MONTREAL – Telefilm Canada said Thursday that more than $14 million in private contributions has been raised by its Talent Fund in support of the Canadian feature film industry.
Officially recognized by the CRTC as a certified independent production fund and administered by Telefilm Canada, The Talent Fund helps to finance the production, distribution and marketing of Canadian feature films.
The majority of funds came via acquisitions made by Bell Media for Astral and Corus Entertainment for Historia, Séries+ and Teletoon. The two broadcasters contributed $8 million and $5.7 million, respectively, to the Talent Fund over the next seven years, under the CRTC’s Tangible Benefits Policy.
In addition, the Fund has received private donations from across the country from individuals and corporations, including Entertainment One Films Canada, Kivuto Solutions Inc., The Virmani Family Charitable Foundation, Allan and Patricia Markin, Larry and Carolyn Hursh, RGG Management Ltd., Temple Street Productions, and Rita Milenkovic.
"The industry is focused on diversifying its funding sources and on doing more to promote its talent”, said Telefilm's executive director Carolle Brabant, in the news release. “We would like to thank Bell Media and Corus Entertainment for contributing to the success of the audiovisual industry in Canada and to its competitiveness in international markets. We are also grateful to our generous donors from coast to coast whose commitment emphasizes the value they hold for Canadian films."
www.telefilm.ca
