CMF funding triggers over $1.4B in industry activity, says 2019-2020 annual report
Toronto, September 1, 2020 - Funding by the Canada Medua Fund (CMF) triggered $1.4B in industry activity across the country, according to its newly published 2019-2020 Annual Report. The report also finds that $1 of CMF funding generated $4.12 in production activity, the highest leverage ratio since the CMF was created in 2010. These figures illustrate the key role played by the CMF as a contributor to the creation of over 180,000 jobs in Canada’s audiovisual sector. Click here to access CMF 2019-2020 Annual Report.
In a context of rapid industry evolution and the upheavals caused by the COVID-19 pandemic, the CMF’s funding programs contributed $349M to finance the development, production, promotion and export of 1,483 television and digital media projects in 2019-2020. This level of investment and support was made possible thanks to the continued commitments of the CMF’s funding contributors: the Government of Canada, and Canada’s cable, satellite and IPTV distributors.
The CMF 2019-2020 Annual Report details the various programs and initiatives the CMF undertook to support Canada’s audiovisual industry through the fiscal year ending March 31, 2020.This includes a detailed analysis of results of the CMF's funding programs, as well as insights into its extensive research and promotion initiatives, all of which serve to illustrate the important role the organization plays as a major driver of Canada’s digital economy.
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 voice 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. Please visit cmf-fmc.ca.
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