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 Canadaâ€™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; Canadaâ€™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.
â€œWe understand that a program budget decrease of 5.8 per cent will have an impact on Canadaâ€™s audiovisual industry. Faced with declining revenues, we remain committed to making our programs as efficient and accessible as possible. We have reduced the CMFâ€™s administration budget to direct the most funds possible to our programs,â€ explained Valerie Creighton, President and CEO, CMF. â€œOur funding programs align with the CMFâ€™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.â€ Continue reading.