TORONTO — Funding by the Canada Media Fund (CMF) in its last fiscal year triggered $1.4 billion in production industry activity across the country, according to CMF’s newly published 2019-2020 annual report.
According to the CMF news release today, the report found one dollar 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 the CMF plays as a contributor to the creation of more than 180,000 jobs in Canada’s audiovisual sector, says the release.
Released today, the CMF 2019-2020 annual report details the various funding programs and initiatives the CMF undertook to support Canada’s audiovisual industry through the fiscal year ending March 31, 2020.
During the 2019-2020 fiscal year, the CMF’s funding programs contributed $349 million to finance the development, production, promotion and export of 1,483 television and digital media projects. This level of funding and support was made possible due to the continued commitments of the CMF’s funding contributors, namely the Government of Canada, and Canada’s cable, satellite and IPTV distributors.
The CMF’s annual report includes a detailed analysis of results of the CMF’s funding programs, as well as insights into its extensive research and promotion initiatives. To access the CMF 2019-2020 annual report, please click here.
