The annual profile review deadline is coming up on Thursday February 28, 2019.
This is an important deadline for music company applicants looking to maintain or increase their company rating.
During the review period, FACTOR reassesses all applicant profiles in the system, following the review company ratings may go up or down. New ratings resulting from the annual review take effect on April 1, 2019.
Applicants should verify that the information provided in their applicant profile is accurate and up to date. This includes providing all data in support of qualifying criteria (such as artist rosters and qualifying releases), and gross revenue.
Music companies that do not update their profiles before the deadline risk losing their company rating if the mandatory information in their profiles has become outdated. They will not have another chance to be rated until the Semi-Annual Review in August (to achieve a 2 or 3 rating), or next year’s Annual Review (to achieve a 4 rating).
IMPORTANT NOTE FOR ARTIST MANAGERS:
– For proof of 2 Canadian artists managed, FACTOR will accept fully-executed management agreements or a completed and signed Artist Manager Deal Summary form only.