It is my pleasure in my second year as Chair of the Radio Starmaker Fund to present our outstanding results for fiscal 2019.
We are delighted that this year’s artist approval rate increased from 78% to 88% for qualifying approved applicants. Part of this increase is due to industry transactions that took place in 2017/ 2018, resulting in new broadcaster contributions that have extended the life of the Fund and have allowed RSF to increase its annual budget.
Another contributing factor to the increase in the artist approval rate is the allowance of funding three–song bundles as well as full–length releases. This significant change in the RSF’s funding rules, which became effective in April 2019, ensures that up–and–coming Canadian artists gain eligibility to the Fund when they need it most. The positive effect of this change can be seen in the percentage of funding that went to new artists in fiscal 2019; 27% of the total approved funding went to artists new to the Radio Starmaker Fund, an almost 7% increase from fiscal 2018.
This year we also made changes to our domestic touring program to better reflect the current state of the industry. We increased the funding for Canadian touring dates from $1,500 to $2,000 per date, ensuring that the support for live performances provided to artists remains relevant and continues to help their development and growth.
I would like to thank our Board members for their commitment over the past year. Most importantly, I would like to express the Board’s gratitude to our excellent Radio Starmaker staff, Chip Sutherland, Jerry Leibowitz, and Michelle Farres, who continue to provide the highest level of dedication and support for our very important constituency of Canadian labels and emerging artists.
Radio Starmaker Fund