The Canada Media Fund (CMF) thanks the Government of Canada and particularly the Minister of Canadian Heritage and Official Languages, the Honourable James Moore, for announcing in the Budget that the CMF will receive funding support on an ongoing basis.
“This commitment will enable the CMF to truly play its part in Canada’s Digital Economy Strategy”, commented Louis Roquet, Chair of the CMF’s Board of Directors.
The Government’s support, combined with the funding that the CMF receives from Canada’s cable and satellite distributors, will enable the CMF to provide over $370 million to the television and digital media industry in 2011-2012 and to support the creation of quality Canadian content on multiple platforms.
“This is most welcome news for the industry as a whole” stated Valerie Creighton, President and CEO of the CMF. “With the help of this commitment, the CMF will continue to drive innovation and to support Canada’s competitiveness in the global marketplace.”
As a result of this announcement, the CMF will now be in a position to release a supplementary program budget of $100 million which, combined with the preliminary program budget of $271 million announced on March 31, will amount to a total program budget of $371 million for 2011-2012.
The total funding allocated to each of the CMF’s programs is outlined below, please click the image for full-size view.