Major upswing for production in Canada
Canada’s film and TV industry experienced a comprehensive increase in production volume between 2012/13 and 2013/14.
By Josh Wilson 10 Mar 2015
Canada’s film and TV industry experienced a comprehensive increase in production volume between 2012/13 and 2013/14.
According to a new report published by the Canadian Media Production Association (CMPA), the rise in productions escalated 2.1% which translates to $5.86bn.
Foreign location and production service companies made the largest contribution to the rise, increasing their profits to $86m, which is 4.9% higher than the 2012/13 year. These gains also indicate a bigger shift in film production as a whole, with the sector up by $215m.
The Canadian TV division was the second largest contributor to the industries’ growth with production revenue increasing by 2.7% which equated to a total of $60m. However, the number of TV projects dropped by 7.7% because of the decrease in pilots and miniseries.
Canadian theatrical feature film production was also up in 2013/14 by $15.1m, marking a 4.1% rise on 2012/13. This increase is reportedly because of the significant strides high-budget productions have made in the English-language market. The average budget for features experienced a surge of $2.8m, as the median grew from $4.2m to $7m in 2013/14.
In December we reported that Canada’s feature film upswing is set to continue with Spielberg gearing up to film the BFG in Vancouver, Guillermo del Toro’s Pacific Rim 2 rumoured to be filming in Pinewood Toronto and the Will Smith, Jared Leto and Margot Robbie-starring Suicide Squad confirmed to be embracing the land of the Maple Leaf for shooting.
Things seem to be looking up for the great white north.
Foreign location and production service companies made the largest contribution to the rise, increasing their profits to $86m, which is 4.9% higher than the 2012/13 year. These gains also indicate a bigger shift in film production as a whole, with the sector up by $215m.
The Canadian TV division was the second largest contributor to the industries’ growth with production revenue increasing by 2.7% which equated to a total of $60m. However, the number of TV projects dropped by 7.7% because of the decrease in pilots and miniseries.
Canadian theatrical feature film production was also up in 2013/14 by $15.1m, marking a 4.1% rise on 2012/13. This increase is reportedly because of the significant strides high-budget productions have made in the English-language market. The average budget for features experienced a surge of $2.8m, as the median grew from $4.2m to $7m in 2013/14.
In December we reported that Canada’s feature film upswing is set to continue with Spielberg gearing up to film the BFG in Vancouver, Guillermo del Toro’s Pacific Rim 2 rumoured to be filming in Pinewood Toronto and the Will Smith, Jared Leto and Margot Robbie-starring Suicide Squad confirmed to be embracing the land of the Maple Leaf for shooting.
Things seem to be looking up for the great white north.
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