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Driven by Korean content demand, Netflix’s global influence, and strong government support, South Korea’s FAST market is projected to double in revenue and become the 12th largest worldwide.

The change comes as a result of the French government’s recent decision to host the 2026 G7 Summit in the Haute-Savoie region—where Annecy is located—during the same week the festival was initially scheduled.

Culture, Media and Sport Committee had recommended a levy on streamers like Netflix and Disney+ to fund British content, citing a potential £50 million annual boost, but ministers conclude it is unnecessary given current market health.

The government’s sector strategy allocates £75m for a Screen Growth Package, raising UK Global Screen Fund to £18m annually and investing in CoSTAR labs and BFI Film Academy to boost apprenticeships and AR innovation.

The government-backed plan focuses on boosting production capacity, fostering talent development, and enhancing Korea’s competitive edge in the global animation market. Strategic support for streaming content, co-productions, and technological innovation will drive long-term industry growth.