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.