18 December 2013 3:21 AM, PST | Variety - Film News | See recent Variety - Film News news »

Rome – Italy’s Leone Film Group, the company originally founded by spaghetti western master Sergio Leone, made a positive debut on the Milan stock market Wednesday with an Ipo geared towards  becoming a bigger distributor of high-profile Hollywood product in Italy, nearly one year after inking an Italo output deal with DreamWorks.

Now headed by Leone’s children, Andrea and Raffaella, Leone Films bowed on Milan’s small-cap Aim market about two points above its  target price, with shares selling just under 5 Euros ($6.87) each.

The Leone heirs are selling a 25% stake in the Rome-based company. They have already raised Euros 16.3 million ($22 million), roughly 70% from Italian investors and 30% from international ones, according to Leone.

Lfg had Euros 6.7 million ($9.2 million) in revenue in 2012.

Now the main goal is to become a “bigger bridgehead between Italy and Hollywood, both as distributors and co-producers,” Leone told Variety.

Leone Film Group’s recently released titles »


- Nick Vivarelli

Report a problem



Similar News Items

Johnny Depp
Russell Crowe
Martin Scorsese


IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.

See our NewsDesk partners