I just read today in the free newspaper 24 Heures that the Festival Fantasia will finally received governmental subsidies from the SODEC (Société de développement des entreprises culturelles / Society for the development of cultural ventures).
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The subsidies were announced by the SODEC yesterday.

Six movie festivals in Quebec (including four in Montreal) will share subsidies of $825, document.write(“”); 000.

The other festivals include the Montreal World Film Festival (getting $225, 000), le Festival du Nouveau Cinéma (getting $220,000), le Carrousel International du Film de Rimouski (getting $120,000), le Festival du Cinéma International D’Abitibi-Témiscamingue (getting $115,000) and Les Recontres Internationales du Documentaire de Montreal (getting $95,000).

Fantasia will receive a $50,000 subsidy from the SODEC. It is an improvement since they only got $35,000 in 2007 from the Municipal & Regional Affairs Ministry. It is a little disappointing, since the festival deserves more, but it will certainly means a few improvement to the festival this year (more movies? more guests?). Fantasia has yet to comment or emit a press release on the SODEC announcement.

The 12th edition of Fantasia, the North American Premier Genre Film Festival (known for showing lots of edgy Japanese live-action and anime), will be held July 3-21 2008.

[updated 2008/04/17 with details from The Gazette 2008/04/16: D5]