCanada Corporations Act. 1982, (expressed in Canadian dollars) in Canadian (expressed

ties. The general fundaccounts for theFoundation’s general operating activi FACTOR follows thedeferral accounting method of for contributions. of lessof than90 days andare recorded at fair value. Cash andcash equivalents include short-term depositswithmaturities gainsalized (losses)are recognized asrevenue when earned. Investment income including interest,realized gains (losses) andunre recognized asrevenue astherelated are expenses incurred. thereof isreasonably assured. Restricted contributions are deferred and receivable reasonably iftheamountscan be estimated andcollection Unrestricted contributions are recognized asrevenue when received or directors.of is notavailable withoutapproval for theboard any of otherpurpose and for operationalment income. used purposes Thisfundwillnotbe restricted reserve fundfor long-term investments andrelated invest During theyear, directors theboardof authorizedthecreation the of of disposition andtherelatedof depreciation assets. these of The capital asset fundrecords capital asset purchases andproceeds ment income earned thereon transfers. after interfund and Government Canada of contributions, loan repayments andinvest The net assets represent theaccumulation private surplus of Fund accounting Fund Cash andCash cash equivalents Revenue recognition Notes to Financial Statements toNotes Financial (expressed in Canadian dollars) in Canadian (expressed - - - - 81

FACTOR 2013-2014 PWC 82 FACTOR 2013-2014 PWC Notes to Financial Statements toNotes Financial value exceeds fair value. erable, animpairmentloss isrecognized to theextent thecarrying test for impairmentindicates thecarrying valueanasset isnotrecov of - to generate through andeventual Whena theirdirect use disposition. to theprojected future net cash flows the long-lived assetsare expected recoverable. Recoverability by comparing isassessed thecarrying value circumstances indicate thecarrying value the assets may of notbe The Foundation tests for impairment whenever events orchanges in sevenof years. inastraight-lineare basis amortized over lives theirestimated useful development assets costs These inthestatementsposition. financial of life. The a finiteuseful Foundation has to qualifying chosen capitalize mulated andinclude amortization developed computer software with Intangible assetsare recorded inthecapital asset fundat cost less accu- methods andannual rates: over livesand are theirestimated amortized usingthefollowing useful andequipment are recordedProperty inthecapital assetfundat cost recovery loans of andawards when cash isreceived from therecipient. the monies are advanced. Repayment loans these isrecorded of asa ultimate of collectibility, to theuncertainty Due loans arewhen expensed directly from royalty proceeds projects of financed by theprogram. tion andmarketing recordings. those of repaid loans These mustbe finance costs directly with associated recordings as well asthepromo producers andrecord to artists, Loans companies are advanced to LEASEHOLD IMPROVEMENTS LEASEHOLD EQUIPMENT AND FURNITURE EQUIPMENT COMPUTER Impairment long-lived of assets Intangible assets and equipment Property Loans (expressed in Canadian dollars) in Canadian (expressed straight-line over term of lease 30% –100% declining balance 20% declining balance

- services isnotrecognized inthefinancialstatements. determining thefair valuethecontributed of services, thevalue these of of thedifficulty their timewithoutmonetary of compensation.Because Board andunpaidvolunteersvisory from themusic industry donate Members FACTOR’s of directors, boardof theNational membersof Ad- related parties. which consideration istheamountof established andagreed to by the Related transactions party are measured at theexchange amount, when thereperiod are indications that theassets may impaired. be Financial assets are tested for impairmentat each theendof reporting with changes infair value recorded inthestatements operations. of in anactive market at fair value inthestatementsposition financial of The Foundation records investments inequity securities that are quoted ments andaccounts payable cost. liabilities andaccrued at amortized The Foundation records cash,accounts receivable, short-terminvest funds. pooled of (GICs) withmaturities less of thanoneyear. Investments comprise investmentsShort-term compriseguaranteed investment certificates Actual resultsing period. coulddiffer from estimates. those revenues amountsof duringand thereported andexpenses thereport contingent assets andliabilities at thedate thefinancialstatements of assetsandliabilities amountsof andthedisclosurethe reported of requires management to make estimates andassumptions that affect The preparation financialstatements of inaccordance ASNPO with Contributed services Contributed Related Parties Financial instruments Use estimates of Notes to Financial Statements toNotes Financial (expressed in Canadian dollars) in Canadian (expressed - - 83

FACTOR 2013-2014 PWC 84 FACTOR 2013-2014 PWC Notes to Financial Statements toNotes Financial 5. assets Intangible recorded again onsale $129,176 of $1,670,000 net related of commissions andlegal fees $86,780 of and theFoundationOn June 2012, solditsbuilding 28, and related land for equipment and 4. Property Leasehold improvements equipment and Furniture equipment Computer Computer software Computer software Computer equipment Computer Leasehold improvements equipment and Furniture 248,280 684,622 325,705 249,739 313,380 523,769 164,097 164,097 725,757 739,541 Cost Cost Cost Cost $ $ $ $ inthestatement operations. of

(expressed in Canadian dollars) in Canadian (expressed Accumulated Accumulated Accumulated Accumulated Accumulated Accumulated amortization amortization amortization amortization 300,925 522,444 479,046 105,305 312,095 185,735 194,754 169,916 24,614 8,205 $ $ $ $

489,868 418,464 155,892 139,483 217,097 64,004 246,711 78,364 12,455 2014 2014 2013 2013 13,610 Net Net Net Net $ $ $ $

Canada Due from Government of 2014 2013 2012 2011 2010 Accounts receivable comprise thefollowing: 6. Accounts receivable outstanding asat March 2014: 31, The following isthebreakdown theamountsby of year that remain made, amountshave these recorded notbeen asliabilities. met conditions must be beforeto such recipients. certain loans Because are totalling approximately $9,004,341 –$10,956,811 (2013 As at FACTOR year-end, iscommitted to advancing funds inthefuture 8. Commitments Accounts payable liabilities andaccrued comprisethefollowing amounts: 7. Accounts payable liabilities accrued and Other Bonus accrual Vacation accrual Professional fees payable Trade accounts broadcasters from Due Loans and awards and Loans Notes to Financial Statements toNotes Financial commitment 14,500,273 11,925,926 2,325,748 146,599 90,000 12,000 Initial 204,980 160,559 30,000 125,776 26,904 55,935 79,204 47,720 2014 2014 $

– $ $ Payment made made Payment 4,269,542 5,496,051 1,126,374 date to 45,000 49,485 5,650 232,630 517,846 517,846 20,000 28,000 50,334 55,935 $ 78,361 2013 2013 ) asloans andawards $ $ - commitment (expressed in Canadian dollars) in Canadian (expressed Remaining Remaining 9,004,222 7,656,384 1,199,374 Balance 45,000 6,350 97,114 $

85

FACTOR 2013-2014 PWC 86 FACTOR 2013-2014 PWC Notes to Financial Statements toNotes Financial risks investments. withthese associated ket risk andcurrency risk. Thefollowing provides anoverview the of credit risk isnotsignificant. are from due theGovernment Canada.Therefore, of exposure to marketable of portfolio securities andGICs anditsaccounts receivable entirely withonecounterparty. TheFoundation invests primarily ina risk on investments funds isconcentrated held pooled of inaportfolio represents themaximum credit risk exposure. TheFoundation’s credit fail itsobligations. to perform Thecarrying valuefinancialassets of Credit risk to istherisk afinancialinstrumentwill that counterparty financial risks, including credit risk, liquidity risk, interest rate risk, The Foundation’s investment activities may itto avariety expose of 10. instruments Financial transfers were approved by directors. theboard of reserve $2,963,395 fundintheamountof ances theunrestricted of general fundwere transferred to therestricted capital assetfundto thegeneral theinvestment fund.Inaddition, bal During theyear, $174,640 9. Interfund transfers follows: as 2016. Theapproximate future annual minimum leasepayments are committedis also to various operating leases for equipment expiring in to rent of office ten spaceperiod fora years. As at year-end, FACTOR Effective 20, the June 2012, Foundation entered into a agreementlease 2018 and beyond 2017 2016 2015 Credit risk Credit Leases (2013 –$796,755 (2013 Equipment 150,000 158,000 2,000 5,000 1,000 (expressed in Canadian dollars) in Canadian (expressed $

(2013 –$27,448,824 (2013 ). These Office Space Office ) was transferred from the 1,568,000 1,024,000 182,000 181,000 181,000 $

mar-

-

Therefore, exposure to liquidity risk isnotsignificant. liquid. FACTOR has sufficient funds to settle itscurrent obligations. a secondary market exists funds andthusthese are determined to be FACTOR hasinvested inmarketable securitiesandGICs for which are short-term innature, asallamounts are payable withinoneyear. tions astheycome due. Thefinancialliabilitiesof FACTOR Liquidity risk istherisk FACTOR able willnot be to meet itsobliga- comprise 20% of theFoundation’s of comprise 20% investment portfolio. currency risk onitsinvestments in foreign funds, equity which pooled other thantheCanadiandollar. TheFoundation istherefore to exposed invests inequity securitiesthat hold investments priced incurrencies will fluctuate to due changes in foreign exchange rates. The Foundation Currency risk istherisk that thefair value afinancialinstrument of exposure to market risk isnotsignificant. tion’s investment Investments portfolio. are managed to ensure that and foreign funds, equity which pooled theFounda comprise30%of to fluctuationsexposed intheyield onitsinvestments inCanadian will fluctuate to due changes inmarket prices. The Foundation is Market risk istherisk thefuture cash flowsof afinancialinstrument ratevariable debt. Foundation’s investment TheFoundation portfolio. does nothold any investments infixedpooled funds, income which comprise of the 70% to interest rate risk isconcentrated initsinvestments inGICs andits future cash The flowsof afinancialinstrument. Foundation’s exposure affect the fair of fixed securitiesfluctuationsvalue income in or cause Interest rate risk istherisk that achange ininterest rates willadversely Liquidity risk Currency risk risk Market Interest risk rate Notes to Financial Statements toNotes Financial (expressed in Canadian dollars) in Canadian (expressed

-

87

FACTOR 2013-2014 PWC 88 FACTOR 2013-2014 PWC Notes to Financial Statements toNotes Financial representation onFACTOR’s directors. boardof in note are 8. related Theparties thefact of therecipients by have virtue $735,446 awards. Total amounted to outstandingcommitments to parties these which are included inthestatement operations of asloans and $1,287,975of and extended payments $1,162,328 intheamountof course operations, of to related organizations intheamount During theyear, FACTOR approved loans and/or grants, inthenormal 11. transactions Related party asat March 2014, 31, which are disclosedascommitments (expressed in Canadian dollars) in Canadian (expressed

Canadian Music Fund contributions PUBLIC

Broadcasters’ contributions PRIVATE Basic

New Musical Works Program Collective Initiatives Program Initiatives Collective Tangible benefits Canadian development content Satellite radio Satellite Over and above Schedule of Revenue Revenue of Schedule (Schedule 1) (Schedule (expressed in Canadian dollars) in Canadian (expressed 20,444,536 11,943,935 8,500,601 6,160,859 6,268,184 1,935,426 1,663,253 2,232,417 2,184,397 2014 $ 19,543,284 8,433,847 11,109,437 6,268,184 2,165,663 2,245,132 1,960,031 1,013,096 5,891,178 2013 89 $

FACTOR 2013-2014 PWC 90 FACTOR 2013-2014 PWC Comprehensive artist (and emerging artist windup) Comprehensive music company (and direct board approval windup) PRODUCTION RECORDING SOUND Demo Juried sound recording sound Juried artist Comprehensive recording sound Juried Comprehensive music company music Comprehensive MARKETING Repayments REPAYMENTLOAN Digital marketing Showcase production for artists from official language minoritycommunities Industry events COLLECTIVE INITIATIVE PROGRAM Radio marketing fund Marketing and promotion for non-FACTOR funded sound recordings prior to April 1, 2013) Marketing and promotion for FACTOR funded sound recordings (where album funded Showcase production for export ready artists ready export for production Showcase Regional affiliates Sponsorship Video Showcase Tour Songwriter’s workshop development Business Business travel OTHER Awards and Loans of Schedule (Schedule 2) (Schedule (expressed in Canadian dollars) in Canadian (expressed 2,438,284 15,681,574 8,337,243 1,246,443 2,618,884 3,189,022 1,051,930 2,121,546 (404,521) 1,483,071 1,147,844 250,000 1,118,916 482,270 387,300 264,057 970,225 368,575 662,237 820,779 445,514 475,146 378,216 795,162 618,415 275,791 212,851 12,469 2014 $ 14,800,155 1,440,566 1,344,055 2,441,869 4,782,216 1,789,490 1,083,678 6,390,511 1,716,802 1,971,824 (603,931) 1,639,161 345,000 504,324 265,234 790,998 754,933 267,390 773,905 641,356 298,810 345,310 194,456 485,114 541,170 2013 $ - - - Schedule of Administrative Expenses (Schedule 3) (expressed in Canadian dollars) 91

2014 2013 $ $

Salaries and benefits 1,254,096 1,157,791 Occupancy costs 203,116 198,680 Equipment rentals and repairs 60,178 28,918 Automobiles and travel 99,945 112,184 Publicity, promotion and meetings 41,382 21,978 Professional fees 96,944 73,173 Office and general 24,529 51,318 Consulting 48,373 12,694 Subscription 31,181 25,985 Professional development 39,721 27,788 Courier and postage 5,890 15,355 Telephone and communications 22,888 25,969 Insurance 11,584 11,699

1,939,827 1,763,532 FACTOR 2013-2014 PWC 2013-2014 FACTOR We acknowledge the financial support of the Government of Canada through the Department of Canadian Heritage Canada Music Fund and of Canada's Private Radio Broadcasters.