Russian filmmaker Kirill Serebrennikov returns to Cannes once again this year with Limonov: The Ballad starring Ben Whishaw, for which we can share a first-look image from above.
25.03.2024 - 19:01 / deadline.com
Investment in movie production in France rose 13.6% in 2023 to $1.45B (€1.34B), according to an annual report published by the country’s National Cinema Centre (CNC) on Monday.
The CNC said that $1.19B of the $1.45B investment hailed from France-based backers, in their third highest contribution after 2016 and 2021.
The body, which oversees funding and support schemes across the cinema chain, registered 298 French majority and minority films in 2023, against 287 in 2022.
Within this figure, 236 were majority French productions, against 208 in 2022.
It said that the 2023 figures suggested that France’s production sector had regained its pre-pandemic dynamic.
In a further sign of a return to pre-Covid-19 norms, the number of co-productions fell to 120, with 38 different territories, against 144 in 2022, which was the highest level for a decade.
That latter trend had been put down to productions traveling to circumvent the tail-end of Covid restrictions and finance crunches in 2022. The average for 2017 to 2019 was 119 co-productions.
In another trend, the CNC noted that 41.1% of the productions were budgeted at between $1.08M to $4.33M (€1-4M).
It also noted a rebound in so-called “films du milieu”, the term used for productions budgeted at between $4.33M and $7.58M (€4-7M), to account for 23.7% of feature productions against 15.9% in 2022.
The number of productions costing more than $21.67M (€20M) doubled to eight.
The features commanding bigger budgets spanned Matthieu Delaporte and Alexandre de La Patellière’s The Count of Monte-Cristo, Antonin Baudry’s De Gaulle Part 1 & 2, Gilles Lellouche’s Beating Hearts, Jacques Audiard’s Emilia Perez, Mehdi Idir and Grand Corps Malade’s Monsieur Aznavour, Audrey Diwan’s Emma
Russian filmmaker Kirill Serebrennikov returns to Cannes once again this year with Limonov: The Ballad starring Ben Whishaw, for which we can share a first-look image from above.
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