CMF funding triggered $1.5B in production activity, annual report shows

TORONTO – The Canada Media Fund (CMF) announced today it released its 2020-2021 annual report, which shows its funding triggered $1.5 billion in production activity. “Every $1 of CMF funding generated $4.29 in production activity, slightly higher than last year’s $4.12, despite historic challenges as a result of the global pandemic,” a press release says. The CMF fosters, develops, finances and promotes Canadian content production. The Government of Canada and the country’s cable, satellite and IPTV distributors make financial contributions to the CMF. In 2020-2021, the CMF funded 1,309 projects, according to its annual report. It’s program budget for the...