Elsa Keslassy International Correspondent France engaged in a record 144 international co-productions in 2022, while the number of majority French movies produced dropped by 10% to 208 titles, according to a study unveiled by the National Film Board (CNC). For the first time since 2003, half of the movies produced in France were international co-productions (with 33 countries) last year, compared with 42.1 % in 2021 and 39.6 % between 2017 and 2019. Investment in films dropped by 12.8% to €1.18 billion ($1.30 billion) compared with 2021, while foreign investment broke a 10-year record. In France, TV channels as well as streamers (since the start of 2022) are required to invest a percentage of annual revenue on French and European productions. As such, they invested a total of €280.78 million in 159 films in 2022, a 8.3 % drop compared with the average invested between 2017 and 2019.