From a media release:
Released today, the Canada Media Fund (CMF)’s 2021-2022 Annual Report shows that our investments in Canada’s screen-based industries triggered a record-breaking $1.9B in production across the country. Every $1 of CMF funding generated $5.16 in production activity, the highest leverage ratio since the CMF was created in 2010, and played a key role in creating close to 217,000 jobs in Canada’s screen sector.
“The industry we serve is on the verge of a magnitude of change—and it’s long overdue,” says Valerie Creighton, President and CEO, CMF. “We are proud to generate record-breaking production activity across Canada’s screen-based industries, but even more importantly, we delivered over $60M for equity-seeking communities through our Equity and Inclusion Strategy. One of our main priorities is to ensure a truly accessible and inclusive screen sector that supports all storytellers in bringing their stories to screens here at home and beyond our borders.”
As the industry rapidly evolves, CMF programs delivered $359M in funding for the prototyping, development, production, promotion, and export of 1,433 television and digital media projects in 2021-2022. This level of investment and support was made possible thanks to the continued commitments of the CMF’s funding contributors: the Government of Canada, and Canada’s cable, satellite, and IPTV distributors.
As showcased in our 2021-2022 Annual Report, the CMF’s funding programs, as well as our extensive research and promotion initiatives, are clear examples of the fundamental role we play in driving Canada’s digital economy and supporting our nation’s cultural diversity.