The median average budget of a European theatrical fiction film is EUR2.06 million, according to a European Audiovisual Observatory report.
The report, based on films released in 2020, found that the largest financing source was direct public funding which contributed 26% of the total financing volume, followed by producer investments and broadcaster investments, both of which accounted for 18% of total financing.
Production incentives made up 17% of an average budget, while pre-sales (excluding broadcasting rights) accounted for 14%.
However, public funding varies in importance depending on market size. The report found that the average budgets of European fiction films vary widely depending on the size of their markets. Martin Kanzler, deputy head of the Observatory’s Department for Market Information, authored the report. It was based on the budget analysis of 482 European live-action fiction films. The average budget for films made in Europe, Germany, Italy and Poland in 2020 was EUR2.7 million. This compares to EUR1.8 million for films made in a medium-sized European country and EUR1.1 million for films made in small markets. It was authored by Martin Kanzler, deputy head of the Observatory’s Department for Market Information.
It was based on the budget analysis of 482 European live-action fiction films released / scheduled for in 2020.
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