French Investment In Local and International Films Dropped In 2013

French Investment Local and International Films

French investment in international co-production dropped 7.3% to 1.25 billion Euros

PARIS– Following reports that French pics lost market shares to Hollywood movies in 2013, the national film board, CNC, is now unveiling figures pointing to a decline in French film investment over the same period.

Impacted by the economic recession, French investment in local films fell 4.03% to 1.02 billion Euros ($1.35 billion), while Gallic investment in international co-production dropped 7.3% to $1.35 billion, respectively.

There were 209 French-majority films produced in 2013, on par with 2012; however the average budget of a local movie reached a decade-low, falling from $6.7 million in 2012 to $5.4 million last year. Only 19 movies with budgets above $13.5 million were produced, compared with 33 in 2012.

That trend towards smaller-budgeted local films is expected to persist in 2014 as France’s major companies – Gaumont, Pathe, EuropaCorp and Studiocanal — increasingly focus on homegrown pics with contained price tags, many of which are directed by emerging filmmakers.

Some of 2013’s highest-grossing local titles, including Wild Bunch’s “Nine-Month Stretch” and Gaumont’s “Me, Myself and Mum,” were budgeted under $13.5 million.

One of the most expensive French-language movies skedded for 2014 is Pathe’s $42 million “Supercondriaque” (pictured), Dany Boon’s follow up to smash hit “Nothing to Declare.”

Filed Under:

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: Logo

You are commenting using your 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