Finance, policy and industrial dynamics : The rise of co-productions in the film industry

This paper explores the growing phenomenon of international co-productions in the film industry. We argue that the rise of co-productions is part of a wider narrative of financial and institutional innovation shaping industrial organization in the film industry. This narrative centres on film finance as a central risk distribution mechanism, and discusses how changes in film support policy, increased tax competition, the search for finance and an abundance of inflowing capital are increasingly driving industrial dynamics in the film industry.