Comprehensive Music Company

The Comprehensive Music Company program contributes toward the cost of acquiring, producing and marketing a full-length album.

The program has two funding levels: Upper Tier, for Record Labels rated 4, and Lower Tier, for Record Labels rated 2 and 3 that have been preselected by FACTOR.

Components in this program

All Comprehensive Music Company applications must include the creation of, or licensing of, a new, previously unreleased qualifying album.

Who is Eligible

  • Record Label 2
  • Record Label 3
  • Record Label 4

Only record labels rated 4 are eligible for the Upper Tier of this program.

Record Labels rated 2 or 3, that have been given special access by FACTOR are eligible for the Lower Tier of this program.

Deadlines

This program has rolling deadlines. You can apply multiple times throughout the year, up to the funding maximum.

The timeline to apply for funding for all components of your project expires the later of six months after commercial release, or 24 months after the date of first application for the sound recording.

Funding & Payments

CMC is divided into two tiers, each with two phases.

Upper Tier – For the first phase of the project, FACTOR will contribute 50% of the total eligible budget, to a maximum of $45,000. Projects may also qualify for a second phase of funding up to $40,000, depending on album sales.

Lower Tier – May apply for multiple projects, but are limited to the $35,000 Phase I funding limit. For the first phase of the project, FACTOR will contribute 50% of the total eligible budget, to a maximum of $35,000. Projects may also qualify for a second phase of funding up to $40,000, depending on album sales.

Assessment Process

FACTOR staff assess the eligibility of the projects and costs and make a recommendation to the Board of Directors for their approval. Assessment time is six to eight weeks from the date of application.

FACTOR only assesses music companies hoping to be eligible for the Upper Tier of CMC once per year, at the annual review. Music companies that submit their profile for a rating for the first time may be eligible for the Lower Tier at any time during the year. Existing music companies are only eligible to receive a Lower Tier rating following the annual or semi-annual review. See Business Policies: Eligible Music Companies.