Sociétés pour le financement de l' industrie cinématographique et audiovisuelle (SOFICAs), launched in France, were:
A. French-based "classics" divisions of American film companies, set up to finance foreign prestige pictures with an eye on eventual distribution in the United States.
B. companies that offered tax-exempt investments to individuals and businesses that bought rights to films' future earnings.
C. programs designed to help develop France's audiovisual industries.
D. privately-owned, local television stations required by law to invest in film production.
Answer: B
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