France and South Korea launch five-year cooperation in film

€1 billion.

Heads of state Emmanuel Macron and Lee Jae-myung announced the launch of the joint Lumiere Partnership — each country will invest €500 million in the development of the global film industry from 2027 to 2031, with the first financial instruments becoming operational as early as 2027. The agreement was unveiled at the Lumiere Summit, held in Saint-Paul-de-Vence in southern France.

The summit, named after the Lumière brothers, brought together more than 200 representatives of the global film industry from over 50 countries. Among the guests were actor George Clooney, Mediawan co-founder Pierre-Antoine Capton, Netflix co-president Ted Sarandos, NBCUniversal head Donna Langley, CAA head Bryan Lourd, as well as Cannes Film Festival president Iris Knobloch and other representatives of streaming services, awards and communities.

Also speaking at the summit, Macron warned that it would be a “colossal mistake” if AI technologies became a tool for replacing screenwriters and creators, and called for a new form of multilateral cooperation in support of the global film industry.