Fourteen films currently being presented at this year’s Cannes Film Festival have received support from the European Commission.

The European Commission has funded a number of European films at the Cannes Film Festival, including four up for the coveted Palme d’Or.

Thierry Breton, the European Commissioner for the Single Market, traveled to the Palais des Festivals to present the results of the Commission’s action and to unveil its Media Outlook.

“I presented the Media Outlook, which is actually a very in-depth study that was done by our services to look at the big trends (in the film industry) that we know of and to draw conclusions,” Breton said. “It’s obviously the rise of platforms and how we position ourselves in relation to them … it’s funding, how to increase funding even more, and obviously we intend to continue.”

By funding numerous European co-productions and accompanying films to the world’s biggest festivals, Europe responds to an extremely competitive and ever-changing market, while affirming its cultural and artistic values, as well as its industrial and technological know-how.

Watch Euronews’ report in the video player above to learn more.