Article 721-24 of the French Cinema and Moving Image Code
The investment of sums held in the automatic foreign promotion account by foreign sales companies is subject to the issue of an investment authorisation.
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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…
Automatic financial aid and selective financial aid are awarded to support the promotion of audiovisual works abroad.
The award of financial aid for the promotion of audiovisual works abroad is subject to the provisions of Commission Regulation (EU) No 651/2014 of 17 June 2014 declaring certain categories of aid compatible with the internal market in application of Articles 107 and 108 of the Treaty, in particular those provided for in Chapter I and Article 54 of Section 11 relating to aid schemes for audiovisual works.
The beneficiaries of aid for the promotion of audiovisual works abroad are production or distribution companies.
To be eligible for aid for the promotion of audiovisual works abroad, companies must meet the following conditions:1° Be established in France;2° Have chairmen, directors or managers, as well as the majority of directors, who are French nationals or equivalent;3° Not be controlled by one or more natural or legal persons who are nationals of States other than European States, when they are incorporated in the form of a commercial…
Companies must provide evidence of sales of exploitation rights abroad for works meeting the conditions of article 722-6, either for a minimum amount of €100,000 during the year preceding the application for aid, or for a minimum amount of €200,000 during the two years preceding the application for aid.
Audiovisual works produced under the conditions laid down in Chapter I of Title I of Book III which meet one of the following two conditions are eligible for support for the promotion of audiovisual works abroad:1° Either have been the subject of a duly completed and certified acceptance of their final version by one or more television service publishers or one or more on-demand audiovisual media service publishers established in…
The total amount of financial aid awarded for the promotion of audiovisual works abroad may not exceed 50% of the expenditure incurred by the company in this respect.
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75001, Paris France
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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