CMF “on more solid footing” as it presents 2018-2019 program budget

TORONTO - The Canada Media Fund (CMF) has set its 2018-2019 program budget at $352 million, up $2.3 million from last fiscal year due in part to a “stable contribution” from the federal government announced last month in Budget 2018.The CMF program budget is supported by revenue estimates for the coming year based on ongoing and new contributions from the Government of Canada; Canada’s cable, satellite and IPTV distributors; and recoupment and repayment revenues from funded productions. This year’s budget reflects the Feds’ contribution with the addition of a top-up of up to $15M to offset declining contributions from Broadcast...