Canada TV Fund finds surplus
Extra $11.8 mil will go to homegrown seriesTORONTO -- The Canadian Television Fund has discovered an extra CAN$12 million ($11.8 million) in its kitty for homegrown TV series production, bringing its projected 2008-09 outlay to CAN$287 million ($284 million).
The CTF, the main source of public/private subsidies for indie producers that make primetime series for the Canadian and international TV markets, said it found the extra money when it closed its books for fiscal 2007-08.
The windfall follows a string of recent Canadian drama sales to U.S. networks including NBC pickups of Shaftesbury Films' "The Listener" and Lionsgate's horror anthology "Fear Itself." CBS acquired the homegrown cop drama "Flashpoint" from Pink Sky and Avamar Entertainment.