The shares are set at $5.83. The deal will make the Shanghai-based film producer, distributor, and financier the second-largest shareholder in EuropaCorp, with Besson’s holding firm Front Line remains the top shareholder with …
EuropaCorp and Fundamental Films first joined forces in 2012 in an exclusive, three-year output deal which included Brick Mansions, Lucy [pictured] and Taken. In September 2016 it was announced that Chinese film company Fundamental Films had acquired a stake of 27.9% in EuropaCorp, becoming the second-largest shareholder in the company. We are extremely confident in their ability to achieve its strategic goals and enthusiastic about the opportunity to work with it in this new phase of its development.”The deal was approved by both boards in a series of meetings on Wednesday and Thursday and is expected to be approved by shareholders before the end of the year.EuropaCorp has produced a number of blockbuster hits, including the global juggernaut
This content is published for the entertainment of our users only. IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. Shanghai-based production and distribution company Fundamental Films is set to take a 27.9% stake in Luc Besson’s mini-major EuropaCorp. Luc Besson's EuropaCorp said Thursday that a subsidiary of China's Fundamental Films, a Shanghai-based film producer, distributor and financier, has agreed to acquire a stake of 27.9 percent for €60 million ($67 million).The companies have an output deal first signed in 2012 and extended in 2015. EuropaCorp will issue new shares for a $67 million investment from the Chinese company. They also have co-produced films, and Fundamental more recently acquired a big equity stake in Besson’s mega-productionThrough his holding company Front Line, Besson’s stake will be diluted from 43.8 percent to 31.6 percent.EuropaCorp is expected to remain publicly traded. EuropaCorp Fundamental Films.
After their significant investment in our film Valerian and the City of a Thousand Planets, this agreement reflects their confidence in both our company and our global strategy.
Distributed by: EuropaCorp: Release date. "This capital increase will enhance EuropaCorp’s ability to produce and distribute English-language films and TV series around the world," said Besson in a statement. "Added Mark Gao, chairman of Fundamental Films: "We are delighted to become the second largest shareholder in EuropaCorp and strengthen our relationship with Luc Besson’s studio. In June 2017, EuropaCorp signed a music publishing deal with Sony/ATV … November 18, 2016 () (China) Running time. Shanghai-based company deepens ties with Besson’s Paris-based mini-major. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy. The company had talked of delisting as recently as a year ago under the direction of late former CEO Christophe Lambert. The Hollywood Reporter is part of MRC Media & Info, a division of MRC.
EuropaCorp’s films will be in very good hands,” he added. EuropaCorp films, post-production of sound for EuropaCorp films is performed chiefly at its Normandy site, while the image editing is done in Paris. In the deal, EuropaCorp will release 11.43 million new shares, for a 27.89 percent of total capital. 108 minutes: Country: China France: Budget: US$48 million: Box office: US$3.2 million: The Warriors Gate (Chinese: 勇士之門, also released as Enter the Warrior's Gate) is a 2016 Chinese-French action-adventure-fantasy film directed by Matthias Hoene and written by Luc Besson and Robert Mark … A subsidiary of China’s Fundamental Films has agreed to acquire a 27.9 percent stake in Luc Besson’s EuropaCorp for RMB 45 million (US$67 million), the company announced on Thursday. The Paris-based company announced on Thursday that its board had approved the creation of 11,4208,572 shares, representing a $67m (€60m) capital increase, which would be … Chinese production and distribution outfit Fundamental Films has acquired a 27.9% stake in Luc Besson’s EuropaCorp for $67 million (€60M), the company said Thursday. Shanghai-based company deepens ties with Besson’s Paris-based mini-major. The deal is subject to usual regulatory requirements and a shareholder vote expected to be held before the end of 2016. Founded in 2008, Shanghai-based film company Fundamental has a strong track record in releasing foreign films in China. Luc Besson's EuropaCorp and China's Fundamental Films will co-produce and distribute the titles, at least one of which will be shot in China. "We are delighted to further strengthen our close links with Fundamental Films and the booming Chinese market. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual.