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Newsmakers: Independent producers have to adapt and compromise, Péladeau says

News | 02/14/2007 5:00 am EST

On February 12, Quebecor Inc. president and CEO Pierre Karl Péladeau proposed an alternative plan for funding independent productions. Instead of the $19 million Québecor’s Vidéotron ltée unit currently sends to the Canadian Television Fund (see story CTF DISPUTE RAGES ON), Péladeau proposed diverting that amount and 33% more this year to its own Québecor Fund, a move he admitted will shake up the independent production industry. Although Péladeau’s speech was in French, what follows are excerpts from an English-language translation of his speaking notes kindly provided by Québecor.

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