The WFF lost the sponsorship of its previous government cultural funders, SODEC and Telefilm Canada
as a result of disagreements with Losique in 2004. Subsequently, these
two funding agencies announced that they would support a new
international film festival, called the New Montreal FilmFest (FIFM), to be managed by Spectra Entertainment and headed by Daniel Langlois (of SoftImage and Ex-Centris and the Festival du Nouveau Cinéma).
After the inaugural edition of that new festival was unsuccessful, it
was abandoned early in 2006. As of July 2007, Losique's lawsuits against
the funding agencies were dropped, paving the way for a restoration of