Canadian Television Fund Announces 2008-2009 Funding Highlights



    BANFF, AB, June 9 /CNW/ - The Canadian Television Fund (CTF) today
released highlights from its 2008-2009 fiscal year, which ended on March 31,
2009. The CTF's annual report will be available in fall 2009.
    "Over the past year, the CTF funded a greater number of productions
through the disbursement of 12% more funding compared to the average of the
four prior years. Our streams of funding were expanded to support the
industry's move towards new media," said Valerie Creighton, President and CEO
of the Canadian Television Fund.
    The $2 million Digital Media Pilot Program launched to extraordinary
demand, with all funds allocated within the first six weeks, supporting 20
English and 10 French productions. The $5 million Production Incentive Pilot
Program supported English production in Quebec and Atlantic Canada where
volumes had dropped significantly below their historic averages. The incentive
was entirely allocated, benefiting 11 projects from Quebec and 16 projects
from Atlantic Canada.
    The CTF enhanced communication with its stakeholders by launching
"interacTVity", a monthly electronic newsletter featuring the people and
stories behind CTF-funded shows. Also, "The Quarter" was developed to provide
our funding contributors with quarterly updates on CTF funding results and
success stories.
    Highlights of funding results from 2008-2009 include the following:

    
    -   Revenues for 2008-2009 were $316 million, with an 11% increase in the
        contribution from broadcasting distribution undertakings and a stable
        contribution from the Department of Canadian Heritage;
    -   Administrative expenses were limited to 4.3% of revenues, including
        costs incurred by both the CTF and the Television Business Unit at
        Telefilm Canada, which administers the CTF's programs;
    -   475 production and 325 development projects were funded, with total
        budgets of over $943 million and $18 million, respectively; this
        resulted in the creation of 2,210 hours of new Canadian programming;
    

    Fostering the growth of television production in Canada through financial
investment and industry research, the Canadian Television Fund (CTF) supports
the development of Canadian talent, programs and audiences. The Canada Media
Fund, an amalgamation of the Canadian Television Fund and the Canada New Media
Fund, will launch on April 1, 2010 to support the development of content
designed for television and new media platforms. For more information, visit
www.ctf-fct.ca.





For further information:

For further information: Media Inquiries: Betsy Chaly, Director of
Communications, Canadian Television Fund, bchaly@ctf-fct.ca, (416) 554-2768;
Ahpy Bokpé, PR Specialist, Canadian Television Fund, abokpe@ctf-fct.ca, (416)
214-4401

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