BREAKING FILM NEWS

Wednesday, June 10, 2009

Canadian Television Fund: 2008-09 Funding Highlights...

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The Canadian Television Fund (CTF) has just released highlights from its 2008-2009 fiscal year, ending March 31, 2009.

"Over the past year, the CTF funded a greater number of productions through the disbursement of 12% more funding compared to the average of the four prior years," said Valerie Creighton, President and CEO of the Canadian Television Fund.
"Our streams of funding were expanded to support the industry's move towards new media."

The $2 million 'Digital Media Pilot Program' had all funds allocated within the first six weeks, supporting 20 English and 10 French productions.

The $5 million 'Production Incentive Pilot Program' supported English production in Quebec and Atlantic Canada where volumes had dropped significantly below their historic averages. The incentive was entirely allocated, benefiting 11 projects from Quebec and 16 projects from Atlantic Canada.

The CTF also enhanced communication with its stakeholders by launching "interacTVity", a monthly electronic newsletter and "The Quarter" was developed to provide funding contributors with quarterly updates on CTF funding results.

Other highlights of funding results from 2008-2009 include:

- Revenues for 2008-2009 were $316 million, with an 11% increase in the
contribution from broadcasting distribution undertakings and a stable
contribution from the Department of Canadian Heritage;

- Administrative expenses were limited to 4.3% of revenues, including
costs incurred by both the CTF and the Television Business Unit at
Telefilm Canada, which administers the CTF's programs;

- 475 production and 325 development projects were funded, with total
budgets of over $943 million and $18 million, respectively; this
resulted in the creation of 2,210 hours of new Canadian programming;

Fostering the growth of television production in Canada through financial investment and industry research, the Canadian Television Fund (CTF) supports the development of Canadian talent, programs and audiences.
The Canada Media Fund, an amalgamation of the Canadian Television Fund and the Canada New Media Fund, launches April 1, 2010 to support the development of content designed for television/new media platforms....