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Ontario fronts money for local producers

$1.96 mil fund developed

TORONTO -- The Ontario provincial government said Tuesday that it will provide seed money for local film and TV, new-media and video game producers as part of a new CAN$2 million ($1.96 million) fund.

The Ontario Media Development Corp. will provide local producers with up to CAN$100,000, or a maximum 75% of preproduction budgets, to get projects off the drawing board and into production.

The OMDC already provides tax credits to local and foreign, mostly U.S., producers to encourage the production of entertainment product in Ontario.