Ottawa, February 24, 2014— The Canadian Media Production Association (CMPA) congratulates the Government of Canada for signing an Audiovisual Coproduction Agreement (Agreement) with the Republic of India.
India is the global leader in the number of screen-based content produced annually, and its media and entertainment industry is expected to grow to $25B later this year. The Agreement will be the cornerstone for triggering co-production and other partnership opportunities between Canadian and Indian screen-based producers.
“This signals tremendous new business opportunities for producers in both India and Canada,” says Michael Hennessy, President and CEO, CMPA. “And it is the partnerships that will flow from this deal that will allow Canadian television, film and digital media producers to substantially expand their reach, thrive in the global economy and contribute to creating jobs, growth and long-term prosperity here at home.”
Once ratified by Canada and India, the Agreement will allow producers to combine their creative, distribution, technical and financial resources to create productions that will be seen and enjoyed by millions around the world. During the last ten years Canada has undertaken nearly 720 audiovisual coproductions, with combined production budgets of almost $5B.
A copy of the Government of Canada’s news release about the signing is available at:
The Honourable Shelly Glover, Minister of Canadian Heritage and Official Languages’ Statement is available at http://www.pch.gc.ca/eng/1393259120080/1393259134506
About the CMPA
The CMPA represents the interests of screen-based media companies engaged in the production and distribution of English-language television programs, feature films, and digital media content in all regions of Canada. Our over 350 member companies are significant employers of Canadian creative talent and assume the financial and creative risk of developing original content for Canadian and international audiences.
For further information, please contact:
Director, Communications & Media, CMPA
1.800.656.74401.800.656.7440 Ext. 327