{"id":57899,"date":"2024-10-16T15:37:26","date_gmt":"2024-10-16T19:37:26","guid":{"rendered":""},"modified":"2024-10-16T15:44:54","modified_gmt":"2024-10-16T19:44:54","slug":"opening-doors-for-emerging-bipoc-film-and-media-producers","status":"publish","type":"rbc_my_money_matter","link":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/get-inspired\/innovation\/opening-doors-for-emerging-bipoc-film-and-media-producers\/","title":{"rendered":"Opening Doors for Emerging BIPOC Film and Media Producers"},"content":{"rendered":"<div class=\"wp-block-rbc-single-article-header\">\n\t<section class=\"section-grey cover pad-t-hlf\">\n\t\t<div class=\"section-inner w-half w-mob-full centered-margin cover section-grey pad-tb-0\">\n\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/entrepreneur\/\">\n\t\t\t\t\t\t\t<span>Entrepreneur<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<h1 class=\"mar-b-hlf mar-t-0 mob-pad-lr-hlf h2 has-black-color\">Opening Doors for Emerging BIPOC Film and Media Producers<\/h1><p class=\"mar-b-0 mob-pad-lr-hlf author-text\">By Royal Bank of Canada<\/p>\t\t\t\t\t<div class=\"featured-image-wrapper pos-rel\">\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"930\" height=\"620\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-08T165017.720-1.jpg?quality=80\" class=\" cover-image  wp-post-image\" alt=\"BIPOC film and TV producers\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-08T165017.720-1.jpg 930w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-08T165017.720-1.jpg?resize=300,200 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-08T165017.720-1.jpg?resize=768,512 768w\" sizes=\"auto, (max-width: 930px) 100vw, 930px\" \/>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t<\/section>\n\t<div class=\"article mar-t-dbl\">\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner socials-section\">\n\t\t\t\t<div class=\"top-socials-bar mob-mar-b-hlf\">    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=Opening Doors for Emerging BIPOC Film and Media Producers &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/get-inspired\/innovation\/opening-doors-for-emerging-bipoc-film-and-media-producers\/\">\n        <img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n          alt=\"envelope icon\">\n        <span>\n          Email        <\/span>\n      <\/a>\n      <div class=\"social-button-wrapper sharing-copy-wrapper\">\n        <button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/get-inspired\/innovation\/opening-doors-for-emerging-bipoc-film-and-media-producers\/\">\n          <img decoding=\"async\"\n            src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n            alt=\"copy icon\">\n          <span id=\"sharing-copyUrl-Label\">\n            Copy URL          <\/span>\n        <\/button>\n        <input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n      <\/div>\n    <\/div>\n  <\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner w-half w-mob-full centered-margin pad-tb-0 mob-mar-t-hlf mob-mar-b\">\n\t\t\t\t<p class=\"cover-pub-line text-xs mar-b-hlf\">Published October 16, 2024 \u2022 3 Min Read<\/p>\t\t\t<\/div>\n\t\t<\/section>\n\t<\/div>\n<\/div>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner w-half w-mob-full\" style=\"border-radius:0x\">\n<p>There&#8217;s no shortage of diverse voices and creators in&nbsp;Canada&nbsp;with important stories to tell. But even with more opportunities than ever to display content, there continues to be a gap in representative storytelling in today&#8217;s broadcast and television industry.<\/p>\n\n\n\n<p>In examining barriers within the film and media finance industry, the RBC\u2019s Media and Entertainment team found that while the lending process was falling short in meeting the needs of emerging producers overall, Black, Indigenous and people of colour (BIPOC) were over-represented among those who couldn\u2019t access financing. \u201cWhether you\u2019re looking at funding bodies or broadcasters, there have been systems in place for years that have restricted BIPOC producers from gaining access to funding and therefore opportunity to create content,\u201d says Margaret Lewis, a Commercial Account Manager in the team.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Identifying the issues<\/h2>\n\n\n\n<p>The challenge arises when emerging producers need interim financing to cover their production\u2019s cash flow needs until they receive tax credits (which can be 18-24 months down the road). \u201cDemonstrating your track record without a portfolio makes it difficult to obtain financing\u201d explains Lewis, \u201cTypically, lenders look for a history of completing projects, experience filing tax credits and a financial foundation that offers security.\u201d<\/p>\n\n\n\n<p>\u201cIt\u2019s like a Catch 22\u201d adds Cameron Skura, an RBC Commercial Account Manager of M\u00e9tis heritage with a background in acting. \u201cA producer will have a fully funded project, but they\u2019re not able to get the upfront capital needed to get the cameras rolling\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">An idea that addresses access gaps<\/h2>\n\n\n\n<p>Working with various industry organizations and tapping expertise from across RBC, the Media and Entertainment team identified friction points and conceived an easier path to providing access to credit.\u00a0 In 2022, the <a href=\"https:\/\/www.rbcroyalbank.com\/business\/advice\/bipoc-emerging-producer-lending-program.html#:~:text=BIPOC%20Emerging%20Producer%20Lending%20Program%20at%20RBC,BIPOC%20Emerging%20Producer%20Lending%20Program.\" data-dig-id=\"LP-57899-44f91520\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"RBC BIPOC Emerging Producer Lending Program\" class=\"rbc-link-format\">RBC BIPOC Emerging Producer Lending Program<\/a> was established.\u00a0 It was developed for producers who:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Have at least one writing, directing or producing credit on a digital or TV project<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Have completed no more than two productions under their banner and\/or their production company has been operating for less than 24 months<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Secure interim financing for 100% of their project from investment-grade counterparties (such as Ontario Creates, TeleFilm Canada, Bell Fund, etc.) and provide funding verification<\/p>\n<\/li>\n<\/ul>\n\n\n\n<p>As part of <a href=\"https:\/\/www.rbcroyalbank.com\/business\/advice\/blackentrepreneur.html\" data-dig-id=\"LP-57899-6d85d71f\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"RBC\u2019s on-going commitment to Black business owners\" class=\"rbc-link-format\">RBC\u2019s on-going commitment to Black business owners<\/a> and support of emerging artists, RBC\u2019s BIPOC Emerging Producer Lending Program creates access to capital by offering interim production financing loans of up to $500,000 to eligible producers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Building skills for the future<\/h2>\n\n\n\n<p>While this program aligns to RBC\u2019s long-standing investment in the arts, it also offers opportunities to foster relationships with media financing specialists and to develop connections with a knowledgeable and experienced team.<\/p>\n\n\n\n<p>\u201cGetting a project financed is valuable, but so is advice on how to amend or tweak a project so that it may become financeable\u201d says Andrew Giosa, Vice President, Media and Entertainment at RBC. \u201cIt\u2019s so important that the film and television being produced is as diverse and inclusive as the communities in which we live. This program offers a holistic approach to support emerging producers and helps bring their projects to fruition.\u201d<\/p>\n\n\n\n<p>For more information about RBC&#8217;s\u00a0BIPOC Emerging Producer Lending program\u00a0and application guidelines, please speak with a\u00a0<a href=\"https:\/\/www.rbcroyalbank.com\/business\/advice\/bipoc-emerging-producer-lending-program.html\" data-dig-id=\"LP-57899-b54cd61c\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"specialized Media &amp; Entertainment RBC Advisor\" class=\"rbc-link-format\">specialized Media &amp; Entertainment RBC Advisor<\/a>.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse834a1009\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse834a1009\" data-dig-id=\"LP-57738-834a1009\" data-dig-category=\"LP\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Things our lawyers want you to know\"><span>Things our lawyers want you to know<\/span><span>Things our lawyers want you to know<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse834a1009\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p>This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.<\/p>\n<\/div>\n<\/div><\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-04889b46-01d3-4818-93dc-21d5240ab9e7\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"has-text-align-center h5 mar-b\"><strong>Share This Article<\/strong><\/p>\n\n\n\n\t\t<div class=\"socials-block\">\n\t\t\t    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=Opening Doors for Emerging BIPOC Film and Media Producers &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/get-inspired\/innovation\/opening-doors-for-emerging-bipoc-film-and-media-producers\/\">\n        <img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n          alt=\"envelope icon\">\n        <span>\n          Email        <\/span>\n      <\/a>\n      <div class=\"social-button-wrapper sharing-copy-wrapper\">\n        <button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/get-inspired\/innovation\/opening-doors-for-emerging-bipoc-film-and-media-producers\/\">\n          <img decoding=\"async\"\n            src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n            alt=\"copy icon\">\n          <span id=\"sharing-copyUrl-Label\">\n            Copy URL          <\/span>\n        <\/button>\n        <input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n      <\/div>\n    <\/div>\n  \t\t<\/div>\n\n\t\t\n\n\t\n\t<div class=\"wp-block-tk-spacer id-5d4fb543-d51b-4889-9226-63b9f7a85472\" aria-hidden=\"true\"><\/div>\n\t\n\n\n\t\t\t<div class=\"wp-block-rbc-single-post-topics related-topics-links\">\n\t\t\t\t<p class=\"h5 mar-r-hlf\">Topics:<\/p>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/entrepreneur\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Entrepreneur<\/a>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/esg\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">ESG<\/a>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/grants\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Grants<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel mob-pad-t-dbl\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<h2 class=\"wp-block-heading mar-b mob-mar-b-dbl 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Canada<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"645\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/03\/national-call-image.jpg?quality=80&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"People networking at business conference\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/03\/national-call-image.jpg 3974w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/03\/national-call-image.jpg?resize=300,189 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