Ottawa says the Canada Media Fund will receive $213.4 million from the federal government’s $600 million Canadian content plan.
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The federal government has released details on how it plans to spend $600 million for Canadian content, with the Canada Media Fund set to receive the largest allocation.
Ottawa says the Canada Media Fund will receive $213.4 million to support the industry through production and promotion of content.
The government says various independent production funds will receive $185.1 million, including $80 million for the independent local news fund.
Ottawa also lists $67 million for the Canada Music Fund, $51 million for the Indigenous Screen Office and $68.5 million for Telefilm Canada.
While the government promised annual funding of $600 million last June, the latest federal budget allocated funding for the current fiscal year only.
The federal government says the direct funding is intended to replace financial contributions from big streamers like Netflix that had previously been mandated by the CRTC.
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