France, South Korea Commit €1 Billion to Global Screen Industries

The Lumière Summit, held in the South of France, concluded with a significant financial commitment from France and South Korea to bolster the global screen industries. The two nations have pledged a combined €1 billion (approximately $1.16 billion) for investment between 2027 and 2031.

This substantial funding initiative, spearheaded by French President Emmanuel Macron, is designed to support various aspects of the audiovisual sector and is open for participation by other interested countries. The announcement marks a key outcome of the summit, which focused on the future trajectory of the moving image and its associated industries.