We serve European and international journalists with our press releases. We regularly publish facts, figures and analysis from our latest publications or conference presentations in the form of press releases targeting the journalist community.

All press releases are available in English, French and German. We also offer free copies of our publications to bona fide journalists who quote our work in their articles or write about our publications.

Our experts and analysts are often solicited to answer journalists' questions and participate in radio and television programmes. We are very glad to do this inasmuch as the work involved in producing our publications allows.

If you wish to join our unique network of journalists covering the audiovisual industries, or simply wish to receive our press releases for information, send an email to the Observatory's Press Officer (see details on the right). We look forward to satisfying your information needs.

For any press releases prior to 2017, please contact [email protected]

Latest press releases

Back Average budget of European fiction films in 2020 was EUR 2.06 million

European Audiovisual Observatory publishes new free report on the financing of European fiction films
Average budget of European fiction films in 2020 was EUR 2.06 million

Download "Fiction film financing in Europe: A sample analysis of films released in 2020" here


This new report finds that:

  • The median average budget of a European theatrical fiction film released / scheduled to be released in 2020 was EUR 2.06 million.
  • The largest financing source was clearly direct public funding which contributed 26% of the total financing volume, followed by broadcaster investments (20%) and producer investments (18%) (this text was corrected on 10.2.2023 in order to align it with the correct information given below in the excel table. We had previously written: The largest financing source was clearly 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).
  • The percentage share of direct public funding in film financing decreases with increasing market size and budget volume.

This report is the fruit of a major collaboration project between the European Audiovisual Observatory, part of the Council of Europe in Strasbourg, and the European Film Agency Research Network (EFARN). It was authored by Martin Kanzler, Deputy Head of the Observatory’s Department for Market Information.

This annual report aims at providing concrete figures on how European theatrical fiction films are being financed, offering a big-picture, pan-European perspective, and complementing work done at national levels. Based on the actual budget analysis of 482 European live-action fiction films released / scheduled for in 2020, this is probably the largest pan-European data sample available to date on the financing of European fiction films for this year. The report provides unique fact-based insights on a wide variety of research questions, from the quantification of the average budget of theatrical European fiction films, to the importance of individual financing sources.

While the number of sample films dropped significantly in 2020, namely from 651 films released in 2019 to 482 films released in 2020, clearly reflecting the decrease in releases due to cinema closures in 2020, no significant changes in the financing structure of films could be observed. This is most likely due to the fact that films released in 2020 had been financed before the pandemic hit. Potential impacts on financing assumedly only become visible in data sets on films released in 2021 to 2023. 

Theatrical fiction budgets in Europe

The data sample studied [see methodological notes below] suggests that the mean budget of a European theatrical fiction film released in 2020 represented EUR 3.02 million while the median sample budget amounted to EUR 2.06 million. However, average budgets differ widely among countries. Not surprisingly, average budgets are higher in larger markets and lower in countries with lower box-office potential, as exploitation in national markets remains key for most films. The median budget of a European fiction film originating in France, Germany, Italy, Poland or the UK (the large markets included in the sample) amounted to EUR 2.7 million in 2020 compared to EUR 1.8 million for fiction films produced in a medium-sized European market and EUR 1.1 million for fiction films from small markets.

Financing structures for theatrical fiction films in Europe

Source: European Audiovisual Observatory

In 2020, the financing of European theatrical fiction films was primarily based on five different financing sources: direct public funding; broadcaster investment; producer investment; pre-sales; and fiscal incentives. The single most significant financing source clearly was direct public funding, which accounted for 26%. Direct public funding was followed by broadcaster investments which accounted for 20% of total financing while producer investments (excl. broadcasters) accounted for 18% of total financing slightly ahead of production incentives (17%). Pre-sales (excl. broadcasting rights) accounted for 14% of total financing. Other financing sources, including private equity, debt financing or in-kind investments are negligible from a cumulative perspective.

However, there appear to be significant structural differences among countries concerning how theatrical fiction films are financed. Some of these differences are apparently linked to market size. 

The two most obvious differences concern direct public funding and pre-sales. The data clearly suggests that the weight of direct public funding in film financing decreases with increasing market size and vice versa. While comprising only 20% of total financing in the five large sample markets, public funding accounted for 44% in medium-sized and 58% in small sample markets. 

In contrast, the importance of pre-sales (other than those to broadcasters) as a financing source decreases with market size. Pre-sales tend to be most important in large markets, where they in 2020 accounted for 15% (18% excluding French films), compared to ‘only’ 10% in medium-sized and 9% in small sample markets.


The analysis is based on a data sample comprising detailed financing plans for 482 European live-action fiction films - theatrically released / scheduled for release in 2020 from 27 European countries. The data sample includes both 100% national as well as European-majority-led co-productions. It covers a cumulative financing volume of EUR 1.45 billion. The data sample is estimated to cover 64% of the total number of European fiction films released in 2020.    

Strasbourg 9 February 2023
  • Diminuer la taille du texte
  • Augmenter la taille du texte
  • Imprimer la page
Films of the latest Observatory workshops and conferences

Creators in Europe’s Screen Sectors – Sketching Present and Future Challenges - 7 June 2022

The European cinema sector - diverging paths? - 20 May 2023

FOCUS 2023: Key Trends in the Film Sector - 19 May 2023



If you wish to receive our press releases, please send an email to Alison Hindhaugh

  + 33 (0) 3 90 21 60 10 (direct)

Photos and Logos

To download our logo, obtain a photo of our team or our headquarters simply click below.


Watch our videos