Entertainment - Media News Watch originally published at Entertainment - Media News Watch
Fuelled by a competitive tax rebate and infrastructure investment, international production in France has tripled from a EUR305m spend in the country in pre-pandemic 2019 to a total spend of nearly EUR1bn (EUR991m) in 2022, up from EUR398m in 2021.
“It’s clearly not just a post-Covid catch-up trend,” the CNC’s director of digital Vincent Florant told Screen of the surge in international production in the territory.
101 projects benefitted from the TRIP (Tax Rebate for International Production) in 2022, a rebate of up to 30% of the eligible production spend to a cap of EUR30m that rises to 40% when VFX expenses surpass EUR2m ($2.27m) on local soil. 101 projects received the TRIP in 2022. This is a double increase from the 2019 figure of 55 projects, 56 in 2020, and 62 in 2021. Jeremy Garelick’s
Murder Mystery 2
for Netflix was shot at the Studios de Paris, as well as at the Eiffel Tower and other famous spots in Paris. Jeremy Garelick’s Murder Mystery 2 for Netflix shot at the Studios de Paris, as well as on the top of the Eiffel Tower and throughout the city.Other prestige projects include Thomas Napper’s feature from WME Independent Clicquot
about the origins of the famed Veuve Cliquot champagne family, Apple TV+ series The New Look and Franklin, Anna Winger’s multilingual co-production Translatlantic, Haut et Court series Mr. Spade from The Queen’s Gambit co-creator Scott Frank and showrunner Tom Fontana.Among the qualifying TRIP projects, around two thirds of total spending went to fiction projects (EUR664m) and one third to animation (EUR327m) according to the CNC. Animation projects include Illumination Mac Guff’s work on Super Mario Bros
and Fortiche Studios with the second season of Netflix’s Arcane.Extending their TRIP“The 40% changes everything,” John Bernard, leading France-based producer and CEO at Peninsula Film explained, adding that producers shooting in the country are “getting 40% on their below the line as well. That is why
Franklin
came over. It is why Franklin stayed for the whole thing.” Peninsula has been involved in major international productions, including Inception and Hugo to more recent series The Serpent Queento Clicquot. “We’re doing whole films here, not just a piece of them and that’s changed the dynamics of how we look for business and do business,” he added.When Peninsula worked on 2007 action thriller TheBourne Ultimatum, “they came to town to do three days of shooting and no stunts. He explained that France is the most popular place to shoot today.
“They don’t need to multi hub,” he said, adding that with incentives like these, “you’d be mad not to bring a whole show to France.”Raphael Benoliel, a go-to production manager for Hollywood and beyond via his company Firstep, adds: “It’s the best tax credit in the world for series.” Benoliel handled line production for John Wick: Chapter 4, Murder Mystery 2 and David Fincher’s upcoming
The Killer
in addition to each of the four seasons of Emily In Paris and Raise The Dead.The CNC continues to multiply its efforts to attract – and keep – foreign shoots in France. After a EUR1m studio revamping in 2020 and a EUR10m investment in 2021, the “France 2030” plan’s ‘The Great Image Factory’ project includes a EUR350m investment from the government that will be completed by private investors for a total EUR2bn spent on constructing sound stages, virtual and physical production, VFX and animation and also education.Apple partnering with Sony on global theatrical release of ‘Napoleon’, releases first look
Entertainment - Media News Watch originally published at Entertainment - Media News Watch
