By Tyler Sutherland
On Screen Manitoba is applauding the extension of the Manitoba Film and Video Tax Credit announced in Tuesday’s provincial budget.
The industry incentive also extends the Manitoba Interactive Digital Media Tax Credit (MIDMTC) to 2016, while making it more competitive nationally.
“We’re very pleased that Manitoba is responsive to the needs of our sector as it adapts to the rapidly changing media landscape,” said Nicole Matiation, executive director of On Screen Manitoba.
The enhancements are expected to be retroactive to projects which commenced production after January 1, 2013.
In 2012 the province saw several important mergers and new business partnerships emerge including Buffalo Gal Pictures’ merger with Entremedia from Toronto to create the Buffalo Media Group headquartered in Winnipeg. Through Opus Visual FX, its animation and visual effects studio, the Buffalo Media Group has created 45 new positions in Manitoba.
More than $1 billion in production volume has been brought to the province over the past 10 years, including over half spent on Manitoba labour, goods and services.