CMF funding triggers record-breaking $1.9B in industry activity, says 2021-2022 Annual Report
Toronto/Montréal, September 2, 2022 — Released today, the Canada Media Fund (CMF)’s 2021-2022 Annual Report shows that our investments in Canada’s screen-based industries triggered a record-breaking $1.9B in production across the country. Every $1 of CMF funding generated $5.16 in production activity, the highest leverage ratio since the CMF was created in 2010, and played a key role in creating close to 217,000 jobs in Canada’s screen sector.
Click here to access the CMF’s 2021-2022 Annual Report outlining the results of all CMF programs and initiatives that support our country’s screen industry and incredible creative talent.
“The industry we serve is on the verge of a magnitude of change—and it’s long overdue,” says Valerie Creighton, President and CEO, CMF. “We are proud to generate record-breaking production activity across Canada’s screen-based industries, but even more importantly, we delivered over $60M for creators from equity-seeking communities through our Equity and Inclusion Strategy. One of our main priorities is to ensure a truly accessible and inclusive screen sector that supports all storytellers in bringing their stories to screens here at home and beyond our borders.”
As the industry rapidly evolves, CMF programs delivered $359M in funding for the prototyping, development, production, promotion, and export of 1,433 television and digital media projects in 2021-2022. 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.
As showcased in our 2021-2022 Annual Report, the CMF’s funding programs, as well as our extensive research and promotion initiatives, are clear examples of the fundamental role we play in driving Canada’s digital economy and supporting our nation’s cultural diversity.
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. To learn more, visit cmf-fmc.ca.
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