Canadian Media Fund Highlights 2009-10 Achievements

BANFF: The Canadian Television Fund (CTF), now known as the Canada Media Fund (CMF), delivered close to C$328 million in financing to local productions in the year ended March 31, 2010, 14-percent higher than in 2008-2009 and 23-percent higher than the average of the four previous years. 

In the period, 476 production and 352 development television projects were funded, resulting in the creation of over 2,400 hours of new Canadian programming. And the C$10 million Digital Media Program supported 43 English and 34 French digital media projects related to CTF-funded television shows. Revenues for 2009-2010 were C$325 million, including a 6-percent increase in the contribution from cable and satellite service distributors and a stable contribution from the Department of Canadian Heritage.

Valerie Creighton, president and CEO of the CMF, commented: “While ensuring the CTF’s programs successfully delivered almost C$328 million in funds to Canadian productions, we also engaged our stakeholders across the country to participate in an extensive consultation process which informed the creation of the policies and programs of the new Canada Media Fund."