French gov’t nabs $26.6 mil from CNC

Finance committee had wanted to cut $175 million

PARIS — The French senate has passed a measure to divert $26.6 million from the film fund body Centre National de la Cinematographie to the state budget.

This year’s healthy French B.O. results mean the CNC should receive an extra $234 million in 2011 from taxes on tickets, in addition to taxes on TV channels, VOD and film-related products.

The finance committee’s Philippe Marini said that the $26.6 million axed from the CNC’s 2011 budget will help offset the country’s budget deficit.

One of the CNC’s biggest projects is a three-year plan to earmark $168 million to digitize 1,500 screens in small cinemas.

The finance committee had previously proposed to cut $175 from the CNC’s 2011 budget but faced widespread protests from France’s film unions and industryites.

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