Toronto, – The Canadian Television Fund (CTF) has announced its Licence Fee Program (LFP) funding decisions for the Drama, Children's & Youth and Variety & Performing Arts productions that apply this spring. In all, $75 million will be contributed to 73 productions, representing some 960 new hours of Canadian television programming. On average, the LFP contributes 20% of a production's budget. 129 productions will remain unfunded for lack of money.
High profile shows such as "This Hour Has 22 Minutes" and the "The 11th Hour," were refused funding. A breakdown of these contributions by genre and language, as well as a list of the productions to be financed are available on the CTF web site at www.CanadianTelevisionFund.ca.
"The Licence Fee Program uses a market-driven ranking system to direct its limited funds to the programming Canadian broadcasters have identified as most important to their schedules," said Sandra Macdonald, the Canadian Television Fund's president and CEO. "This was particularly important in a year where funding requests far surpassed the money we had available."
Overall, the CTF began this year with some $30 million less in revenues due to reductions from both its public and private financiers. The Fund will also not have reserves to carry over into this year, as it has in the past. This reduction caused the CTF to adjust the budgets of its two funding Programs and resulted in the LFP supporting fewer productions than it did last year. By comparison, in spring of 2002, the LFP contributed $111 million in support of 154 productions in these same genres of programming. The reduction could mean 300 fewer hours of original programming available to Canadians this year.
The Canadian Television Fund finances television productions through its Licence Fee Program and Equity Investment Program (EIP). The EIP is administered for the Fund by Telefilm Canada. Overall, 70% of applications submitted to the LFP this spring also requested financing from the EIP. A clearer picture of what Canadian programming will actually be made this year will be known once the EIP's funding decisions for these genres are released in early May. Both Programs will issue their funding decisions for documentaries by the end of May.
The Canadian Television Fund was created in 1996 to support the production and broadcast of high quality, distinctively Canadian television programs. The result of a private-public partnership, the CTF is financed by contributions from the Government of Canada and Canadian cable and direct-to-home satellite industries.
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