Luc Besson sells studio for debts (Topic)

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Luc Besson sells studio for debts


The famous French director and producer Luc Besson is negotiating the sale of a controlling stake in his bankrupt studio EuropaCorp. According to The Hollywood Reprter, Pathe is a likely buyer and potential investor.

"Path é has expressed interest in a potential acquisition of a stake in EuropaCorp. This non-binding expression of interest is subject to compliance with several requirements, in particular, the conclusion of an agreement on the restructuring of the group's existing debts, '' the official statement on this matter says.

Recall that EuropaCorp has been in search of escape routes since the release of Luc Besson's sci-fi epic Valerian and the City of a Thousand Planets, which failed at the worldwide box office. The movie's budget was estimated at $ 177 million, making it the most expensive French movie, and the gross was a very modest $ 225 million.

The studio entered a six-month period of bankruptcy protection on May 13, 2019.

The Topic of Article: Luc Besson sells studio for debts.
Author: Jake Pinkman