March 15, 2018
MANITOBA – MARCH 13, 2018 – In measures taken in yesterday’s provincial budget, the Manitoba government confirmed its long-term commitment to grow the media production industry. Citing the importance of cultural activity to the Manitoba economy in the Budget Speech, the Honourable Cameron Friesen, Minister of Finance noted that “while other jurisdictions have dramatically reduced their film production tax credits, we recognize the positive impact film production has on our economy and creative community.”
The Budget maintains a $16 million annual investment in the film and video tax credit, and the Minister announced the establishment of an industry-government working group, noting that the tax credit was created by a Progressive Conservative government.
“On Screen Manitoba looks forward to working in partnership with the Provincial Government to review the current framework for the film and video tax credit in the coming months,” stated Nicole Matiation Executive Director, On Screen Manitoba. “The tax credit is a proven business tool for economic growth and the announced government-industry working group will provide opportunity to ensure it remains effective in today’s competitive international market and continues to contribute to Manitoba’s cultural and economic activity.”
The Manitoba media production industry has grown significantly in the past two years with a production volume of $139M in 2016-2017 with some 1900 FTEs. The estimated $160M in 2017-2018 is expected to have stimulated well over 1900 FTEs. A report released late last week by the Motion Picture Association – Canada highlights the economic impact of Universal Cable Productions’ Channel Zero, which is produced with Manitoba media production company Original Pictures. In season one and two alone, the production spent close to $15 million in the province and created over 300 jobs. It engaged with approximately 645 individual vendors in 39 communities across Manitoba. More information on the economic impact of the Manitoba media production industry can be found in a report released by On Screen Manitoba in January 2018 Waves: A Snapshot of the Manitoba media Production Industry.
On Screen Manitoba