The Globe and Mail reports in its Thursday edition that Bank of Nova Scotia will drop its title sponsorship of Toronto's Contact Photography Festival after this year's edition, forcing organizers to search for new flagship funders as they gear up for the May event. The Globe's Josh O'Kane writes that Contact has grown since 1997 to become one of the world's biggest photography festivals, attracting as many as 1.5 million people a year to venues across the city. Scotiabank has funded much of its budget since 2010. While title sponsorships usually have a finite shelf life, Contact is emerging into a much different corporate-funding world than when Scotiabank first signed on. Despite nearly 18 months notice and help from the bank to find replacement sponsors, chief executive officer Darcy Killeen says the festival has only found two smaller donors to step up in its stead. "I don't see us getting a title sponsor now," Mr. Killeen says. "I see us getting a series of large, national brands to work together." Contact's annual revenues have recently been in the $1.3-million range, according to federal filings, except for a drop during the first year of the pandemic. Scotiabank has funded between a third and half that.