France pledges €50m for music, launches ‘festival fund’

A new festival fund, government support for small events and a €50m increase in the CNM budget will support cultural businesses through the coronavirus crisis

News By IQ | 11 May 2020

The French government has pledged a further €50 million to support the country's music industry, as well as establishing a ‘festival fund’ to assist events forced to cancel by the coronavirus outbreak.In a televised address, which followed a meeting with industry representatives on Wednesday 6 March, French minister of culture Franck Riester announced that the National Music Centre (CNM) would have its budget increased by €50m – “a contribution to the aid it has already provided” to the sector, as well as to enable it to “build support plans” for the industry in future, he said.Riester (pictured) also announced the c

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