Macron says France, South Korea to invest US$1.15 billion to support audiovisual industry
- On Monday, French President Emmanuel Macron and South Korean President Lee Jae Myung launched the Lumiere Summit in Saint-Paul-de-Vence, France, pledging €1 billion over five years to support the audiovisual sector and cultural sovereignty.
- The summit aims to forge alliances as the global film industry faces threats from streaming platforms and technological disruption; Macron warned that replacing creators with new tools would be a "tremendous mistake."
- France's state investment bank Bpifrance will contribute €500 million, with South Korea providing the remaining half. More than 200 guests from 55 countries, including George Clooney, attended the event.
- Macron announced creation of a new international organization to bring together "all independent cinemas" with the aim of "preserving the diversity of this model," while calling for stronger copyright protections.
- South Korea, home to Oscar-winning director Bong Joon-ho and filmmaker Park Chan-wook, joins France in this partnership to regain control over technological transformations and protect the creative value chain.
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President Lee Jae-myung, who is on a state visit to France, stated on the 7th (local time), “While the commercial sector of culture and arts will be covered by the private sector, for independent arts and pure culture fields that have not been covered, we must discover subject matter, nurture artists, support production and distribution, and create funds to enable international competition together.
How will AI change filmmaking? Only one of the questions about the future of cinema. France and South Korea commit themselves to greater commitment at a summit.
(Nice=Yonhap News) Reporters Lim Hyeong-seop and Ko Dong-wook = President Lee Jae-myung, who is on a state visit to France, [attended] the Film and Video Industry Summit held near Nice on the 7th (local time) ...
During a meeting with filmmakers in France, President Lee Jae-myung instructed that the introduction of the SOFICA system, designed to promote investment in new and independent films, be officially reviewed. This measure aims to improve the domestic ecosystem, which is heavily skewed toward blockbuster commercial films. Emphasizing the public value and high efficiency of the culture and arts sector, attention is now focused on whether this will …
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