Friday, December 17, 2010

The not so big payback

Following on from his column last Friday on NZ On Air, John Drinnan returned to the matter in today's column, noting that NZOA had got a lot of reaction to stories on it funding the latest album from Annabel Fay, saying " supporters of the scheme criticised this column for not pointing out that NZ On Air is able to recoup money from sales.

"However, it is not clear that recoupment made a big difference. New Zealand On Air advises that 31 album grants were made in the 2009/10 financial year, which would amount to around $1.55 million.

" Recoupments from funded albums for the financial year July 1, 2009, to June 30, 2010, totalled $146,816, plus GST. Not all 09/10 funded albums have been released."

NZ On Air's annual report (pdf) says that of the 31 albums funded, " 80% are new artists (artists making their first NZ On Air-funded album) or emergent artists (artists making their second funded album)."

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