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New media fund budget caps unlikely to be raised without more cash: Telefilm

News | 06/25/2003 4:00 am EDT
Telefilm Canada will adopt some broad principles from the recently completed report by David Ellis of Omnia Communications Inc. evaluating the Canada New Media Fund (CNM, June 13/03), but several controversial recommendations will likely be left off the table. Telefilm, now in the midst of working on a renewal strategy as the fund nears the end of its current resources, says it agrees the pot needs to be reserved for commercially oriented projects. But Earl Hong Tai, western regional director and new media sector head at Telefilm, says the agency won’t reduce its envelope for small independent producers and likely won’t raise budget caps without a major new injection of cash.

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