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According to the VEC’s annual film spend research, the local film, television, visual effects and animation industries generated a record-breaking $4.8 billion in direct spending for the provincial economy in 2021 – a 40 percent year-over-year increase from 2020.
“We had expected the data to show a strong recovery given what we saw on the ground last year, but these numbers exceed all our expectations,” says Geoff Teoli, acting Vancouver film commissioner. “Pent-up demand from pandemic-related pauses may have been what drove spending this year, and while we expect it to settle back a bit going forward, it proves that Vancouver is capable of supporting a $5 billion industry sooner than we think.”
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