During the 1980s, Quebec cinema underwent a period of depression, which was then quickly followed by the return of euphoria. In this realm of the immediate, what are the factors that have contributed to such differences over the past decade? This essay considers several: the socio-political context, the legal and financial role of the State, the evolution of the Office national du film, etc. In the process of becoming institutionalized, Quebec cinema has marginalized certain kinds of filmmakers and has made the creation of documentaries more difficult. Institutional and social changes have established a new balance in Quebec's cinematographic landscape. It appears to be more oriented toward the 1990s and less attached to the 1970s.