March 10, 2010
French Film Industry Feels Recession
The French film industry may be more resilient than its European neighbors, but it isn’t recession proof. While the volume of production has remained stable at 230 films, investment last year fell to Euros 1.1 billion ($1.4 billion), a 26.3% drop on 2008, according to a CNC report. Foreign sales revenues dropped to $201.48 million, while producers’ own financing decreased to $94.46 million. Foreign co-production investments, which represented 18.8% of all French films’ investment, dropped by 22.5% to $282.72 million. A good reason to remain optimistic, said Cayla, is that Orange Cinema Series is stepping up its investments significantly. In its first full year, OCS invested $9.9 million in 13 films. Some 80% of that investment was accounted for by payments for Gallic first-run, premium pay TV rights.
http://www.variety.com/article/VR1118016287.html?categoryId=3599&cs=1
Posted in: Cayla, CNC, Co-Productions, French Film Industry, Gallic First Run, OCS, Organge Cinema Series, TV Rights