Subsection 4: Investment of sums held in the automatic promotion account abroad

The investment of sums held in the automatic foreign promotion account by foreign sales companies is subject to the issue of an investment authorisation.

The application for investment authorisation must be submitted once a year when it concerns the promotion abroad of the company’s catalogue and twice at the most when it concerns the promotion abroad of a specific film.Until they are registered on a permanent basis, foreign sales companies may only invest 75% of the sums provisionally entered in their automatic account during the first half of that year for theatrical representation and…

When the investment of the sums entered in the automatic promotion abroad account is made under article 721-23 and the sums due in return for the acquisition of the exploitation rights abroad have not yet been paid when the application is filed, this investment is subject to two payments:1° The first instalment, which may not exceed 75% of the amount invested, is paid when the investment authorisation is issued;2° The…