What's Happening?
Xavier Niel, a prominent French billionaire and co-founder of Mediawan, has purchased a 119-acre former air base in Reims, Northern France, to establish a large-scale film studio. The acquisition, costing approximately €72 million ($84 million), is supported by a €12 million ($14 million) contribution from the French State. The planned Studios de Reims will feature extensive film sets, outdoor spaces, and facilities for offices and dressing rooms. The project aims to provide a competitive filming location in France, addressing the saturation of supply in Paris. The studio is expected to open by the end of 2026, with construction continuing until 2031.
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Why It's Important?
The development of Studios de Reims is significant for the French film industry, as it positions France to compete with major European studios like Pinewood in the UK and Babelsberg in Germany. The new studio could attract international productions, benefiting from France's tax incentives, which offer up to 40% rebates for movies with visual effects. This initiative may bolster France's cultural and economic standing in the global entertainment sector, potentially increasing job opportunities and fostering local talent.
What's Next?
The construction of Studios de Reims will continue until 2031, with operations expected to commence by the end of 2026. As the studio develops, it may attract interest from international filmmakers seeking competitive filming locations. The French government and industry stakeholders will likely monitor the project's progress and its impact on the local economy and cultural landscape.
