You will be redirected back to your article in seconds

Canada mints $116 mil for TV/pic prod’n in ’99

Telefilm funds 588 projects

MONTREAL — Canuck federal film and TV funder Telefilm Canada doled out C$172.4 million ($116 million) this past fiscal year, up from $111 million a year earlier, it reported.

Montreal-based Telefilm gave out $90 million for production and development of pics and TV projects, with another $15 million distributed for product launch and promotional activities.

The public corporation’s administrative expenses were $10.6 million, or 9.1% of its budget.

Telefilm pumped cash into 588 projects: 276 in production and 312 in development. The projects accounted for production activity of $370 million. On average, Telefilm’s contribution amounted to 24% of each project budget — a figure that underlines the continued importance of public funding in Canada.

Telefilm allocated 72% of its funds to Montreal- and Toronto-based projects, with 19% going to the Western provinces and 8.3% to the Atlantic provinces.

“Most of our 1997-2000 business plan goals, both national and international, were achieved this year,” said Francois Macerola, executive director of Telefilm.

“Telefilm Canada contributed to revamping the Canadian Television Fund, played an active role in the Canadian film policy review and set up the Multimedia Fund,” he said.

“The corporation funded a record number of projects created by Canadians for Canadians,” he continued. “We strengthened international alliances through co-productions, markets and festivals, and we improved our client service around the country, notably by means of decentralization, regional business plans and regional consultative committees.”

Telefilm’s budget has been boosted in recent years by the introduction of the Canadian Television Fund’s Equity Investment Program. With a budget of $72 million this year, the program helped produce 850 hours of programming, an increase of 14% over the previous year.

TV projects supported by Telefilm included “Traders,” “Da Vinci’s Inquest,” “Power Play” and “Emily of New Moon.”

Telefilm also pumped a total of $23 million into 45 feature films whose budgets totaled $121 million. Telefilm helped finance David Cronenberg’s “eXistenZ,” Denys Arcand’s “15 Moments,” Jean-Philippe Duval’s “Matroni and Me” and Patrice Leconte’s French-Canadian co-production “La Veuve de Saint-Pierre.”

More Biz

  • Discovery CEO David Zaslav Sees 2018

    Discovery CEO David Zaslav Sees 2018 Compensation Soar to $129.4 Million

    Discovery Inc. president-CEO David Zaslav is once again making headlines for an enormous compensation package. Zaslav’s 2018 compensation soared to $129.44 million in 2018, fueled by stock options and grants awarded as the longtime Discovery chief signed a new employment contract last July that takes him through 2023 at the cable programming group. Zaslav received [...]

  • Jonathan Lamy RIAA

    Jonathan Lamy Stepping Down From RIAA

    Jonathan Lamy, the Recording Industry Association of America’s longtime executive VP of communications and marketing, is stepping down from his post after 17 years, he announced today. As he put it in an email to Variety, “I started back in 2002, which means it’s been 17+ years, four different RIAA CEOs, three format changes and [...]

  • Fox Layoffs

    Disney-21st Fox Layoffs: TV Divisions Brace for Deep Cuts

    A second day of layoffs has begun on the Fox lot in the wake of Disney completing its acquisition of 21st Century Fox on Wednesday. Longtime 20th Century Fox Television Distribution president Mark Kaner is among the senior executives who were formally notified with severance details on Friday morning. 21st Century Fox’s international TV sales [...]

  • anthony pellicano

    Hollywood Fixer Anthony Pellicano Released From Federal Prison

    Anthony Pellicano, the Hollywood private eye whose wiretapping case riveted the industry a decade ago, was released from a federal prison on Friday, a prison spokeswoman confirmed. Pellicano was sentenced in 2008 to 15 years, following his conviction on 78 charges of wiretapping, racketeering, conspiracy and wire fraud. He had been in custody since 2003, [...]

  • This image taken from the Twitter

    HBO’s Reaction to Trump’s ‘Game of Thrones’ Campaign

    Everyone wants a piece of the “Game of Thrones” lemon cake. From Bud Light to Red Bull the world of Westeros is open to a lot of brand partnerships, unless you’re using that iconic typeface to push a political agenda. In November of 2018 President Donald Trump unveiled a “Thrones” inspired poster with the words [...]

  • Leaving Neverland HBO

    'Leaving Neverland' Lawsuit Proves to Be a Judicial Hot Potato

    The Michael Jackson estate sued HBO last month for airing the documentary “Leaving Neverland,” which accuses the late King of Pop of serial child sexual abuse. Since then, the case has had a difficult time finding a judge to handle it. Three federal judges have recused themselves in the last week, citing potential financial conflicts [...]

  • Members of the public mourn at

    Guy Oseary’s New Zealand Fundraiser Nears $150,000, Continues Raising Money

    In the wake of the horrific shootings at New Zealand mosques last week that killed some 49 people, Maverick chief Guy Oseary launched a GoFundMe campaign to “support those affected by this tragedy at this very difficult time,” and began it with an $18,000 donation. Boosted by donations from many celebrities — including Amy Schumer, [...]

More From Our Brands

Access exclusive content