Joint Investment Step by France and South Korea to Support Cinema
The leaders of France and South Korea announced a one billion euro joint fund to protect independent cinema against the threats of artificial intelligence and digital streaming.
French President Emmanuel Macron and South Korean President Lee Jae Myung came together at the Lumière Summit held in Saint-Paul-de-Vence to increase global support against the impacts of artificial intelligence and streaming platforms on cinema.
Location of the Lumière Summit
Dedicated to the memory of pioneers of cinema history, Auguste and Louis Lumière brothers, the Lumière Summit was held in the medieval village of Saint-Paul-de-Vence near Nice.
Participation of the Global Entertainment Industry
The gathering, attended by over two hundred guests from dozens of countries, hosted senior executives from major US studios such as Sony Pictures and Disney.
Hollywood star George Clooney also attended the event, contributing to the support given to cinema.
Warning on Artificial Intelligence and Creativity
French President Emmanuel Macron drew attention to the dangers of technology, stating that replacing creators with artificial intelligence would be a massive mistake.
South Korean President Lee Jae Myung, on the other hand, emphasized that artificial intelligence must develop in a much more responsible and human-centric manner.
Billion-Euro Fund for Independent Cinema
France and South Korea announced that they will invest one billion euros to support independent filmmaking.
It was reported that half of this fund will be covered by France's state investment bank, Bpifrance.
New Organization and Remote Participations
Emmanuel Macron also announced the establishment of a new organization with a budget of thirty million euros aimed at supporting independent cinema.
Famous film stars like Pedro Almodovar and Juliette Binoche also participated in the launch remotely.
Streaming Platforms and Absent Participants
While executives from platforms such as Netflix and TikTok took part in the event, YouTube and Meta declined the invitations.
Generative artificial intelligence companies, accused of using cinematic works without authorization to train their models, also did not attend the summit.