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Canadian film and TV production drops 18.5% to pre-pandemic levels, totaling $9.58B.
Canada's film and TV production has dropped by 18.5% to pre-pandemic levels, totaling $9.58 billion between April 2023 and March 2024.
The decline is due to Hollywood strikes and fewer commissions.
Foreign productions, accounting for $4.73 billion, and Canadian TV, at $3.25 billion, were notably affected.
The Canadian Media Producers Association hopes the upcoming Online Streaming Act will boost local content investment.
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La producción de cine y televisión canadiense baja 18,5% a niveles prepandémicos, totalizando $9.58B.