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Industry Advisory

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Montreal, June 11, 2007 — Further to the June 10th announcement by The Honourable Bev Oda, Minister of Canadian Heritage, that the Canada New Media Fund (CNMF) has been renewed for two years at $14.5 million annually, Telefilm Canada would like to inform clients that updated guidelines will be posted on its Website on June 15, 2007, along with a document highlighting key changes.

On March 23, 2007, Telefilm held consultations with the new media industry and members of the Canadian Interactive Alliance to discuss and review the proposed key revisions to the CNMF. The new guidelines reflect the renewed terms and conditions and the discussions held with industry representatives.