Program Funding Summary
Total CMF Program Funding
With the continued support of its funding contributors, the Canada Media Fund (CMF) invested $342.3M in Canadian television and digital media projects in 2017-2018, a $19.3M decrease, or -5.4%, from the previous fiscal year. Despite the reduction in funding, a total of $1.4B of industry activity was triggered, a 1.8% decrease from 2016-2017.
Breakdown by Program
|Commercial Projects Pilot Program||4.5|
|Web Series Pilot Program||3.5|
|Performance Envelope Sub-total||227.0|
|Development Envelope Sub-total||8.7|
|English Regional Production Bonus||12.9|
|Convergent Digital Media Incentive||9.8|
|Quebec Regional French Incentive||2.1|
|English Regional Pre-development||1.2|
|Regional French Development||0.3|
|Export Programs Total||3.1|
|International Incentives Total||1.4|
The Convergent Stream received 86.9% of funding, with 11.8% supporting the Experimental Stream, and the remainder going to export-related programs and coproduction incentives. The Convergent Stream dedicated $297.3M to Canadian screen-based projects including television programming and related digital media content. The Experimental Stream, including the Accelerator Partnership Program, provided $40.5M for 118 projects from across the country, spurring $72.1M in economic activity within Canada’s digital sector. CMF contributed $1.4M to the international incentives, matched by foreign funding agency partners. New export-related programs committed $3.1M to assisting content intended for foreign markets.
Overall, 80.6% of CMF funding supported television programming, with the balance of 19.4% supporting digital media content, the same ratio as 2016-2017.
CMF funding to digital media content totaled $66.3M in 2016-2017. The Experimental stream provided 61.8%, the Convergent Digital Media Incentive (CDMI) funding comprised 14.8%, and the Performance Envelope Program provided 15.8% of the total. A total of 7.6% came from other programs.
Note: International incentives are shown in the chart above by Convergent or Experimental Stream.
These results were achieved through a variety of CMF funding mechanisms which are constantly reviewed to most effectively serve the evolving needs of content producers. Development, production and marketing of screen-based media are supported through a variety of financing tools including license fee top-ups, equity investments, recoupable investments, advances, and non-recoupable contributions. CMF investments and repayable advances made up 32.2% of all CMF funding, an increase from last year’s 30.9%. Some of the new programs provide investments or advances.