CMF Reveals its Business Policies
Considering the fact that I have become the de facto spokesperson for the Canada Media Fund (CMF) on this blog, I couldn't resist making available the CMF's new business policies, which were made public on May 20.
The CMF's Business Policies (2010-2011), available here, includes the following information:
- Default Policy;
- Accounting and Reporting Requirements;
- Producer’s Fees and Corporate Overhead Policy;
- Completion Protection Policy;
- Production Insurance Policy;
- Standard Recoupment Policy; and
- Treatment of Tax Credits.
Producers should also note the following with regards to Producer's Fees and Corporate Overhead for projects in the Experimental Stream:
For projects in the Experimental Stream, the producer’s fees included within the budget shall be a maximum of 10% of Sections B+C of the budget. The corporate overhead included within the budget shall be a maximum of 10% of Sections B+C of the budget and must be comprised of costs directly related to the project.
Producers should note the following with regards to Producer's Fees and Corporate Overhead for the production of television components of projects in the Convergent Stream:
The producer’s fees and corporate overhead (“PFCO”) included within the production budget shall be a maximum of 20% of Sections B+C of the production budget, with the exception of productions with budgets of less than $500,000 (Low Budget Productions) for which the percentage is 30%. Beyond these percentages, there is a maximum dollar amount of $1.4 million per project which is pro-rated up for series of more than 13 hours (13 one-hour episodes or 26 half-hour episodes).
Slowly but surely, it appears that producers are finally receiving the information they need from the CMF....even if it's only one step at a time.
