OTTAWA – A reduction in operating expenses helped Canada’s film, television and video post-production industry to post higher profit margins in 2007, said Stats Canada.
The industry reported total operating revenues of $820 million, virtually unchanged from 2006. However, firms reduced their total operating expenses by 2.2% to $752 million which helped push profit margins to 8.4% in 2007, up from 6.5% the previous year.
Ontario firms accounted for 47.8% of total operating revenues in 2007, followed by Quebec firms at 39.4%, and British Columbia firms at 11.1%. Firms in British Columbia posted an operating loss of 2.2%. The cost of goods sold accounted for the largest operating expense at 44.0%, followed by salaries, wages and benefits at 31.9%.
The film, television and video post-production industries consist of companies primarily engaged in providing post-production services to the motion picture and video industries. They include specialized motion picture or video post-production services such as editing, film/tape transferring, subtitling, creating credits, closed captioning, and producing computer graphics, animation and special effects, as well as developing and processing motion picture films.
