Government doubles audiovisual support fund
By Adnews Staff
The Government of Canada has added $50 million to its Short-Term Compensation Fund for Canadian Audiovisual Productions, a program launched last fall to support audiovisual industry productions during the COVID-19 pandemic. The additional funding is accompanied by an extension of the program to the end of March. The total funding for the program, which is administered by Telefilm, is now $100 million.
“Our movies, television and productions are known throughout the world,” said Steven Guilbeault, Minister of Canadian Heritage. “That's why it was essential for our government to continue to support the Canadian audiovisual industry and its workers. The COVID-19 pandemic is still slowing growth in this sector. We must act now to protect jobs and maintain this industry's vitality.”