Funding by the Canada Media Fund (CMF) has triggered C$1.4 billion ($1.07 billion) in industry activity across the country, per its 2019-2020 Annual Report.
The report also found that C$1 ($0.77) of CMF funding generated $4.12 ($3.15) in production activity, the highest leverage ratio since the CMF was created in 2010. The CMF’s funding programs contributed C$349 million ($267,107,150) to finance the development, production, promotion and export of 1,483 television and digital media projects in 2019-2020. 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.
The CMF 2019-2020 Annual Report details the various programs and initiatives the CMF undertook to support Canada’s audiovisual industry through the fiscal year ending March 31, 2020.