Canada Media Fund Enters Co-Development Pact with Brazil’s SP Cine

TORONTO: The Canada Media Fund (CMF) and Brazil's SP Cine have struck an agreement to provide financing for the development of co-productions.

The pact is designed to foster the development of projects for TV, games and other digital media. The incentive budget is set at C$200,000, to which each organization will contribute half of the total amount. Projects must involve at least one São Paulo-based production company and one Canadian production company.

Valerie Creighton, CMF's president and CEO, said: “The CMF is pleased to collaborate with SP Cine in order to foster and develop opportunities for producers in both Canada and Brazil. Like our agreement with Rio Filme earlier this year, we look forward to having Canadian producers seize this opportunity to partner with producers in Brazil. The audiovisual industry in both countries can benefit from the wealth of talent and ideas our talented producers have to offer.”

Alfredo Manevy, SP Cine's president and CEO, added: “We are very glad to sign our first international agreement with Canada. This is a testament to our huge interest in developing and producing with this country. São Paulo extended the nature of the agreement between the CMF and Rio Filme, also offering incentives for variety and performing arts as a format for TV projects, as well as Internet, digital games and their related transmedia projects. Innovation is a key word for us.”