Canal Plus to raise contribution to cinema production

France’s economy and finance minister is to raise the maximum contribution to which Canal Plus is liable to support domestic audiovisual production from 4.5% to 6.7% of its revenues, according to local reports.

The move follows the government’s decision to row back on a plan to raise the level of VAT on pay-TV subscriptions from 5.5% to 19.6%. Canal Plus contributes to the COSIP, a fund designed to support French cinema production.

The contributions made by ISPs to COSIP remain unchanged for now, despite a decision to subject their triple-play subscriptions to a uniform VAT rate of 19.6%, according to the reports.