The Acapulco Franco-Mexican Film Festival has been cut to a biennial event.The seventh fest, due in November, will now unspool in fall 2003 as organizer Unifrance attempts to get better value for its money from an event where dollar costs run into seven figures. The festival launched in 1996 to promote French product across Latin America. Distribs and TV buyers are invited at Unifrance’s expense. The December fest saw 23 distrib deals struck for 14 films. Now some 40 French films get commercial releases in Mexico alone every year, compared to just five on average before the festival. Unifrance will hold a Mexican Cinema week in Paris Nov. 12-17.