Radio Starmaker Fund

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Description

Private Broadcasters in Canada have injected over $50 million into The Radio Starmaker Fund (FUND) since 2001 as the sole source of funding. In addition Private Broadcasters have committed through transactional benefits and CCD another $33,000 million which will be distributed over the next several years. This funding is used to provide marketing and promotional support to help launch the careers of emerging Canadian artists. The Fund is a not for profit corporation with a Board of Directors comprised of music industry experts and broadcasters, including appointees from CIMA and CRIA , and has become a foundational element in the Canadian music industry to help advance the careers of rising stars and boost sales of Canadian music. Private radio is dependent on the music industry for the supply of Canadian recordings and the Fund will be one of the means by which we create new Canadian artists that capture audiences and strengthen our Canadian music industry as a whole. The Radio Starmaker Fund flows from the CAB 's suggestion during the 1997 Commercial Radio Policy Hearing, that the existing benefits test be replaced with a minimum contribution to FACTOR/MUSICACTION, and a new Canadian music marketing and promotion fund. The Commission, in December 2006 following its review of radio, endorsed the operation of the Fund and further extended its mandate for the coming years.

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