France engaged in a record 144 international co-productions in 2022, while the number of majority French movies produced dropped by 10% to 208 titles, according to a study unveiled by the National Film Board (Cnc).

For the first time since 2003, half of the movies produced in France were international co-productions (with 33 countries) last year, compared with 42.1 % in 2021 and 39.6 % between 2017 and 2019.

Investment in films dropped by 12.8% to €1.18 billion ($1.30 billion) compared with 2021, while foreign investment broke a 10-year record.

In France, TV channels as well as streamers (since the start of 2022) are required to invest a percentage of annual revenue on French and European productions. As such, they invested a total of €280.78 million in 159 films in 2022, a 8.3 % drop compared with the average invested between 2017 and 2019.

Free-to-air channels, such as TF1 and M6, invested €111.25 million in 2022, a 15.4 % year-on-year drop and a record low since 2014 (with the exception of 2020 during the pandemic).

Meanwhile, streamers, including Netflix, Disney+ and
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