CMF funding sparks $1.7B in industry activity, furthers inclusion and equity in screen industries: 2023-2024 Annual Report
Toronto, September 27, 2024 – The Canada Media Fund (CMF) today released our 2023-2024 Annual Report, Powering Creativity. The report shows that our investments in the Canadian audiovisual and interactive digital media sectors triggered $1.7B in industry activity and advanced equity, diversity, inclusion, and accessibility in the Canadian screen sector.
Key takeaways from Powering Creativity
- CMF programs invest $379.7M in 1,496 audiovisual and interactive digital media projects.
- Every dollar invested by the CMF generated $4.52 in production activity across the country.
- Our total commitment to underrepresented communities reached $68.5M—$5.5M more than in the previous fiscal year.
- We allocated $4.6M in Sector Development Support funding to 73 initiatives that addressed industry gaps in distinct and identified areas, including Canada’s regions and Indigenous and Equity-Deserving Communities.
- Over $48M was invested in interactive digital media projects.
“With the theme Powering Creativity, our Annual Report underscores the CMF’s commitment to advancing Canada's screen industry through strategic investments, expanding equity, diversity, inclusion, and accessibility, and supporting the best Canadian and Indigenous stories nationwide,” says Valerie Creighton, CEO and President, CMF. “We look forward to continuing our work with our partners and supporters to create more opportunities for creators across all platforms and drive growth in the sector.”
Read Powering Creativity, the CMF’s 2023-2024 Annual Report
The CMF thanks our funding contributors—the Government of Canada, and Canada’s cable, satellite, and IPTV distributors—for their continued commitment to Canada’s screen-based industries.
About the Canada Media Fund
The Canada Media Fund (CMF) fosters, develops, finances, and promotes the production of Canadian content and applications for all audiovisual media platforms. The CMF guides Canadian content towards a competitive global environment by fostering industry innovation, rewarding success, enabling a diversity of voices, and promoting access to content through public and private sector partnerships. The CMF receives financial contributions from the Government of Canada and Canada’s cable, satellite, and IPTV distributors. Visit our website for more information.
Media Contact
Maxime Ruel
Senior Manager, Communications
[email protected]
