Canal+ and the French film industry signed a new agreement in Dijon at the annual Rencontres cinématographiques, in the presence of the new French Minister of Culture Franck Riester.
The agreement, which renews the way Canal+ will contribute to the financing of the French movie industry and feature film projects, will be applicable over a four years period to 2022. The pay-TV group remains the first financing partner of the French and Euro film sector.
The new agreement notably advanced the introduction of €180 million annual ceiling for the obligation to invest into European feature films, according to details revealed on November 7th by Satellifax, a partner to the Rencontres cinématographiques. Apart from subsidiaries, Studiocanal won’t be able to executive produce more than four French movies per year on the domestic territory.
The French film industry still has to renew its agreement with Orange’s OCS channel, another major partner. The objective is to reach to a new movie release window in the coming weeks.