French films allocate less than 3% of their budgets on VFX on average: CNC report

French films on average allocate less than 3% of their total budget to VFX, according to a report on employment in the French VFX sector presented by the French film and television agency at PIDS Enghien in Paris. CNC.

A report by market research firm Audiens shows that for films with budgets over €15 million ($17 million), VFX spending increases by an average of 11.8% of the budget.

The data shows that the number of French films using VFX has increased over the past decade. In 2020, 108 of 131 French feature films use VFX costs in their overall budget. Total VFX costs for all French films in 2020 are estimated at $18 million.

CNC has yet to reveal VFX spending data for top French titles released in 2021, but top titles including “Eiffel,” presented a case study at PIDS Enghien.

Three titles contribute 39% of total VFX spending on French films in 2020 – Michel Hazanavicius ‘“The Lost Prince,” Spent $4.4 million on VFX, Roman Polanski’s “An Officer and a Spy” spent $2 million and Jan Kounen’s “My Cousin,” spent $620,000.

The session at PIDS Enghien, moderated by Yann Marchet, included presentations by Ivan Piccon, head of research at CNC’s Department of Research, Statistics and Forecasting, Philippe Degardin of Audiens, Stéphane Bedin of FICAM, and Olivier Emery of France VFX.

In 2019, the concentration of VFX spending on top titles is even higher. The top three accounted for 56% of total spend – Steven Quale’s “Braqueurs d’élite,” which spent over $8 million on VFX, followed by Luc Besson’s “Anna” and Antonin Baudry’s “Le Chant du loup” , each film spent more than 1.1 million dollars.

The French VFX sector is securing an increasing share of VFX spending on French productions. Overall, 76.7% of VFX spending is located in France, while 23.3% is handled by VFX stores outside of France.

The concentration of VFX spending is particularly pronounced on films with budgets over $17 million – 82.8% was spent in France.

Along with attracting VFX spending on French films, the success of the country’s VFX sector also depends on attracting international titles. This is further fueled by the recent change to France’s Tax Refund for International Production (TRIP) program, which now offers a 40% discount on all eligible costs for international projects. in which VFX costs exceed 2 million euros ($2.27 million) are spent in France.

The CNC report identified major recent international titles, including Ridley Scott’s “The Last Duel” and the Netflix series “Oxygen” and “La Révolution,” but did not reveal data on VFX spending by the company. surname.

CNC conducted a survey of manufacturers on their views regarding VFX. Responses included the comment that VFX offers a significant advantage to films, but current budget levels mean that only high-budget movies can make effective use of these tools.

The number of VFX firms operating in France increased from 60 in 2011 to 78 in 2016, but overall has stabilized since then, falling slightly to 73 in 2020.

Between 2011 and 2019, the rate of full-time employment in the VFX sector increased by 24%. In 2020, the sector has 899 full-time employees, 39% higher than the figure recorded in 2011. However, employment levels, especially for freelancers, have declined in 2020 as a result of the pandemic.

However, comparative data shows that full employment in the VFX sector is still better than other sectors, such as film production, which have stalled during the shutdown.

Jobs focused on the top five French VFX players, including BUF, Mikros and MacGuff. The top five companies represent 54% of all wages paid in the sector.

Employment is concentrated in the Paris/Ile de France area, where 79% of French VFX companies are headquartered and 94% of all wages paid in the region.

Two-thirds of all employees working in VFX are generally male. For programmers, the percentage is even higher – where men make up 77% of all VFX technical jobs. However, the data show a higher proportion of female workers in the younger age group, aged 20-29, which may lead to an increase in the proportion of female workers in the coming years.

https://variety.com/2022/artisans/global/french-films-cnc-1235167074/ French films allocate less than 3% of their budgets on VFX on average: CNC report

Fry Electronics Team

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