Spain has unveiled a €1.7 billion investment plan to boost the local audiovisual industry and attract international investment during the Marché du Film in Cannes. The plan, part of the Spain Audiovisual Hub Plan launched in 2021, aims to establish Spain as a leading audiovisual hub in Europe. The plan includes new financial instruments and aims to achieve a turnover of €713 million by 2026. Spain is currently the second largest producer of audiovisual content in Europe.

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