The signatory states have expressed their willingness to strengthen cooperation in production, promotion and public screening of film and other audiovisual works in the region, encouraging coproductions and applications for film incentives.

The Memorandum was signed by the Vice-President of the Government of the Republic of Serbia and the Minister of Culture and Information Maja Gojković, the Minister of Culture of the Republic of North Macedonia Bisera Kostadinovska-Stojčevska and the Minister of Culture of the Republic of Albania Elve Margariti.

The ceremony was attended by the leaders of Serbia, North Macedonia and Albania: President Aleksandar Vučić, Prime Minister Dimitar Kovačevski, Prime Minister Edi Rama, as well as the Prime Minister of Montenegro Dritan Abazović and the Chairman of the BiH Council of Ministers Zoran Tegeltija.