Budget 2018: Creators get much needed funding, low earth orbit receives boost, too

By Perry Hoffman

OTTAWA – The federal government has followed through on its commitment to top up the Canada Media Fund in the face of declining contributions from broadcast distribution undertakings (BDUs). Minister of Canadian Heritage Melanie Joly first made the announcement last September when she unveiled Creative Canada.Budget 2018 has committed $172 million more dollars over five years, starting this year, to maintain the CMF’s funding” at 2016-2017 levels. CMF will receive $15 million this year, $29 million in 2019-20 and then $42.5 million in the following three years.The Liberals noted that the actual amount of money will vary each year depending...