Three prizes of $30,000 are available for the short film initiative, comprised of a contribution from the fund and pay-tv broadcast licence fees from TMN and Movie Central.
The sales, as part of the complex Bell-Astral deal, would make Corus the sole owner of these properties, contingent on approval by the CRTC.
Of the total, $124.5 million is earmarked for TV benefits, with 85% to be spent on indie on-screen productions, the companies say.
The transaction will see Corus Entertainment acquire six of Astral TV’s joint ventures and other broadcast and radio stations if the deal is approved by the CRTC.
Astral Media CEO Ian Greenberg (pictured) said the second go-around for BCE will include a “large” tangible benefits package to support Canadian content.
Both media groups reported higher TV ad sales, despite an uncertain economic climate.
“We heard Canadians and the CRTC loud and clear – they want assurance that Astral joining with Bell Media will directly benefit consumers and creators,” Bell Canada topper George Cope said Monday.
CEO Ian Greenberg said the company will “maintain the same financial discipline that allowed the company to grow in fiscal 2012 and…continue to invest in content and new products.”
The phone giant in an appeal to the feds said the regulator relied on a 1978 working paper “developed at a time when Canadians watched three or four channels via rabbit ears.”
The formal request to the federal cabinet will be made Monday under section 7 of the Broadcasting Act, and follows the CRTC denying its $3.38 billion transaction in a shock decision on Thursday.
Jean-Pierre Blais’ comments come as a federal spokesperson says Ottawa is not prepared to amend CRTC’s Thursday ruling denying the deal.
Executives from across the Canadian media agency landscape weigh in on Thursday’s surprise ruling to deny the proposed takeover of Astral Media by BCE.