Canadian creative content creators, especially independent producers, are increasing their use and demand for crowdfunding.
Crowdfunding has experienced a recent boom throughout North America and Europe, driven by recent multi-million dollar record-breaking successes on platforms in the U.S.
Crowdfunding is the raising of funds through the collection of small contributions from the general public (known as the crowd) using digital platforms including the Web, mobile and social media.
Now, the Canada Media Fund has released a new study titled Crowdfunding in a Canadian Context: Exploring the Potential of Crowdfunding in the Creative Content Industries.
The CMF says it commissioned the study to provide both a meta-perspective on the global phenomenon of crowdfunding as related to the creative content industries, and also a micro analysis to understand how producers are considering crowdfunding as a financing mechanism and how practices and regulations in Canada impact this potential.
The opportunities and barriers regarding the regulatory, financial, social and operational deployment of crowdfunding within the Canadian creative content environment were explored through numerous interviews, case studies and secondary research, report producers Nordicity described.
The CMF's mandate is to support the television and digital media industry through funding as well as through commissioning research on current and upcoming trends that shape the screen-based industry and disseminating industry intelligence via various channels including its blog, Trendscape.
For more Mediacaster Magazine coverage related to this topic, please see:
New Crowd-Funding Service to Support Documentary Production
Put Up a Sign and Tag It - Crowd Sourcing to Fund New Documentary
Australian Crowdsourcing Service Launches in Canada