How does OMIF define “core business revenue” for the Music Creation stream?

Appendix 1 of the Music Creation Guidelines outlines the eligible applicant types. Core business revenue for record labels refers to revenue from physical products (CD/DVD/vinyl/merchandise); revenue from digital sales and streaming services; revenue from licensing and sale of rights and permissions (domestic and international); and revenue from commissions and fees from related activities. Core business revenue for music publishers refers to revenue from licensing and sale of rights and permissions; and revenue from commissions and fees from related activities.

While applicants may apply for up to 40% of their average revenue figure for the purpose of the “OMIF amount requested” in their activity budget, please keep in mind that this percentage is intended to reflect the company’s core business revenues as described above. The OMO may seek further information should an applicant’s financial statements not clearly show a revenue breakdown that provides clarity regarding the sources of revenue that comprise the total revenue figure.