French Animation, VFX Business Booms on Back of Production Incentives
Martin Dale ContributorFrance is the world’s third-biggest animation producer, according to data from the CNC, with 7,790 employees last year.A rising number of international productions, especially TV animation series, are flocking to France, attracted by its 30% tax rebate for international projects (TRIP) program.A higher 40% tax rebate is available for VFX projects with over €2 million ($2.14 million) VFX spend in France, with seven projects supported in 2021, including Ridley Scott’s “The Last Duel.”In 2021, animation repped 46% of all foreign production spend under the TRIP scheme, marking a 62% increase between 2019 and 2021.Demand for animation and VFX staff is surging in France with 16% job growth in 2021 alone. The number of TRIP-supported animation projects doubled between 2019 and 2021, and the number of all film and TV projects (fiction and animation) increased by 231%.