Our Annual Profile Review is coming up! During this period FACTOR re-assesses all artist profiles and applicant profiles in the system. All artist ratings and company ratings may go up or down as a result of this review. The deadline to update profile(s) is Monday, February 29, 2016 at 11:59 pm PT.
The purpose of this review is to ensure that all artists and music companies are rated according to their current level of success and business activity. Current ratings will remain in place until March 31, 2016. New ratings resulting from the Annual Review take effect on April 1, 2016.
For Artists
Artists should note that the Live Performance Calculator is now a mandatory document for the Live Performance section. Artists should also include the Discography Sales Calculator in the Discography section. Please review our updated Artist Profile Qualifying Criteria Guide for full details and assistance with completing artist profiles.
Artists who apply on their own behalf and hold an Approved applicant rating do not need to update or re-submit their applicant profile, unless the artist needs to report a change in address or citizenship.
For Music Company Applicants
All Eligible Music Companies who wish to retain or improve their company rating must fully update their profiles in advance of the Annual Profile Review deadline. This includes providing all data in support of qualifying criteria, such as artist rosters, qualifying releases, and gross revenue as applicable.
The Annual Profile Review is the only opportunity per year for music companies to increase their applicant rating to 4 or 5, which qualifies them for the Comprehensive Music Company program. Companies rated 2 or higher may be eligible to apply to the Business Travel and Business Development programs, depending on their rating.
Music companies that do not update and re-submit their updated profiles before the deadline risk losing their company rating if the mandatory information in their profiles has become outdated. If that happens, they will not have another chance to be rated until the Semi-Annual Review in August (at which point they may achieve a 2 or 3 rating), and next year’s Annual Review (to achieve a 4 or 5 rating).
For assistance updating applicant profiles, please see our Applicant Profile Tutorial.
To Update Profiles
Artists and applicants can log in to factor.ca and review their profiles, ensuring all information is accurate and current.
New ratings will be announced after April 1, 2016. Any projects submitted between February 29, 2016 and April 1, 2016 will be assessed according to the artist or applicant rating as of February 29, 2016.
Take a look at all our deadlines on our Application Deadlines page.
For questions, please contact your Project Coordinator. If you do not have a Project Coordinator, you may contact general.info@factor.ca, or call1-877-696-2215.