Harvard business reports (1930)

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FRANCE 455 can films into France which had existed since the recommendation in March of new and more stringent regulations. The new agreement was, in effect, a continuation for a period of two years of previously existing protective regulations; it was hoped that during this period a definite agreement based upon a more satisfactory method of protection might be formulated and adopted by the industries of the two countries. The necessity for an arrangement that would permit further development of the French market for motion pictures, together with the influence of any decision upon the quota restrictions in other European countries, gave particular importance to a satisfactory solution of the protective problem. As shown in Exhibit i, American participation in the French market had declined steadily since 1924, when American producers supplied nearly 85% of the country's requirements for feature films. Exhibit i Feature Film Market in France, 192 41928* Total No. U. S. Per French Pro of Films U. S. Films centage Share French Films ducers' Share Censored of Market of Market 1924 693 589 84-9% 68 9-7% 1925 704 577 80.9 73 10.3 1926 565 444 78.6 55 9-7 1927 581 368 63-3 74 12.5 1928 583 3i3 53-7 94 16. 1 * Source: Bureau of Foreign and Domestic Commerce, Trade Information Bulletin No. 617, 1929. See page 465 for data on 1929 distribution. In quantity of film footage France ranked fourth among European markets and ninth among world markets for American motion pictures in 1928. In amount of revenue, France ranked high. The largest United States distributors obtained at that time from 25% to 40% of their total revenue from foreign distribution, of which from 1% to 2% was secured in France. Import and export statistics are available only in film footage, positive or negative. It should be noted that neither number of pictures nor film footage constituted an accurate measure of the relative share in the market, as pictures varied in revenue-producing value. It was generally conceded that American pictures obtained a higher average gross revenue than foreign pictures in