Program Funding Summary
Total CMF Program Funding
With the continued support of its funding contributors, the Canada Media Fund (CMF) invested $361.6M in Canadian television and digital media projects in 2016-2017, a $10.1M decrease, or -2.7%, from the previous fiscal year. Despite the reduction in funding, a total of $1.4B of industry activity was triggered, a 0.4% increase from 2015-2016.
Breakdown by Program
|Performance Envelope Sub-total||249.5|
|Development Envelope Sub-total||9.5|
|English Regional Production Bonus||12.8|
|Convergent Digital Media Incentive||10.3|
|Quebec Regional French Incentive||2.2|
|English Regional Pre-development||1.5|
|Regional French Development||0.3|
|International Incentives Total||0.8|
The Convergent Stream received 88.5% of funding, with 11.5% supporting the Experimental Stream. The Convergent Stream dedicated $319.8M to Canadian screen-based projects including television programming and related digital media content. The Experimental Stream, including the Accelerator Partnership Program, provided $41.0M for 117 projects from across the country, spurring $76.9M in economic activity within Canada’s digital sector. Industry activity triggered by the Experimental stream rose 15.9% over 2015-2016. CMF contributed $0.8M to the international incentives, matched by foreign funding agency partners.
Overall, 80.6% of CMF funding supported television programming (-0.2 share points from 2015-2016), with the balance of 19.4% supporting digital media content (+0.2 share points from 2015-2016).
CMF funding to digital media content totaled $70.1M in 2016-2017. The Experimental stream provided 58.5%, the Convergent Digital Media Incentive (CDMI) funding comprised 14.8%, and the Performance Envelope Program provided 18.0% of the total. A total of 8.7% came from other programs.
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 30.9% of all CMF funding, an increase from last year’s 30.2%.