CMF will receive funding support on an ongoing basis starting April 1, 2011

Canada Media Fund welcomes the announcement of the Government of Canada’s commitment to support it on an ongoing basis

The Canada Media Fund (CMF) thanks the Government of Canada and particularly the Minister of Canadian Heritage and Official Languages, the Honourable James Moore, for announcing in the Budget that the CMF will receive funding support on an ongoing basis starting April 1, 2011.

“This is a very significant commitment,” declared Louis Roquet, Chair of the CMF’s Board of Directors, “one that will enable the CMF to truly play its part in Canada’s Digital Economy Strategy by providing ongoing funding support for the creation and promotion of content for all Canadians on the platforms of their choice”.

The Government’s contribution of $100 million, combined with the funding the CMF receives from Canada’s cable and satellite distributors, will enable the CMF to provide over $350 million to the television and digital media industry in 2011-2012.

“With the help of this commitment, the CMF will continue to drive innovation and to support Canada’s creative talent in contributing to our competitiveness in the global marketplace for content,” stated Valerie Creighton, President and CEO of the CMF.  “This is most welcome news for the industry as a whole.”

 

For information:Steve Flanagan

Director of Communications

514.916.2512

sflanagan@cmf-fmc.ca

 

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