p2pnet.net news view:- Canada’s Nettwerk Productions is on the receiving end of a handsome windfall. The Canadian government has awarded it more than half-a-million dollars.

The money, a cool $650,000, comes through the Department of Canadian Heritage’s Music Entrepreneur section of the Canada Music Fund.

“The component enables a greater number of established Canadian music entrepreneurs to offer a diverse range of musical choices, become increasingly competitive internationally, and prepare to succeed in a digitized global environment,” says a press statement.

That’s great news for Nettwerk, and more power to it. It made a huge contribution to music as a whole when it quit the RIAA bandwagon

However, it’s a dynamic company on an upward spiral representing a raft of internationally famous artists of the caliber of Sarah McLachlan, Avril Lavigne and Barenaked Ladies.

Wouldn’t the federal dollars have done more good split up and awarded to less well established indie labels which are struggling to survive?

JN

Slashdot it!

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This entry was posted on Friday, April 6th, 2007 at 1:32 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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