Commentary: Europe's Film Industry Could Use A Dose Of Realism

Europeans ought to applaud. British actors are high among the year's Academy Award nominees. Films are opening to huge audiences in Germany and France. Europe's film industry is springing back to life. They made 700 features last year, vs. 514 in 1994. Yet the momentum may be lost in a new fight against U.S. "cultural imperialism." France wants to keep film out of a global investment pact. Eurocrats are raising subsidies and attacking U.S. distribution practices. Around Europe, barriers block multiscreen cinemas--a key to the industry's future.

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