2015-2016 ANNUAL REPORT

We Happy Few is a game set in a drug-fuelled, retrofuturistic city in an alternative 1960s England. 

Program Funding Summary

Total CMF Program Funding

With the continued support of its funding contributors, the Canada Media Fund (CMF) contributed $371.7M to Canadian television and digital media projects in 2015-2016, an $6.2M increase, or 1.7%, from the previous fiscal year. A total of $1.4B of industry activity was triggered, an 8.4% increase from 2014-2015.

Breakdown by Program

  $M
English 29.9
French 10.6
Accelerator 0.5
Experimental Total 41.0
English 173.6
French 86.5
Performance Envelope Sub-total 260.1
English 7.6
French 2.8
Development Envelope Sub-total 10.4
Convergent Digital Media Incentive 13.0
English Regional Production Bonus 11.5
Francophone Minority 10.8
Anglophone Minority 4.0
Aboriginal 7.0
English POV 4.9
Diverse Languages 2.5
Versioning 1.0
English Regional Pre-development 1.2
Quebec Regional French Incentive 2.0
Regional French Development 0.3
Northern Production Incentive 0.5
Convergent Total 329.2
Canada-Australia Interactive Digital Media Incentive 0.3
Canada-Italy Codevelopment Incentive 0.1
Canada-New Zealand Digital Media Fund 0.6
Canada-Wallonia Digital Media Incentive for Multiplatform Projects 0.4
SP Cine Codevelopment Incentive 0.1
International Initiatives Total 1.5
   
Total 371.7

The Convergent Stream received 88.6% of funding, with 11.4% supporting the Experimental Stream. The Convergent Stream dedicated $329.2M to Canadian screen-based projects including television programming and related digital media content. The Experimental Stream, including the Accelerator Partnership Pilot Program and international initiatives, provided $42.5M for 139 projects from across the country, spurring $66.4M in economic activity within Canada’s digital sector. Industry activity triggered by the Experimental stream rose 7.4% over 2014-2015.

Overall, 80.8% of CMF funding supported television programming, with the balance of 19.2% supporting digital media content. Digital media content funding increased 1.2 share points from 2014-2015, due to increases in the Experimental Stream budget and convergent commitments.

CMF funding to digital media content totaled $71.3M in 2015-2016, growing 8.4% from 2014-2015. The Experimental stream provided 59.3%, the Convergent Digital Media Incentive (CDMI) funding comprised 18.2%, and the Performance Envelope Program provided 16.3% of the total. A total of 6.2% came from other convergent programs.

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Funding Types

These results were achieved through a variety of CMF funding mechanisms which are constantly reviewed to most effectively serve the evolving needs of content producers. Development, production and marketing of screen-based media are supported through a variety of financing tools including license fee top-ups, equity investments, recoupable investments, advances, and non-recoupable contributions. CMF investments and repayable advances made up 30.2% of all CMF funding, compared to last year’s 30.1%.

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