From a media release:
The Canada Media Fund (CMF) announced today Program Guidelines for the 2017-2018 fiscal year. The CMF also announced it is committing $349.7M to support Canada’s television and digital media industry in 2017-2018. The breakdown of the 2017-2018 program budget can be accessed here.
The CMF program budget is supported by revenue estimates for the coming year based on contributions from the Government of Canada; Canada’s cable, satellite and IPTV distributors; and recoupment and repayment revenues from funded productions. The program budget reflects a stable contribution from the Government of Canada and an expected decline in contributions from Broadcast Distribution Undertakings to the CMF for the year to come.
“We understand that a program budget decrease of 5.8 per cent will have an impact on Canada’s audiovisual industry. Faced with declining revenues, we remain committed to making our programs as efficient and accessible as possible. We have reduced the CMF’s administration budget to direct the most funds possible to our programs,” explained Valerie Creighton, President and CEO, CMF. “Our funding programs align with the CMF’s corporate objectives, requirements established by Canadian Heritage, and are the result of an analysis of results from 2016-2017 and important feedback from stakeholders.” Continue reading.