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Business And Community Leaders To Drive Telefilm Canada Talent Fund Honorary Committee

Telefilm Canada [1]Michel Roy, Telefilm Canada [2]‘s Chair of the Board, is proud to announce the names of the five business leaders who will drive the pan-Canadian honorary committee for its new Talent Fund [3]. The role of honorary committee members will be to raise the visibility of the private donation fund among potential donors, as well as to find inventive ways to inspire corporations to invest in Canada’s audiovisual industry.

They are:

“Within the context of today’s financing challenges for the industry, we are committed to finding innovative options to fulfill our investor role by offering the Canadian industry new tools to help it diversify its funding sources,” said Carolle Brabant, Telefilm Canada’s Executive Director. “The expertise, experience and prestige of our five inaugural honorary committee members, who hail from across the country and who represent a diversity of business sectors, will greatly strengthen the mandate of our Talent Fund. We are truly honoured to have them aboard.”

Vinay Virmani, co-writer and star of Robert Lieberman’s cross-cultural hockey hit Breakaway added: “I am proud to be one of the first donors to the Fund. Personally, working with Telefilm allowed me to realize my dream of making a film. And now I want to help give that opportunity to another Canadian talent.”

John Young, Managing Director of Temple Street Productions [4], is also an early contributor to the Fund. The Toronto-based company’s interest in the project complements their ongoing work as co-founders of ‘The City Life Film Project’ – a mentor-based filmmaking program for underprivileged youth. “Temple Street has been fortunate to benefit from the support provided to the production industry; we feel it’s important to play our part in giving back. There is a lot of filmmaking talent in Canada waiting to be developed and we’re excited to join Telefilm in creating new avenues of support.”

This announcement follows recent news that the private donation fund has been officially recognized by the Canadian Radio-television and Telecommunications Commission [5] (CRTC) as a Certified Independent Production Fund [6], as well as has been endorsed by The Honourable Perrin Beatty, President and Chief Executive Officer of the Canadian Chamber of Commerce [7], Canada’s most influential business association.

On March 2, at the Prime Time in Ottawa [8] conference, Telefilm announced the launch of a new private donation fund consisting of two streams: one stream will provide better support to promising emerging filmmakers while the other is aimed at established filmmakers and will seek to help them achieve their full potential both in Canada and abroad.

By drawing on companies as well as on individual donors interested in supporting the production, distribution and promotion of Canadian feature films—investors who will at the same time benefit from proportional tax deductions or credits—the fund will help foster the success of Canadian cinema.

Once fully up and running, Telefilm estimates that the Fund could be endowed with an annual budget of $5 million, a significant amount that producers could use to leverage other investment dollars. The fund will also lead to the creation of some 150 jobs every year through the support of new productions.

Telefilm will administer investments from the private sector, with these investments to be covered in a separate annual report. The fund will incur management expenses of less than 5%.

Honorary Committee Member Bio Information

The honorary committee will be guided by Canadian film financing expert Sheila O’Gorman. She has been instrumental in securing millions of dollars in private funding for Canadian productions.

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1 Comment To "Business And Community Leaders To Drive Telefilm Canada Talent Fund Honorary Committee"

#1 Comment By Tami Quiring (@VillageGamer) On Friday June 29, 2012 @ 2:28 am

Business And Community Leaders To Drive @Telefilm_Canada Talent Fund Honorary Committee [9]