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Luc Besson’s EuropaCorp to Sell Roissy Films’ Library to Gaumont

Luc Besson’s EuropaCorp to Sell Roissy Films’ Library to Gaumont

Luc Besson’s financially struggling film company, EuropaCorp, has entered into exclusive negotiations with Gaumont to sell off Roissy Films’ library, which includes more than 500 titles.

If greenlit, the pact will allow Gaumont to take over the exploitation of films from the Roissy catalogue, which boasts more than 80 award-winning films. Best-known titles include Claude Zidi’s “The Under-Gifted” (“Les sous-doués”) and Jean-Jacques Annaud’s “Quest for Fire” (“La guerre du feu”).

EuropaCorp had acquired Roissy Films in 2008.

EuropaCorp said the deal with Gaumont “falls within the scope of the new strategy of the company consisting in focusing on its core business activities: the production and distribution of films and series around the world.”

The company will also be looking to sell about 30 films from Roissy Films to a third party.

Within the last 18 months, EuropaCorp has taken drastic steps to cut costs, including the sale of its French TV production unit for €11 million,

See full article on Variety