France’s CNC may have revenue capped

Senate passes measure to divert coin

PARIS — The French Senate has passed a bill to cap revenues of the CNC, the state film and TV agency, at Euros 700 million ($938 million), and divert the excess into the state budget.

The CNC’s rev streams from taxes on film tickets, TV channels, VOD, mobile, Internet, DVDs and other film-related products, which serve to fund the biz, will each have an individual cap.

Excess from taxes on Internet service providers will be used to finance the National Music Center (NCM), which is set to launch next year.

The measure provoked uproar in the French film and TV biz when it was passed last month by the National Assembly (a href=”http://www.variety.com/article/VR1118044920″ target=”_new”>Variety, Oct. 24, 2011/a>).

Industry players and unions lobbied so energetically against the bill that the government suggested an amendment that restricted the cap to revenue from taxes on TV services, but the Senate rejected that.

The measure could yet be overturned, however, by a bipartisan commission, made up of politicians from both chambers, which will seek a more consensual approach.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Film News from Variety

Loading