Possible sea change for Saskatchewan television?
SCN’s prospective new owner, Rogers Broadcasting Ltd., wants to spend less money on programming, at least according to CBC News Saskatchewan. Rogers wants to put 23 per cent of revenue generated by SCN towards independent films, rather than commit to fixed dollar requirements, as SCN is in “financial stress.”
In a related story, the 2012-13 Saskatchewan provincial budget announces the immediate termination of the Film Employment Tax Credit for film and television productions. Productions already registered by SaskFilm prior to April 1, 2012 will continue to be eligible for the credit, but new productions are ineligible.
The elimination of Saskatchewan’s FETC, according to the budget documents, is tied to a supposedly-heavier future reliance on subsidization. This is coupled with a decline in industry activity, and the fact that the FETC has required a public investment of over $100 million, since its 1998 introduction.
The FETC, an income tax credit equal to forty-five per cent of eligible labour costs, will be fully phased out in 2014. The FETC’s termination is supposed to save up to $3 million by the end of 2012, and $8 million annually.
Statement by the Saskatchewan Motion Picture Industry Association. They’re not fond of the FETC’s termination.
Continue reading TV, Eh? Industry Roundup – Saskatchewan television, Redemption Inc., more