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# France and Korea Pledge $1.16 Billion for Film Over Five Years
- URL: https://scrolletta.com/france-and-korea-pledge-1-16-billion-for-film-over-five-years/
- Published: 2026-09-09T06:32:26.000Z
- Updated: 2026-09-09T06:32:26.000Z
- Description: Presidents Emmanuel Macron and Lee Jae-myung adopted a joint declaration on film and video industry investment at the inaugural Lumiere Summit in Saint-Paul-de-Vence on September 7.
- Author: Scrolletta Staff
- Tags: Money, Lumiere Summit, Alliance Lumiere, FFA, Screen Ireland, BFI, #pool-2026-09-09, #ai-generated

Presidents Emmanuel Macron and Lee Jae-myung adopted a joint declaration on film and video industry investment at the inaugural Lumiere Summit in Saint-Paul-de-Vence on September 7\. Each country commits EUR 500 million (\~$580 million) starting in 2027\. The same summit launched Alliance Lumiere, a network of 54 national film agencies including Germany's FFA, Ireland's Screen Ireland and the UK's BFI, which will meet annually in Cannes and at a rotating congress. The next question is where the money goes: France's existing levers are the CNC automatic and selective systems, Korea's are KOFIC and regional funds.

**Source**: [Seoul Economic Daily](https://en.sedaily.com/politics/2026/09/07/korea-france-to-invest-1-billion-euros-in-film-industry?ref=scrolletta.com) | **Primary**: [Screen Ireland](https://www.screenireland.ie/news/screen-ireland-attends-the-lumiere-summit-2026-as-a-founding-member-of-the-newly-formed-lumiere-alliance?ref=scrolletta.com)