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OMIF - Music Industry Initiatives: Global Market Development for Music Managers

FUNDING DEADLINES

Music :

Music Industry Initiatives

Deadline

October 27, 2022
5:00 PM EST

Music :

Live Music

Deadline

October 20, 2022
5:00 PM EST

Music :

Music Creation

Deadline 1

May 5, 2022
5:00 PM EST

Deadline 2

September 15, 2022
5:00 PM EST

Music :

Global Market Development for Music Managers

Deadline

June 16, 2022
5:00 PM EST

Music Industry Initiatives: Global Market Development for Music Managers provides eligible music management companies with funding to participate in national and international activities that correspond to a strategy for company growth. These activities must produce measurable business and market development results for the participating company (sales, financing, licensing and/or publishing deals, audience awareness, media coverage, partnership development, etc.). Primary activities supported are market event attendance and targeted activities that support the market development strategy.

Funding is provided in the form of direct grants towards the costs of eligible activities. Global Market Development for Music Managers stream requires applicants to provide a matching contribution to ensure that maximum ROI is achieved from provincial investment. Applicants must demonstrate clear, measurable results which align with the stream objectives.

Deadline

  • Thursday, June 16, 2022 5:00 PM ET
    for activities taking place from August 1, 2022 to July 31, 2023

Eligible Applicants

This program is open to music management companies that are primarily engaged in representing or managing musicians and musical groups.

In addition, music management companies must:

  • Have core business activities that:
    • guide the professional careers of artists in the domestic and international entertainment industry by overseeing their day-to-day business affairs;
    • advise and counsel artists concerning professional matters, long-term plans and strategic decisions which may affect their career; and
    • engage in marketing, promotion and consulting on all facets of an artist’s career.
  • Have minimum annual revenues of $25,000 from core business activities as a music manager;
  • Be managing at least two artists (although exceptions may apply to managers with one artist should the artist’s career be at an advanced, international level);
  • Have a current artist roster that is at least 50% Canadian; and
  • Manage at least one artist with commercial release within the last 24 months.

First–time applicants are strongly encouraged to contact the Ontario Music Office (OMO) a minimum of two weeks ahead of the application deadline to discuss their eligibility. Applicants that fail to do so may have their application deemed ineligible/incomplete if eligibility is not clearly established in the application.

Note: Full eligibility requirements can be found in the Global Market Development for Music Managers Guidelines.

Funding

  • Up to 50% towards the cost of eligible activities.
  • The maximum funding request is $10,000.

Application Process

IMPORTANT: First-time applicants are strongly encouraged to contact the OMO at least two weeks ahead of the application deadline to discuss eligibility. Email inquiries to OMO@ontariocreates.ca.

  • Applicants must submit their applications electronically through the Ontario Creates Online Application Portal (OAP) at https://apply.ontariocreates.ca.
  • Applicants that do not have a user account on OAP should go to https://apply.ontariocreates.ca/ and click on “Register.” For assistance, please see Ontario Creates’ website for the “OAP Quick Start Guide”.
  • For technical assistance, please contact the OAP Helpdesk at applyhelp@ontariocreates.ca.
  • Applicants are strongly encouraged to begin the application process early to allow ample time to compile and complete the necessary information. The application may be worked on incrementally, saving information as it is entered. Once saved, it's possible to go back and edit/add information up until the application is completed and ready to be submitted.

Late applications will not be considered for funding.

Prior discussion with Ontario Creates regarding the eligibility of an activity does not guarantee funding.

INFORMATION SESSION

Interested applicants are strongly encouraged to attend an upcoming Ontario Creates Information Session.

Please complete the online registration form by 5:00 pm ET on the day prior to the Information Session.

Webinar

REGISTRATION CLOSED

Date :

Tuesday, May 10, 2022

Hour :

11:00 AM - 12:00 PM EST

Recording of Information Session held on May 10, 2022.

Attending an Information Session is not a substitute for reading the guidelines. Please read the guidelines.

Enquiries

Program Coordinator, Music Industry Initiatives; Global Market Development for Music Managers
416-572-0436
OMO@ontariocreates.ca

Inquiries regarding the Online Application Portal (OAP) should be directed to applyhelp@ontariocreates.ca

To receive notification of upcoming deadlines and program updates, please register with your complete contact information, including your full name, company name and telephone number, as well as the name of the program that you are interested in.

Frequently Asked Questions


OMIF - General

  • The OMIF (formerly the Ontario Music Fund) was launched in 2020 to provide targeted economic development investment to the province’s vibrant and diverse music industry.

    The Key Program Goals:

    • Focus resources on music companies/organizations with strong growth potential by:
      • Providing investment to drive long-term growth; and
      • Maximizing ROI and enhancing opportunities for emerging talent.
    • Strengthening support at critical stages in the career of artists.

    The OMIF has three program streams:

    • Music Creation
    • Music Industry Initiatives (includes Global Market Development for Music Managers)
    • Live Music
  • The program provides support through three program streams – applicants include:

    • Music Creation — eligible domestic and multinational record labels and domestic music publishers. Eligibility as a domestic record label may extend to high potential self-releasing BIPOC (Black, Indigenous, People of Colour) and Francophone artist-entrepreneurs.
    • Music Industry Initiatives — eligible music industry trade associations and music service associations.
      • Music Managers are eligible for global market development support.
    • Live Music — eligible domestic music promoters and presenters (including festivals)
      • Domestic music promoters and presenters with revenues under $1M who meet the eligibility criteria for OMIF as well as Reconnect Ontario may not receive funding from both programs for the same event in the same activity window. Domestic music promoters and presenters (including festivals) with revenues over $1M who meet the eligibility criteria of Reconnect Ontario are NOT eligible to apply for OMIF..
      • Domestic music promoters and presenters with revenues over $1M who do not meet eligibility criteria for the Reconnect Ontario may be considered eligible for OMIF support. Please contact the Ontario Music Office (OMO) a minimum of two weeks ahead of the application deadline to discuss eligibility.
      • First–time applicants are strongly encouraged to contact the OMO a minimum of two weeks ahead of the application deadline to discuss their eligibility.
  • Under OMIF, an emerging artist is defined as an artist or group that has not achieved Gold Album status in Canada in the past 6 years and has had no more than 3 gold albums in their career (Gold Album threshold is currently 40,000 Album Equivalent Units sold). The Gold Record threshold is a useful guide to identify artists at earlier stages in their careers. If you are unsure of an artist’s status, visit https://musiccanada.com/gold-platinum/.


    Recognizing that the meaning of “emerging” may vary for different artists/genres/communities, alternative approaches to defining an emerging artist may be considered if accompanied by a sound rationale. Applicants may apply for activities that support artists at all stages in their careers, but funding for emerging artists will be prioritized.


    Applicants may apply for activities that support Canadian artists at all stages in their careers, but funding for emerging artists will be prioritized.

  • A “Canadian Artist” must be a Canadian citizen or have landed immigrant status. A Canadian group is defined as having more than one member, at least half of whom are Canadian citizens or permanent residents.

OMIF - Music Industry Initiatives: Global Market Development for Music Managers

  • The activity window is from August 1, 2022 –July 31, 2023. Spending may commence as of August 1st provided that a valid certificate of insurance is in place.

    Note: Applicants that choose to commence spending prior to funding approval do so at their own risk.

OMIF - Technical

  • Financial statements for the most recently completed fiscal year and the previous fiscal year, for a total of two sets of financial statements are required. Financial statements must be current and dated within six months of the applicant’s fiscal year-end.


    For example, for the September 15, 2022 deadline, if the applicant’s fiscal year-end is prior to and including February 28, 2022, then financial statements for 2021 or 2022 (most recently completed fiscal year) and 2021 or 2020 (previously completed fiscal year) are required upon application submission. For the October 20 & October 27, 2022 deadlines, if the applicant’s fiscal year-end is prior to and including March 31, 2022, then financial statements for 2021 or 2022 (most recently completed fiscal year) and 2021 or 2020 (previously completed fiscal year) are required upon application submission.

  • Financial statements must be current and dated within six months of the applicant’s fiscal year-end.

    • Internally prepared statements will be accepted for applications requesting $15,000 or less (note: minimum request is $10,000).
    • A minimum of Compilation Engagement Report or Notice-to-Reader financial statements will be accepted for applications requesting more than $15,000 and up to $150,000. Financial statements must be prepared and signed by a third party accountant who is a member in good standing of a provincial branch of the Chartered Professional Accountants (CPA).
    • Review engagement or audited financial statements are required for applications requesting more than $150,000, and must be conducted by an independent public accountant.
  • “Permanent establishment” generally refers to a fixed place of business. However, whether a fixed place of business is a “permanent establishment” is a question of fact which must be determined on a case-by-case basis. In interpreting the term “permanent establishment”, the courts have considered factors such as: the degree of the corporation’s control over the place of business, the degree of continuity and permanence of the place of business and the presence of personnel and routine activities.

  • Canadian-controlled corporation” is generally a corporation that is more than 50% owned by Canadians, as determined under sections 26 to 28 of the Investment Canada Act (Canada).

  • To be considered Ontario-based, the company must be registered in Ontario and have a permanent office in Ontario.

  • Air travel should be budgeted at economy rates and should reflect the costs of booking at least 30 days in advance of travel. Accommodation expenses should be at moderate per night rates and should reflect the average for the travel destination/activity, and per diems are capped at C$75/day for domestic travel and C$100/day for international travel (including daily meals and incidentals).

  • As outlined in the OMIF Guidelines, costs related to capital expenditures (i.e. equipment, software) are restricted to specific circumstances. In the circumstances where costs related to capital expenditures are permitted to be included in the activities budget, an applicant can only include the “amortization expense” related to the cost of the capital expenditure. Where a capital asset has been rented, the actual rental cost is permitted for inclusion.


    The amortization expense for each capital expenditure must be calculated using the prescribed amortization method outlined in each program stream guideline (i.e. straight line method, % of cost). See the applicable guidelines to determine the maximum amount of amortization expense that is eligible to be included in the activities budget.

  • No. Taxes that are recoverable by the applicant may not be included in the Activities Budget or claimed as an eligible cost in the Final Cost Report.

  • Related parties exist when one party has the ability to exercise, directly or indirectly, control, joint control or significant influence over the other. Two or more parties are related when they are subject to common control, joint or common significant influence. Related parties also include management and immediate family members.


    A related party transaction is a transfer of economic resources or obligations between related parties, or the provision of services by one party to a related party, regardless of whether any consideration is exchanged. The parties to the transaction are related prior to the transaction. When the relationship arises as a result of the transaction, the transaction is not one between related parties.


    Control of an enterprise is the continuing power to determine its strategic operating, investing and financing policies without the cooperation of others.


    Joint control of an economic activity is the contractually agreed sharing of the continuing power to determine its strategic operating, investing and financing policies.


    Significant influence over an enterprise is the ability to affect the strategic operating, investing and financing policies of the enterprise.


    [This definition is quoted directly from the CICA Standards & Guidance Collection paragraph 3840.03.]

  • One corporation is associated with another in a taxation year if, at any time in the year:

    • One of the corporations controlled, directly or indirectly in any manner whatever, the other;
    • Both of the corporations were controlled, directly or indirectly in any manner whatever, by the same person or group of persons;
    • Each of the corporations was controlled, directly or indirectly in any manner whatever, by a person and the person who so controlled one of the corporations was related to the person who so controlled the other, and either of those persons owned, in respect of each corporation, not less than 25% of the issued shares of any class, other than a specified class, of the capital stock thereof;
    • One of the corporations was controlled, directly or indirectly in any manner whatever, by a person and that person was related to each member of a group of persons that so controlled the other corporation, and that person owned, in respect of the other corporation, not less than 25% of the issued shares of any class, other than a specified class, of the capital stock thereof; or
    • Each of the corporations was controlled, directly or indirectly in any manner whatever, by a related group and each of the members of one of the related groups was related to all of the members of the other related group, and one or more persons were members of both related groups, either alone or together, owned, in respect of each corporation, not less than 25% of the issued shares of any class, other than a specified class of the capital stock thereof.

    [This definition is quoted directly from Subsection 256(1) of the Income Tax Act (Canada)].

  • A recoupable expense is an amount of money, and/or the cost of goods or services that is offered to an artist in a recording, license, publishing, performance or any service agreement; the recoupable amount is then paid back to the record label or publisher, usually at the rate of the artist’s share of royalties and/or other form of earnings. Recoupable amounts are generally paid back to the offer in first position, meaning that the artist receives no royalties until recoupment.


    Applicants will be required to clearly state recoupable expenditures where applicable. OMIF funding provided to eligible Applicants for artist expenditures and investment may be nonrecoupable in certain cases.

  • For consistency, OMIF will recognize all FACTOR funding as 50% public and 50% private. Radio Starmaker Fund is 100% private. Applicants should list the applicable funding from these entities in the appropriate lines in the Financing Sources section of the Activity Budget Financing Plan.

  • Business Plans must contain, at minimum, the following components:

      • Applicant profile (company history, the team, and description of the unique space you fill in the marketplace)
      • Overview of business activities, including and short/long-term goals. Outline competitive strengths, artist development strategies, human resources, corporate financing and other key details
      • A S.W.O.T. analysis (strengths, opportunities, weaknesses, threats) that demonstrates your knowledge of the market conditions in which you are operating
      • An outline of risk management and mitigation plans for any risk factors (including financial, logistical, HR, operational, environmental, health & safety, and legal) that could potentially impact your operations and proposed activities.
      • Case for Eligible Activities to be Funded: How can these activities take you to the next level? We want to help you grow beyond what you’re already doing…. Present a clear picture of how, with our assistance, you can make this happen. (Essentially we are looking for an analysis of how OMIF support will contribute to company growth and long-term potential; how your company demonstrates the capacity to undertake the proposed activities, and what the anticipated outcomes are for activities. Please refer to Appendix 2 of the guidelines for a list of potential Measurable Outcomes that you could speak to in your business plan.
  • At the time of the application, eligible applicants are only required to acknowledge they have or can obtain general liability insurance.


    Successful funding recipients must provide a Certificate of Insurance before the transfer payment agreement can be executed and it must contain all of the following criteria:

    • Commercial general liability insurance on an occurrence basis for third-party bodily injury, personal injury, and property damage, to an inclusive limit of not less than two million dollars ($2,000,000) per occurrence
    • Ontario Media Development Corporation* and Her Majesty the Queen in right of Ontario as additional insureds with respect to liability arising in the course of performance of the Recipient’s obligations under, or otherwise in connection with, the Agreement (Address: 175 Bloor Street East, South Tower , Suite 501, Toronto, ON M4W 3R8)
    • Cross-liability clause
    • Contractual liability coverage
    • 30-day written notice of cancellation, termination, or material change

    * Ontario Creates’ legal name is Ontario Media Development Corporation. When naming additional insureds on the certificate, please use “Ontario Media Development Corporation and Her Majesty the Queen in right of Ontario” (not Ontario Creates)

    Please note the eligibility activity window will reflect the first day that you are insured until the last date of the activity window.

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