The Canada Media Fund (CMF)’s “2021-2022 Annual Report” shows that its investments in Canada’s screen-based industries triggered a record-breaking $1.9 billion in production across the country. Every $1 of CMF funding generated $5.16 in production activity, the highest leverage ratio since the CMF was created in 2010, and played a key role in creating close to 217.000 jobs in Canada’s screen sector.
“The industry we serve is on the verge of a magnitude of change — and it is long overdue. We are proud to generate record-breaking production activity across Canada’s screen-based industries, but even more importantly, we delivered over $60 million for equity-seeking communities through our Equity and Inclusion Strategy. One of our main priorities is to ensure a truly accessible and inclusive screen sector that supports all storytellers in bringing their stories to screens here at home and beyond our borders,” said Valerie Creighton, President and CEO of CMF.
As the industry rapidly evolves, CMF programs delivered $359 million in funding for the prototyping, development, production, promotion, and export of 1.433 television and digital media projects in 2021-2022. 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 delivers financial support to the Canadian television and digital media industries through two streams of funding: the Experimental Stream, which encourages the creation of leading-edge interactive digital media content and software applications; and the Convergent Stream, which supports the creation of innovative convergent television and digital media content for consumption by Canadians anytime, anywhere.
One of our main priorities is to ensure a truly accessible and inclusive screen sector that supports all storytellers in bringing their stories to screens here at home and beyond our borders.” Valerie Creighton President and CEO of CMF