Audiovisual production dominates with 82% of overall investment, up from $600m (€540m) in 2021, but “cinema investment has doubled”, says Florant of the $266.5m (€241m), up from $125m (€113m) in 2021. Of the $1.1bn (€991m) spent in France in 2022, $830m (€750m) went to audiovisual production and the remaining $266.5m (€241m) to feature films.
Video production hub series#
Key to the surge has been an increasingly strong presence of international streamers making both features and series in French and English. In 2022, 101 projects benefitted from TRIP, up from 62 in 2021. The rebate rises 10% when VFX expenses surpass $2.2m (€2m) spent on local soil. “It’s clearly not just a post-Covid catch-up trend,” says Vincent Florant, director of digital at CNC, the National Centre for Cinema and the Moving Image.įrance offers the Tax Rebate for International Production (TRIP), a rebate of up to 30% of the eligible production spend to a cap of $33m (€30m). International production in France has tripled from a $337m (€305m) spend in a pre-pandemic 2019 to a total spend of $1.1bn (€991m) in 2022, up from $440m (€398m) in 2021. Increased investments to expand studio space, technology and education - combined with a boosted tax incentive and qualified crews - have helped to woo major feature and audiovisual production to French soil and keep them around for complete shoots and VFX work. Long an attractive filming location, France has stepped up its game to accommodate a bevy of local and international productions and, increasingly, prestige local- and English-language projects for major international platforms.
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