CMF triggers $1.4B in production activity in 2016/17: annual report

TORONTO – Every one dollar invested by the Canada Media Fund (CMF) to support Canada’s audiovisual industry generated $3.99 in production activity, the highest leverage ratio since the CMF was created in 2010, according to the CMF’s bilingual annual report for the 2016-2017 fiscal year.The CMF invested $361.6M in Canadian television and digital media projects in 2016-2017, down 2.7% (or $10.1 million) from the previous fiscal year. Despite the reduction in funding, a total of $1.4B of industry activity was triggered, a 0.4% increase from 2015-2016. This high level of production activity is a testament to the CMF’s contribution to...