French Movie Sector Drew $1.28B Investment In 2022 As Activity Returned To Pre-Pandemic Levels

deadline.com:

The French movie sector saw investment and activity return to pre-pandemic levels in 2022, while streamer contributions rose, according to the annual production report of France’s National Cinema Centre.

Overall, there was $1.28 billion (1.18 billion euros) worth of investment in feature film production in 2022, against €1.44 billion (1.33 billion euros) in 2021 and $1.21 billion (1.11 billion euros) in 2019.

The number of films also stabilized at 287, down from the 2021 spike of 340 but in line with the 10-year average of 288. The annual study, released on Wednesday, draws on budget information provided for feature film productions approved by the CNC as eligible for its different support schemes and is seen as giving an accurate reflection of what is going on in the sector from one year to the next. “After a 2021 marked by a record number of approved films due to the strong catch-up effect of 2020, when production was hit by the crisis, 2022 returns to a level of production in line with that seen before the health crisis,” the CNC said.

Breaking the figures down, the data presented a more complex picture for the “French initiative films” (FIF) as well as local investment.