# France and Korea Launch $1.16 Billion Screen Industry Financing Partnership at Lumiere Summit

- URL: https://talkfuse.com/story/france-and-korea-launch-1-16-billion-screen-industry-financing-partnership-at-lumiere-summit/
- Published: 2026-09-07T13:13:09+00:00
- Updated: 2026-09-07T19:16:36+00:00
- Original publisher: Variety
- Original article: https://variety.com/2026/film/news/france-korea-billion-screen-industry-partnership-lumiere-summit-1236853711/
- Topics: Art, Asia, Culture, Europe, Geopolitics, Politics, World

## Key points

- France and Korea launch €1bn Lumière Partnership to boost screen industries
- Each nation pledges €500m; funding runs 2027–2031
- Comes as France's inbound production spending nearly doubles this year

## Summary

France and Korea have formally launched the Lumière Partnership, a €1 billion ($1.16 billion) joint fund to strengthen their screen industries, unveiled at the Lumière Summit in Saint-Paul-de-Vence and co-chaired by Presidents Emmanuel Macron and Lee Jae-myung. Each country is contributing €500 million, with the first funding instruments deploying between 2027 and 2031, and the partnership prioritising companies with the scale and ambition to compete internationally; it remains open to further countries joining. It matters as a deliberate state-backed push to build globally competitive film, television and animation firms, arriving alongside fresh figures showing France's inbound production spending nearly doubling this year.

France's share will run through public investment bank Bpifrance, working with the CNC, which has already fast-tracked almost 150 companies via its French Touch plan; the money will fund equity stakes, R&D and creative-innovation grants, and risk-sharing co-financing with banks and private investors, all aligned with summit principles putting human creativity first and committing to copyright protection and cultural diversity. The announcement coincided with data showing international productions have committed €628.5 million to French spending since January 2026 — split across fiction, animation and visual effects — with the year-end total expected to reach roughly €1 billion, about double last year's figure, driven by enhanced tax incentives and the "Grande Fabrique de l'Image" studio-expansion programme; the Lumière Partnership was one of several commitments to emerge from a summit attended by 300 participants from over 60 countries.

## Coverage

- [Variety: France and Korea Launch $1.16 Billion Screen Industry Financing Partnership at Lumiere Summit](https://variety.com/2026/film/news/france-korea-billion-screen-industry-partnership-lumiere-summit-1236853711/)
- [Deadline: France & Korea Pledge $1.16B For Global Screen Industries At South Of France Cinema Summit](https://deadline.com/2026/09/france-korea-one-billion-dollars-pledge-lumiere-summit-1237070166/)

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.