Netflix has signed a three-year agreement with French film guilds to invest a minimum of €40 million ($45 million) in the financing of French and European movies which will be released in French th…
Netflix will have an exclusive window on these movies for a duration of seven months.
The pact also has a provision for lower budget films. It features a diversity clause under which Netflix will have to dedicate at least 17% of the €40 million in financing French-language movies with a budget of under €4 million. The streamer will need to invest in a minimum of 10 movies at the pre-financing stage, meaning no later than the commencement of principal photography.
To date, Netflix is the first and only streaming service to have signed this agreement with French film orgs, BLIC , BLOC and ARP . France is also the only country in Europe to have inked such deal with Netflix or any other platform. The streamer previously had to wait 36 months to access movies that are theatrically released in France and hopes the current 15-month window will be shortened within the next three years.
France’s strict windowing rules have prevented Netflix from world premiering its movies in competition at Cannes since the festival requires every competing film to have a theatrical bow in France.
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