An exemplary case of private and public cultural investment in conjunction is BMC, the Budapest Music Centre. BMC is an independent initiative, legally a limited company, financed from a number of public and private sources. A regular exhibitor at the MIDEM in Cannes, BMC has mainly focused on contemporary music and jazz. The government contributed both to the construction and the operation of the institution. The new BMC building in the centre of Budapest houses a concert hall, a smaller stage for jazz events combined with a restaurant, residence area and offices.