COVID-19 Update: Project Financing
Telefilm Canada understands that there are many risks and financial burdens that you must undertake in this situation, and we are doing what we can to help.
In response to the ever-evolving situation surrounding COVID-19 and its impact on Canada’s audiovisual industry, Telefilm would like to inform clients of actions put in place to assist you:
For Production projects, Telefilm will apply adequate flexibility with regard to contract requirements and where appropriate, we will consider funding overages directly related to COVID-19.
Telefilm has suspended the application of default measures until May 1, 2020, where such default is the direct result of COVID-19.
Telefilm maintains its accelerated drawdown schedule on already financed projects. More specifically, in the areas of:
- For the Development Program: 100% paid up front
- For the Promotion Program: 100% paid up front
- For the Marketing Program: 70% paid up front
Festivals and initiatives financed in the 2019-2020 fiscal year that have been cancelled or postponed by COVID-19 will not be required to reimburse funds received.
Telefilm staff continue to be operational and available. We take your needs very seriously, especially during these unprecedented circumstances. Do not hesitate to contact your Telefilm representative should you have any questions or concerns.
We thank you for your patience and understanding and wish you the best in these difficult times.