As it seeks to climb out of the red, Luc Besson’s EuropaCorp has sold its French TV production unit for 11 million euros ($13 million).
The business assets were acquired by Thomas Anargyros, who is the CEO of EuropaCorp Television. Anargyros has been heading EuropaCorp’s TV division since its launch in 2010, when his production banner, Cipango, was acquired by EuropaCorp. Anargyros had founded Cipango with Edouard de Vesinne, who became deputy CEO of EuropaCorp in 2016 and was ousted in September.
The sale of the French TV business fits into EuropaCorp’s scaled-back strategy to focus on fewer films and English-language series, as well as cut overhead. EuropaCorp said the sale will allow the company to reduce its overhead by about 2.5 million euros ($2.9 million) and 3 million euros ($3.5 million) per year.
A week ago, Marc Shmuger, who was hired on a renewable six-month contract in 2016, announced he would be stepping down as CEO of EuropaCorp at the end of...
The business assets were acquired by Thomas Anargyros, who is the CEO of EuropaCorp Television. Anargyros has been heading EuropaCorp’s TV division since its launch in 2010, when his production banner, Cipango, was acquired by EuropaCorp. Anargyros had founded Cipango with Edouard de Vesinne, who became deputy CEO of EuropaCorp in 2016 and was ousted in September.
The sale of the French TV business fits into EuropaCorp’s scaled-back strategy to focus on fewer films and English-language series, as well as cut overhead. EuropaCorp said the sale will allow the company to reduce its overhead by about 2.5 million euros ($2.9 million) and 3 million euros ($3.5 million) per year.
A week ago, Marc Shmuger, who was hired on a renewable six-month contract in 2016, announced he would be stepping down as CEO of EuropaCorp at the end of...
- 11/19/2017
- by Elsa Keslassy
- Variety - Film News
Similar News
Oscars: 101 acting winners hail from 29 other countries
- 3/18/2024
- by Matthew Stewart
- Gold Derby
Spotlight: Variety Club's Celebrity Supporters
- 3/18/2024
- Look to the Stars
‘Love Lies Bleeding’ Expands Into Top Ten With ‘One Life’, ‘The American Society Of Magical Negroes’ – Specialty Box Office
- 3/17/2024
- by Jill Goldsmith
- Deadline Film + TV
The Crow director Alex Proyas reacts to remake, says it should remain Brandon Lee’s legacy
- 3/18/2024
- by Kevin Fraser
- JoBlo.com
Eric McCormack Defends Straight Actors Playing Gay Roles
- 3/18/2024
- by Just Jared
- Just Jared
“I honestly don’t think the actual trailer looked bad”: Upsetting Stats About Bill Skarsgård’s The Crow Remake Casts Doubts on the Movie’s Box Office Success
- 3/16/2024
- by Siddhika Prajapati
- FandomWire
The 25 Greatest Action Movies of All Time!
- 3/17/2024
- by Chris Bumbray
- JoBlo.com
The Best Gary Oldman Performances, Ranked
- 3/17/2024
- by Ashley Land
- Comic Book Resources
Competition: Win Luc Besson’s ‘Dogman’ on Blu-ray
- 3/14/2024
- by Phil Wheat
- Nerdly
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.