Merely seven months before a fateful presidential election which has the far right leading polls, the French TV and film industry is in shambles.
\n\nDespite recent efforts led by French President Emmanuel Macron to showcase and export France’s unique cultural model overseas — notably during the Lumiere Summit co-organized by the South Korean president — the country is currently battling over clashing agendas, with Netflix and other streaming services on a crusade to limit investment obligations in French content; broadcaster France Televisions struggling to cope with declining advertising revenues and fresh budget cuts; and pay TV group Canal+ striving to hold on to its favorable position in the country’s windowing schedule while resisting larger investments in French cinema.
\n\nWhile these battles have been brewing for some time, two recent reports released this week have served as catalysts for the current situation.
\n\nFrance Televisions’ president Delphine Ernotte Cunci revealed in an interview with Le Monde that the French government is planning a €47 million cut in funding for 2027 as part of its Finance Law (setting the national government’s budget), and a further €47 million cut in subsidies. These would be leaving the broadcaster with a total shortfall of €90 million…
Original source: https://variety.com/v/tv/