The Canada Media Fund (CMF) released its annual report “Future Focused,” which shows that its investments in Canada’s screen-based industries unlocked $1.7 billion in industry activity during the 2022-2023 fiscal year, while continuing to advance opportunities for creators and stories from Indigenous and equity-seeking communities.
According to the annual report, CMF programs delivered a total of $360.3 million in funding for the prototyping, development, production, promotion, and export of 1.334 television and interactive digital media projects. Every CMF dollar invested generated $4.85 in production activity from coast to coast.
Furthermore, CMF invested over $63 million in projects led by creators from Indigenous and equity-seeking communities – $3.7 million more than the year before –, and allocated $3.4 million in Sector Development Support funding to 35 projects to bolster the growth of Canada’s audiovisual industry. Moreover, CMF distributed close to $48 million in funding to digital media projects.
“Our annual report demonstrates our unwavering commitment to advancing Canada’s screen-based industry and to supporting diverse and innovative projects that reflect our culture and identities. With ‘Future Focused’ as its overall theme, our annual report showcases how the CMF adapted to challenges and seized opportunities during a year of disruption and uncertainty, while upholding our goals of excellence and inclusion. We are excited to continue working with our stakeholders and collaborators to shape the future of Canadian storytelling,” said Valerie Creighton, President & CEO of CMF.
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