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Canada New Media Fund 2007-2008
Closing dates removed for Product Assistance projects

Montreal, November 16, 2007 - For the remainder of the 2007-2008 fiscal year ending March 31, 2008, Telefilm Canada has removed its two closing dates (for both production/marketing and development financing) for the Product Assistance component of the Canada New Media Fund (“CNMF”).

As part of its commitment to providing effective client service, Telefilm has determined that it is able to review and contract submissions on an ongoing basis. Telefilm is encouraging applicants, who missed the October 31st, 2007 production and marketing financing closing date, to submit their applications as soon as they are ready.

This marks the first time that the Corporation is allowing ongoing submission of applications. Previously, applications seeking financing within the current fiscal year had to be received no later than the former closing dates.

We encourage all clients to speak with their local Telefilm new media contact prior to any submissions.

The Product Assistance component of the Canada New Media Fund provides conditionally repayable advances for the development, production and marketing of Canadian interactive digital cultural content products in both official languages that are intended for the general public.