4° Tax credit for expenditure on the production of phonographic works

I. – Phonographic production companies within the meaning of Article L. 213-1 of the Intellectual Property Code, subject to corporation tax, are eligible for a tax credit in respect of expenditure on the production, development and digitisation of a phonographic or videographic musical recording (music video or multi-purpose digital music disc) referred to in III, provided that they are not owned, directly or indirectly, by a television or broadcasting service…