Stimulus Budget Supports Independent Producers - Providing stability for future growth



    OTTAWA, Jan. 27 /CNW Telbec/ - The Canadian Film and Television
Production Association (CFTPA) is pleased the government has listened and
given a two year extension to the Canadian Television Fund (CTF) and the
Canada New Media Fund (CNMF).
    "The CTF is the single most important initiative that supports
distinctively Canadian television shows," says Guy Mayson, President and CEO,
CFTPA. "Since its inception in 1995, the CTF has contributed $2.5 billion to
the economy, and triggered the production of more than $8 billion in Canadian
programming. Overall across Canada the independent production sector employs
close to 100,000 Canadians every year. Long-term sustainable financing is
absolutely key to the stability of our sector."
    The CFTPA is also pleased the government is supporting the growth
potential of interactive media production by essentially maintaining funding
levels to the CNMF. The CNMF is a national program that supports the creation
and distribution of interactive digital cultural content products. A strong
interactive sector is essential if Canada is to be competitive in the
exploding international digital marketplace.
    Other longer-term stimulus measures for the independent production sector
were presented to MPs, and government officials during the pre-budget
consultations, including a meeting with Canadian Heritage Minister James
Moore. The CFTPA asked for a 10 point increase in the rate of the Canadian
Film or Video Production Tax Credit and a 4 point increase in the rate of the
Film or Video Production Services Tax Credit. The CFTPA also outlined an
international growth strategy for the independent sector through a new, more
flexible co-production policy as well as the creation of production and
marketing funds for co-productions.
    "We know there is much more work to be done for our sector to realize our
full potential as leading contributors to the creative economy," says CFTPA
Chair Sandra Cunningham. "Producers have developed a solid strategy to foster
improved competitiveness and growth of the independent production sector as
key employers in television, feature film, and interactive media."

    The Canadian Film and Television Production Association is a non-profit
trade organization that works on behalf of almost 400 companies engaged in the
production and distribution of English-language television programs, feature
films, and interactive media products in all regions of Canada. More
specifically, it promotes the general interests of its members provincially,
federally, and internationally; negotiates and manages labour agreements with
guilds and unions; administers copyright collectives; trains new industry
entrants through 7 national internship programs; and undertakes a number of
other specific initiatives that help increase awareness and enhance
communication within the Canadian and international production communities.




For further information:

For further information: Anne Trueman, Director of Communications and
Media, CFTPA, (613) 233-1444 x 227, C: (613) 851-4538, anne.trueman@cftpa.ca

Organization Profile

CANADIAN FILM AND TELEVISION PRODUCTION ASSOCIATION

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FEDERAL BUDGET 2009

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