British Columbia’s fast-fading film and television industry must focus on Canadian productions if it is to survive, according to a new report from British Columbia Film, a province-backed agency.
Last year only 12% of the total spending of $1.2 billion on the film and television industry in the province came from indigenous sources, according to B.C. Film’s report.
The B.C. industry’s total spending is expected to be down at least 25% this year, partly due to the rising value of the Canadian dollar against the greenback, and there is widespread unemployment and fear in the local industry.
There is a pressing need for development of a national strategy that “galvanizes the domestic industry and addresses the needs of the film, television and new media sectors of our economy,” said Rob Egan, prexy and CEO of B.C. Film.