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Investment in film production in France rose 13.6% to $1.45 billion (1.34 billion euros) in 2023, according to the annual report published by the country’s National Cinema Center (CNC) on Monday. .
Of the $1.45 billion investment, $1.19 billion came from France-based supporters, making it the third-highest donation after 2016 and 2021, according to CNC.
The organization, which oversees funding and support programs for the entire cinema chain, registered 298 French majority and minority films in 2023, up from 287 in 2022.
Of this figure, 236 works are dominated by French works, compared to 208 works in 2022.
The report said statistics for 2023 suggest that France’s productive sector has regained its pre-pandemic momentum.
In a further sign of a return to pre-COVID-19 levels, the number of co-productions fell to 120 films across 38 different regions, compared to 144 in 2022, the highest level in a decade.
The latter trend was thought to be due to performances taking place in 2022 to avoid coronavirus restrictions and the final stages of the financial crisis. The average from 2017 to 2019 was 119 co-productions.
In another trend, CNC noted that 41.1% of productions were budgeted between $1.08 million and $4.33 million (€1 million and €4 million).
In addition, the so-called “film du milieu” (a term used to refer to films with budgets of $4.33 million to $7.58 million (4 million euros to 7 million euros)) has rebounded, accounting for 23.7% of full-length films, and will continue to grow in 2022. He also pointed out that it accounted for 15.9% of the year.
The number of works that cost more than $21.67 million (€20 million) has doubled to eight.
Features requiring larger budgets spanned the works of Matthieu Delaporte and Alexandre de La Patellière. Count of Monte Cristoby Antonin Baudry de gaulle part 1 & 2Gilles Lelouch beating heartJacques Audiard’s Emilia Perez Mehdi Idir and Grand Corps Maladez Monsieur AznavourAudrey Dewan’s emmanuel and Benjamin Muske’s chicken rabbit 2
Funding source
In terms of funding sources, CNC saw a 23.4% increase in national funding across its own funding mechanisms and regional funds to $102.3 million (€93.3 million), accounting for approximately 8.3% of most French film investments. Said it was covered.
Within this figure, the company noted that selective support amounted to $42.3 million (€39 million) in 2023, compared to $35.3 million (€32.6 million) in 2022.
Broadcasters and streamers collectively invested $415 million (€383 million), of which $356 million (€328.9 million) was earmarked for the majority of French productions.
CNC has seen increased investment in all these “diffusers”, with free-to-air private channels increasing by 50.4% to $76 million (€71 million) and pay TV group increasing by 43.1% to $252 million ( 233.5 million euros), investment in Pubcaster has increased. 29.8% to $86 million (€79.4 million).
Pay TV giant Canal+ was the main financier, investing $166.9 million (€154.1 million) in film production in 2023, while France 2 invested $52.3 million (€48.3 million). was the biggest supporter of free broadcasting.
Global streamers Netflix, Disney+, Prime Video and HBO Max invest €48 million in 39 CNC-registered films, double their $24.9 million (€23 million) investment in 17 films in 2022 We have reached this point.
Obligations across theatrical acquisitions, ancillary rights deals and international sales resulted in investments worth $119 million (€109 million) in the majority of French films.
The country’s Sofica tax incentive fund raised an additional $35.2 million (€32.5 million) for the mostly French production, an increase of 19.9% compared to $31.1 million (€28.7 million) in 2022. Foreign investment increased by 7.5% to $77 million (approximately $71).
Local producers were the first source of funding, partly through the country’s tax rebate system, and accounted for 38.8% of the investment in 2023, but the exact total amount of their contribution had not yet been calculated.
Other findings include a record number of CNC animations produced in 2023, 18 compared to 12 in 2022, and 54 documentaries produced in 2022. He pointed out that the number had decreased to 40.
Looking at gender data, the group said there has been a slight regression in the proportion of films directed by women.
According to the report, 336 directors directed 298 feature films, compared to 315 in 2022. Of these, men accounted for 71.7% of the directors and women accounted for 28.3%, whereas in 2022 it was 69.3% or 30.7 directors.
Looking at the period between 2004 and 2023, CNC announced that 25.7% of approved feature films and 45.2% of short films were directed by women.
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