Production, post revenues reach $5B in 2013: StatsCan

shutterstock_money_calculator
The film, television and video production industry generated $4.2 billion in operating revenue in 2013, while the post industry pulled in $784.1 million, new reports from StatsCan say.

The film, television and video production industry generated $4.2 billion in operating revenue in 2013, while the post-production industry posted $784.1 million in operating revenue, according to the most recent survey results released by Statistics Canada.

The government agency released its biennial surveys for the two industries on Tuesday, following the release of its latest survey on the film and video distribution industry earlier this week.

The Canadian film, television and video production industry posted total operating expenses of $4 billion in 2013, resulting in an operating profit margin of 6.4%. Firms in Ontario were responsible for 50% of the total operating revenue for the industry, with Quebec accounting for 28.1% of operating revenue, followed by British Columbia at 17%.

Cost of goods sold made up 23.4% of total operating expenses while wages, commissions, salaries and benefits accounted for 23.3%; amortization and depreciation accounted for 10.5% of expenses.

Television productions made up 64% of total sales in the production industry, the survey reported, with feature films accounting for 13.9%. Commercials made up 7.6% of sales, while digital media/convergent productions made up 4.4% of total sales. The remaining 10% was attributed to “videos and/or other sales.”

The survey looking at film, television and video post-production found the industry posted $706.6 million in operating expenses, earning a profit margin of 9.9%. In 2013, the industry spent $313.2 million in salaries, wages, commissions and benefits, which accounted for 44.3% of total operating expenses. The costs of goods sold accounted for 19.8% of total operating expenses.

The operating revenue of the post industry was driven primarily by Ontario, Quebec and British Columbia. Ontario lead the pack, generating 38.5% of the overall operating revenue, followed by Quebec at 30.6% and British Columbia at 29%. Visual effects and animation services, combined, were the primary source of total sales for the industry at 38.4%. Editing services accounted for 17.4% of total sales, followed by laboratory services at 15.2%.

- Image courtesy of Shutterstock