Canada Media Fund Pledges To Support Digital Content Creation

With its scheduled opening on April 1, 2010, the new Canadian Media Fund is promising to support Canadian content and software application development for current and emerging digital platforms.

Some $350 million in funding support will be distributed, officials describe, through two main streams. The combined CMF is funded partly by Heritage Canada, and partly from cable and satellite TV distributors like Rogers, Telus and Bell.

The new fund does not represent a new source of cash for the industry, as it unites two existing funds, the Canadian Television Fund and Canadian New Media Fund, but the working pot of funds has been expanded, the government describes.

Read more about the CMF announcement at nextMEDIA-source