French Movie Sector Drew $1.28B Investment In 2022 As Activity Returned To Pre-Pandemic Levels
30.03.2023 - 11:19
/ deadline.com
The French movie sector saw investment and activity return to pre-pandemic levels in 2022, while streamer contributions rose, according to the annual production report of France’s National Cinema Centre.
Overall, there was $1.28 billion (1.18 billion euros) worth of investment in feature film production in 2022, against €1.44 billion (1.33 billion euros) in 2021 and $1.21 billion (1.11 billion euros) in 2019.
The number of films also stabilized at 287, down from the 2021 spike of 340 but in line with the 10-year average of 288.
The annual study, released on Wednesday, draws on budget information provided for feature film productions approved by the CNC as eligible for its different support schemes and is seen as giving an accurate reflection of what is going on in the sector from one year to the next.
“After a 2021 marked by a record number of approved films due to the strong catch-up effect of 2020, when production was hit by the crisis, 2022 returns to a level of production in line with that seen before the health crisis,” the CNC said.
Breaking the figures down, the data presented a more complex picture for the “French initiative films” (FIF) as well as local investment.
There were 208 FIF films (among the 287 films), split between 159 fiction features, 43 documentaries and six animations. This marked a 10.7% drop on the average for the 2017 to 2019 period.
A total of 64 films were by first-time feature directors, 39 were second films and 105 of the works were third-time works or more.
French investment came in at $1.07 billion (898.5 million euros) which was 6.2% lower than the average for the 2017 to 2019 period, but 4.5% higher than 2019.
The overall investment figure of $1.28 billion held steady thanks to