New Media Disaster

The Conservatives cut funding for the Telefilm New Media Fund!

This news is horrible, the New Media fund helped drive Vancouver, Toronto, and Montreal's tech community which brings in billions of revenue.

For new game producers and interactive designers such as myself, this gave us opportunity into a market that can be very variable.

Most of this fund was to secure productions and distribution loans to companies to match up to 50% of private funds.

The disappointing thing is that this was one of the few media funds that was disconnected from the TV networks. Most other funders, such as the Bell fund, require producers to have a tv distribution contract and as such made innovation difficult.

If we want to compete, we should be funneling more money into this sector. This is a way in which Canadian Culture can be distributed and brought to the market.

Yes, not every production brings back money, which often makes it hard to secure funds which is why unsecured seed is necessary.

Games and new media can be a flop or a multimillion dollar success like Club Penguin.

Conservatives, think about the economy! Manufacturing is collapsing, why punch technology in the gut!

Dan Grice
Vancouver Quadra Green Party