After a couple of years searching in vain for a way out of persistent financial trouble, Luc Besson’s EuropaCorp could end up in the hands of Jerome Seydoux’s French film powerhouse, Pathé. It would be a sort of homecoming for Besson, who started his filmmaking career making movies such as “Nikita” and “The Professional” with Seydoux’s brother Nicolas at Gaumont.
Pathé is currently in advanced negotiations to take a majority stake in EuropaCorp and stands as the only serious bidder at this point, according to three financing sources. As part of a deal, the stakes held by Besson’s company, Frontline (38%), and China’s Fundamental (28%) would be diluted, the sources said.
Time is of the essence for EuropaCorp, which was granted a six-month debt waiver in May from a French commercial court to give it more time to stabilize its finances. The company has been working with...
Pathé is currently in advanced negotiations to take a majority stake in EuropaCorp and stands as the only serious bidder at this point, according to three financing sources. As part of a deal, the stakes held by Besson’s company, Frontline (38%), and China’s Fundamental (28%) would be diluted, the sources said.
Time is of the essence for EuropaCorp, which was granted a six-month debt waiver in May from a French commercial court to give it more time to stabilize its finances. The company has been working with...
- 6/7/2019
- by Elsa Keslassy
- Variety Film + TV
Similar News
Luminate Streaming Ratings: ‘Fallout’ and ‘Baby Reindeer’ Stay on Top, ‘Under the Bridge’ Debuts Strong
- 4/27/2024
- by Selome Hailu
- Variety Film + TV
We Finally Know When ‘Pokémon Horizons’ Part 2 is Coming to Netflix!
- 4/27/2024
- by Arthur S. Poe
- Fiction Horizon
Meghan's 'Worried' Archie, Lilibet Will 'Blame' Her
- 4/27/2024
- by Mandi Kerr
- Showbiz Cheat Sheet
Taylor Sheridan Completely Changed the Fate of Harrison Ford’s $200 Million Worth Yellowstone Spin Off With One Crucial Change to Its Story
- 4/26/2024
- by Sharanya Sankar
- FandomWire
Netflix snaps up ‘The Thursday Murder Club’
- 4/25/2024
- ScreenDaily
‘Thursday Murder Club’ Adaptation From Chris Columbus, Amblin Lands at Netflix
- 4/25/2024
- by Pat Saperstein
- Variety Film + TV
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.