EuropaCorp gets Chinese backing
- Fundamental Films will become the second shareholder in the group helmed by Luc Besson
The business relationship between French outfit EuropaCorp and Chinese firm Fundamental Films is growing stronger. Having already been associates since 2012 via an exclusive co-production and distribution agreement for EuropaCorp’s films in China (which was extended for five years in 2015 and has covered titles such as Lucy [+see also:
film profile], Taken 3 [+see also:
film profile] and the blockbuster Valerian and the City of a Thousand Planets, currently in post-production – read the article), the two groups are now cementing their partnership. Indeed, through FF Motion Invest, Fundamental Films will become the second shareholder in EuropaCorp, investing €60 million to acquire 29.7% of the French group’s shares as it operates a capital increase. Once the transaction has been completed, Luc Besson will remain the number-one shareholder, owning 31.6%, as against the 43.8% he has currently.
Furthermore, we should also mention that EuropaCorp has just announced a new project, with a fifth cinematic instalment of the Taxi franchise. This will be a complete reboot, as duo Franck Gastambide and Malik Bentalha (Pattaya [+see also:
film profile]) will topline the cast, as well as penning the script (with the help of Ahmed Hamidi). The production will be staged by EuropaCorp and ARP Sélection.
(Translated from French)
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