CTV MuchFACT's Finkelstein to Retire

News Index

18 January 2011 -
CTV's MuchFACT recognizes and extends its appreciation to Bernie Finkelstein for his 26 years of service to Canadian musicians. Earlier today, the legendary Canadian music industry figure and co-founder of MuchFACT announced his retirement as Chairman of the foundation.

In 1984, Bernie co-founded the groundbreaking VideoFACT fund (now called MuchFACT) with Moses Znamier to launch in tandem with MuchMusic, Canada's specialty channel dedicated to music. The fund gave grants to independent Canadian artists to create music videos, and later websites and electronic press kits. Because of MuchFACT, more than 63 million dollars has assisted Canadian artists with more than 5,200 projects. These artists include: Alexisonfire, Arcade Fire, Barenaked Ladies, Broken Social Scene, Dragonette, Great Big Sea, Jully Black, Kardinall Offishall, k-os, Metric, Nelly Furtado, Sam Roberts, Sarah McLachlan, Toyko Police Club, Wintersleep, and many more.

"Without a doubt, Bernie has been instrumental in the advancement of Canadian music and Canadian musicians," said Brad Schwartz, Senior Vice-President and General Manager, Much MTV Group, CTV Inc. "He is a legend. He is someone that I deeply admire and have learned a great deal from over the years. I would like to thank Bernie for his dedication to the Canadian music industry and for helping MuchMusic become the cultural icon that it is today."

A proud Torontonian, Bernie has been a prominent figure in the Canadian music industry for an amazing 40 years. He is a member of the Order of Canada and has been inducted into the Canadian Music Industry Hall of Fame. In 1969, Bernie founded True North Records and The Finkelstein Management Company. Since its inception, the music label has sold more than 40 gold and platinum records and received more than 40 Juno Awards. True North Records is Canada's oldest and longest running independent record label. Throughout his distinguished career, Bernie has been known for nurturing and managing career artists including Murray McLauchlan, Barney Bentall, Dan Hill, and Blackie and the Rodeo Kings. Bernie is also still active as the manager of legendary Canadian artist Bruce Cockburn.

A new chair of MuchFACT will be named in the near future.

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