The industry reported total operating revenues of $820 million, virtually unchanged from 2006. However, firms managed to reduce their total operating expenses by 2.2% to $752 million.
This helped push profit margins to 8.4% in 2007, up from 6.5% the previous year.
The cost of goods sold accounted for the largest operating expense at 44.0%, followed by salaries, wages and benefits at 31.9%.
Ontario firms accounted for 47.8% of total operating revenues in 2007, followed by Quebec firms at 39.4%, and British Columbia firms at 11.1%. Firms in British Columbia posted an operating loss of 2.2%.
Note: The film, television and video post production industry consists of establishments primarily engaged in providing post-production services to the motion picture and video industry. It includes specialized motion picture or video post-production services such as editing, film/tape transferring, subtitling, creating credits, closed captioning, and producing computer graphics, animation and special effects, as well as developing and processing motion picture films.
Data for the 2007 film, television, and video post-production industry should not be compared with data published prior to 2005, as significant changes were made to the survey.
You can find more details at: http://www.statcan.gc.ca/daily-quotidien/090202/dq090202a-eng.htm
For further information or to schedule interviews with a Statistics Canada Analyst regarding this release please contact: Jey Dharmaraj, at: (416) 954-5976 or [email protected] .