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News | 02/28/2003 5:00 am EST

Budget could create imbalance in production industry: McDonald
Elizabeth McDonald, president and CEO of the Canadian Film and Television Production Association, says that it’s time to move on ensuring that the different pillars of the Canadian film and TV production industry are adequately balanced. Her comments follow the government’s decision to cut $25 million per year in the two-year funding renewal it granted the Canadian Television Fund (CCR Update, Feb. 19/03), while increasing the production services tax credit that encourages foreign production in Canada in its budget. "I’m very unhappy about it (the cut in the CTF), but I want to solve this issue. I think that we all have to look at the financing paradigm," she tells Canadian Communications Reports. "Everyone is trying to figure out what went wrong. But let’s move forward, let’s resolve it, let’s make sure that none of the pillars of the production stool is wobbling by this time next year. I want to make sure that the balance is maintained in our sector."

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