Film Fund Luxembourg & Iceland Signs 1st Co-Production Treaty

On Saturday 16 May 2026, Film Fund Luxembourg announced that Luxembourg and Iceland had signed their first joint co-production treaty to strengthen collaboration between the two countries’ audiovisual industries.

The agreement was concluded as part of the official visit of Luxembourg’s Minister of Culture, Eric Thill, at the Cannes Film Festival and Marché du Film, held in France.

The provisions of the treaty will facilitate co-productions between Luxembourg and Iceland, ensure their recognition in both territories and seek to promote the further development of cultural and technological ties between the countries’ audiovisual industries. Under the treaty, the financial contribution of the Luxembourg or Icelandic co-producer representation may vary between 10% and 90% for each co-production. Works developed within this framework will be recognised as national productions in both Luxembourg and Iceland.

In addition, co-producers are required to make an effective technical and creative contribution proportional to their financial participation. The technical and creative contribution comprises the combined share of creative talent, performers, technical and production crews, as well as the use of studios, laboratories and facilities.

The agreement was signed by Guy Daleiden, Managing Director of Film Fund Luxembourg, and Gísli Snær Erlingsson, Director of the Icelandic Film Centre, in the presence of Minister Thill. Its scope covers audiovisual productions of any genre and format, including feature films, series and digital technology-based works such as XR experiences, designed for any type of distribution channel, noted Film Fund Luxembourg.

Luxembourg and Iceland already maintain active exchanges within the audiovisual sector. Two co-productions are currently underway: A FAVOUR, directed by Grímur Hákonarson and co-produced by Sarimar Films (Iceland), Iris Productions (Luxembourg), June Films (France) and Profile Pictures (Denmark); and THE MAN IN THE STOREROOM, directed by María Sólrún and co-produced by Red Lion (Luxembourg), Sagafilm Productions (Iceland) and Wunderlust (Germany).

According to Film Fund Luxembourg, the treaty will enter into force for an initial period of five years following ratification by both countries’ parliaments.