EUROPACORP EAGLE PICTURES FRANCE TAKES CONTROL OF STUDIOS DE PARIS
Saint-Denis, February 22, 2022 -
EUROPACORP, and the partners FRONT LINE and EUROMEDIA, sell their shares in Studios de Paris to EAGLE PICTURES FRANCE, a company controlled by Tarak BEN AMMAR, historical partner of Studios de Paris.
These 9 studios with a total surface area of 9,725 m2 will benefit from the synergies offered by EAGLE PICTURES, an Italian film production and distribution company. They will thus continue to represent a center of excellence for the French film industry and be an attractive factor for the entire sector.
The enterprise value retained for the transaction is €33 million and allows for the repayment of all debts owed to the selling partners and the payment of shares for a total amount of approximately €5 million, to be distributed in proportion to the amount of capital held.
ABOUT EUROPACORP
Founded in 1999, EuropaCorp has grown to become the leading film and series production studio in Europe.
The Group's international activities cover the entire film value chain with expertise in production, theatrical distribution, international sales, TV, video & VOD, and music publishing. EuropaCorp is able to ensure creativity and quality throughout the lifecycle of its films and television projects. The Group has produced or co-produced more than 120 films and has distributed more than 160 of them in French cinemas. Since 1999, it has produced 10 of the 20 biggest French hits internationally and 22 films among the 70 French productions with the most international admissions (source: Le film français - May 17, 2019). The Group has also been active since 2010 in the production of TV series and single titles for platforms worldwide.
EuropaCorp was created by the director, screenwriter and producer Luc Besson. More information on www.europacorp.com
Contacts
Groupe EuropaCorp | NewCap |
Lisa Reynaud | Investor Relations | investors@europacorp.com | Pierre Laurent | NewCap |
Régis Lefèbvre | Communication | rlefebvre@europacorp.com | plaurent@newcap.fr| Tel: 01 44 71 94 94 |
Tel: 01 55 99 50 00 |
EuropaCorp is listed on Euronext Growth Paris
ISIN Code: FR0010490920 - MNEMO Code: ALECP
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EuropaCorp SA published this content on 22 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 February 2022 20:22:10 UTC.
