OMDC invests over $1.4 million in Ontario's book sector



    OMDC Book Funds stimulate growth for Ontario's book publishers

    TORONTO, Oct. 16 /CNW/ -

    NEWS

    Ontario Media Development Corporation (OMDC) invested over $1.4 million
in support to Ontario's book publishing sector through its Book Fund and
Export Fund, and through strategic initiatives for the industry's trade
organizations from April 1, 2008 to present.
    The OMDC Book Fund (http://www.omdc.on.ca/PageFactory.aspx?PageID=3211)
was developed to increase the ability of Ontario-based publishers to promote
business growth and market works by Canadian authors to domestic and foreign
markets. OMDC Book Fund provided support of $1.14 million to 39 Ontario
publishers (http://www.omdc.on.ca/PageFactory.aspx?PageID=5202).
    The OMDC Book Export Fund
    (http://www.omdc.on.ca/PageFactory.aspx?PageID=3305) provides eligible
Ontario-based publishers with funding to participate in export development
activities that correspond to a strategy for company growth. OMDC provided
support to 23 Ontario publishers
(http://www.omdc.on.ca/PageFactory.aspx?PageID=5203) in the amount of $135,000
to attend key markets and events including: Book Expo America, Bologna Book
Fair, Guadalajara Book Fair, London Book Fair, Salon du livre de Paris to name
just a few.
    OMDC also provided support to Ontario Book publishers through industry
associations including:

    
    -   The Organization of Book Publishers of Ontario (OBPO)
        (http://www.ontariobooks.ca/) for Open Book
        (http://www.openbooktoronto.com/)
    -   The Association of Canadian Publishers (ACP)
        (http://www.publishers.ca/) for the development of a Wiki and Forum
        PD System that will effectively help the ACP members develop their
        professional abilities through the sharing of expertise and
        collective authoring of practices documents.
    

    QUOTES

    "OMDC investment in Ontario's book publishing industry is geared to
creating growth in this important cultural and economic sector," said Karen
Thorne-Stone, OMDC President & CEO. "Ontario is fortunate to be home to some
of the world's best-loved authors, who must be supported and nurtured by a
strong publishing industry."
    "The support of the OMDC Book Fund has consistently allowed M&S to
undertake innovative marketing strategies beyond our everyday budgets," said
Susan Renouf, Associate Publisher and COO of McClelland & Stewart. "Many of
these strategies have been so successful that they have gone on to become core
marketing areas for us in subsequent years. We could not have done it without
the Agency's support."
    "The OMDC Book Fund allows for wonderfully innovative initiatives but
also recognizes that it makes sense and is effective to build steadily on an
existing initiative because business planning needs to focus on longer than
one fiscal year," said Margie Wolfe, President & Publisher Second Story
Feminist Press. "The willingness of the program to accommodate different
strategies for success building speaks highly of the OMDC."

    QUICK FACTS

    
    -   OMDC's direct funding support to Ontario's book publishers and trade
        organizations since April 1, 2008 to date was over $1.4 million
        through its OMDC Book Fund, Export Fund and strategic support to
        Ontario book publishing initiatives.
    -   According to statistics Canada, Ontario book publishers had
        $1.5 billion in revenue in 2005. The Organization of Book Publishers
        of Ontario (OBPO) estimates that the Canadian-owned share of the
        market is approximately 35%, for annual sales of approximately
        $530 million.
    -   In 2002-03, the total GDP impact of the Canadian-owned publishing
        industry was estimated to be close to $510 million for Canada and
        about $428 million for Ontario. The corresponding employment figures
        are 5,066 for Canada and 4,604 for Ontario. (Source: Economic Impact
        of the Canadian-Owned Publishing Industry, Pollara, 2004)
    

    LEARN MORE

    The Impact of Digitization on the Book Industry
(http://www.omdc.on.ca/AssetFactory.aspx?did=5897) is a report and general
examination of the impact of digitization on all aspects of the Canadian book
publishing industry. It describes the new opportunities that are available to
Canadian book publishers, and offers recommendations for individual and
collective actions that may be taken by publishers, organizations and
governments to ensure that independent Canadian-owned firms are able to access
them.
    Economic Impact Study of the Canadian-Owned Publishing Industry:
(http://www.omdc.on.ca/Asset4268.aspx) A comprehensive analysis of the
economic impact of the Canadian-owned publishing industry in Ontario, prepared
for Ontario Media Development Corporation and the Organization of Book
Publishers of Ontario by Pollara in March 2004.
    Ontario Media Development Corporation (OMDC)
(http://www.omdc.on.ca/Page3283.aspx) is an agency of the Ontario Ministry of
Culture (http://www.culture.gov.on.ca/english/index.html) that facilitates
economic development opportunities for Ontario's cultural media industries
including book publishing, film and television, interactive digital media,
magazine publishing, and music industries.

    
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For further information:

For further information: Contact for OMDC: Sharon Wilson, OMDC
Communications, T. (416) 642-6616, E-mail: swilson@omdc.on.ca

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Ontario Media Development Corporation

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