New Multilateral Development Fund for French-Language Films



    CANNES, France, May 19 /CNW Telbec/ - Telefilm Canada chair Michel Roy
and Société de développement des entreprises culturelles du Québec (SODEC)
president Jean-Guy Chaput, together with their counterparts from the
Communauté française de Belgique, France, Luxembourg and Switzerland, are
pleased to announce the conclusion of negotiations begun several months ago
concerning the creation of a development fund for French-language films.
    The agreement, initiated by Telefilm Canada, aims to encourage cinematic
alliances between the signatory Francophone countries in a rapidly evolving
international context. The fund will serve to foster creative exchanges on
French-language fiction feature films with the object of developing projects
that have broad audience appeal.
    The fund will operate with an annual budget of (euro)300,000, with
(euro)200,000 provided by Telefilm and SODEC and (euro)100,000 provided by the
European partners.
    The funding will be managed by a committee of signatory agency
representatives. The maximum assistance for each project selected will be
(euro)40,000. The guidelines and operating details will be announced on a date
to be confirmed.
    "We are pleased and proud of the outcome of these negotiations," said
Telefilm Canada chair Michel Roy. "This agreement is fully consistent with
Telefilm Canada's volition to bank on international coproductions as a means
to drive industry development."

    Developing and promoting the Canadian audiovisual industry

    Telefilm Canada is a federal cultural agency dedicated to developing and
promoting the Canadian audiovisual industry. Telefilm provides financial
support to the private sector to create distinctively Canadian productions
that appeal to domestic and international audiences. The Corporation also
administers the funding programs of the Canadian Feature Film Fund, the
Canadian Television Fund and the Canada New Media Fund.




For further information:

For further information: Media inquiries: Alejandra Sosa, Communications
Officer & Press Attaché, (416) 973-6436, 1-800-463-4607, sosaa@telefilm.gc.ca;
Steve Flanagan, Interim Director, Communications, (514) 283-6363,
1-800-567-0890, flanags@telefilm.gc.ca


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