Tuesday, August 7, 2007

Bell Broadcast and New Media Fund announce new funding

Bell Broadcast and New Media Fund announced new funding forHD production and increased matching broadcaster support for new media digital productions. The Board has approved new funding of up to $75,000 for television programs that are shot and broadcast in HD format and has also doubled the eligible bonus to $100,000 to match broadcaster cash contribution to the production of new media digital projects.

Funding for the television component of eligible Bell Fund projects is in the form of a grant of up to 75% of the total Canadian broadcast licence fees for the program, to a maximum of $75,000. Now, in addition to this, if the program is both shot and broadcast in HD, the production will receive double the eligible grant, to a maximum of $150,000.

The cap on the grant matching any broadcaster cash contributions to the financing of the new media component has now also been increased from $50,000 to $100,000. This is in addition to the standard new media grant of up to 75% of the cost of production of the project, to a maximum of $250,000.

Therefore, successful Bell Fund applicants can now receive up to $500,000 for their television and associated digital projects. Both of these increases will take effect at the next Bell Fund application deadline of October 1, 2007.

The Bell Fund continues to adapt to the changing needs of the industry and these new funding opportunities are designed to help maintain the leadership and competitive role that Canadian producers have established in the world of cross-platform production.

For more info: www.bellfund.ca; bellfund@ipf.ca; 416. 977.8154

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