MUSIC NEWS
NZ On Air Reveals Music Funding Scheme Changes

NZ On Air Reveals Music Funding Scheme Changes

Thursday 9th June, 2016 11:47AM

In an effort to better support local music, NZ On Air has announced changes to its funding scheme which are set to take effect from 1st July. Read the full statement from NZOA below...



NZ On Air’s support for new music is changing to recognise the fast changing nature of audience behaviour, and to better connect audiences with local music.

For the last five years NZ On Air has supported music through the Making Tracks funding scheme, which has allowed artists to apply for funding for recording singles and music videos. The New Music schemes, to be in place from 1 July, create two different paths to funding and allow more flexibility.

The New Music [Project] funding scheme will support artists with the backing of a professional music company that can co-invest at least 40% of the costs. Artists will be able to access between $7,500 and $30,000 for a music project consisting of at least two consecutive single releases.

The New Music [Single] funding scheme will support both signed and unsigned artists to record a single and video. Up to $8,000 will be available per song, with the artist co-investing $2,000.

A key change in the new funding schemes allows support for promoting the songs, which is crucial in helping artists find their audience. $2million dollars will be available for new music support in 2016/17. There will continue to be a 60/40 ratio target for mainstream and alternative music funding.

“With the new project-based funding we will partner in multi-single projects with professional NZ music companies who can provide the expertise, planning and support to ensure the best possible airplay and online outcomes for artists,” said NZ On Air’s new Head of Music and Radio David Ridler. “At the same time we are keeping a single-based funding scheme so any artist who has a great song and has started to generate an audience can still apply for funding.”

“There are so many platforms for music today that getting noticed is really challenging. Ultimately we are aiming for more people discovering and enjoying more NZ music on radio and online,” said Mr Ridler.

The New Music funding scheme is part of a wide-ranging review of NZ On Air’s funding strategy which will be revealed shortly. NZ On Air is changing its approach to keep pace with changing audience behaviour.



Further details of the New Music funding scheme can be found at www.nzonair.govt.nz/music





your comments






Subscribe
Popular