Drastic cut in prizes for 2018 Soca Monarch
Winners of this year’s International Soca Monarch (ISM) competition will take home smaller cash prizes as the Government has reduced subventions to Carnival stakeholders.
At a media conference on Monday, Caribbean Prestige Foundation for the Performing Arts chairman Peter Scoon said the competition is still on, despite just $1 million being disbursed from Government to assist with prizes. The organisation also received a subvention of $1.6 million from the National Lotteries Control Board (NLCB).
The third place winner will take home $150,000, the second place winner $200,000 and the winner a cash prize of $300,000.
This year’s cash prizes see a reduction from $500,000 to $300,000 for the first prize and $300,000 to $200,000 for the second prize.
Scoon said, however, he does not believe the scaled back prizes will affect the quality of the show that will be put on at the Queens Park Savannah on February 9.
His associate, Peter C Lewis agreed that the title is more important than the cash incentive.
"As much as it may seem that the prize might be less, to me the prestige of winning the title is what gets you and takes you places. To look at it from that perspective means that you never came into the business to be a musician, you came here to want to win ah money."
Online registration for the competition begins today, with semi-finals scheduled for January 25 at Queen's Park Savannah at 6 pm and the finals on February 9 (Fantastic Friday) at 8 pm.