Canadian film and TV productions account for $5 billion in revenue, employing more than 117,000 people on a full-time basis. Ontario, Quebec and British Columbia alone make up more than 90 percent of total volume production in the country.
Production is growing with the support of federal and provincial governments that encourage investment in Canada by means of incentives. These incentives are a critical part of that growth in offsetting the cost of productions in the country, allowing both domestic and international productions to reduce their costs.
According to PwC’s Global Entertainment and Media Outlook, global spending on filmed entertainment is forecast to reach $113.1 billion. In North America, the world’s largest production region, spending is expected to rise to $50.3 billion—a compound annual growth rate of 5.2 percent.
How PwC can help
We know what provinces or territories offer the best incentives to help offset your production costs. PwC’s Entertainment and Media practice provides solutions to the critical issues facing the Canadian film industry. We welcome the opportunity to put our industry expertise and resources to work for you.
Contact an industry professional in your area to discuss your unique business concerns.