France and South Korea pledge €1 billion to joint screen industry fund

The short version

• France and South Korea have each committed €500 million to establish a €1 billion screen industry financing initiative.[Variety]
• The partnership was announced at a summit co-chaired by French President Emmanuel Macron and South Korean President Lee Jae-myung.[Variety]
• France's share will be provided via Bpifrance, while the program's initial financial instruments are scheduled to deploy between 2027 and 2031.[Variety]

Key facts

• France and South Korea each pledged €500 million toward a combined €1 billion initiative for global screen industries.[Variety]
• The first funding instruments under the partnership are slated to deploy from 2027 through 2031.[Variety]
• The announcement occurred at a summit co-chaired by Emmanuel Macron and Lee Jae-myung.[Variety]
• Bpifrance will manage France's financial contribution to the initiative.[Variety]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.

• France and Korea Launch $1.16 Billion Screen Industry Financing Partnership at Lumiere SummitVariety metered