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About Judy

As WP's senior editor, I edit review and preview articles, attempt to keep up with the frantic pace of Rainier's news posts, and keep our reviewers on deadline, which is akin to herding cats. When I have a moment to myself and don't have my nose in a book, I like to play action/RPG, adventure and platforming games...

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France Surrenders Tax Credit to Game Developers

by Judy on Feb. 1, 2007 @ 2:03 p.m. PST

The French Parliament has approved a bill which would grant tax credits to video game developers for 20% of production costs, up to €3 million ($3.91 million) per year. Games would have to include "a cultural dimension," although it's unclear what that would entail.

France is to offer tax credits to encourage local companies to develop video games, the Ministry of Culture said on Thursday.

Parliament has approved a measure that will offer tax credits to producers of video games "with a cultural dimension" to finance 20 percent of a company's production costs to a maximum of 3 million euros ($3.91 million) a year, the ministry said in a statement.

It said the move, intended to keep video game production in France, had been decided in recognition of the growing cultural importance of video games, which it said were played regularly by 15 million people in France.

"It recognizes the cultural character of the video game, which involves several branches of artistic talent: writers, directors, graphic artists, musical and sound creators," it said.

The statement noted that the European Commission had begun a formal examination of the proposed measure which would be completed in a few weeks.

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