The 3-year deal includes an agreement for the films to premiere in French theaters before debuting on the streamer 15 months later
Netflix has struck a three-year deal with France’s film guilds to invest €40 million ($45 million) each year to finance French and European movies. The deal also marks the first agreement between a global streamer and the French film industry that will cut their theatrical window in half. Roughly 4% of Netflix’s annual revenue made in France will now go toward financing movies made in France and Europe, with at least €30 million reserved for French-language films specifically. The deal was first announced back in January and is now official. What’s more, these movies will now be able to premiere on Netflix 15 months after they first premiere in French cinemas, which is cut down from a window of 36 months.
