Radical restructuring plan has yet to stem losses as content pipeline runs dry.
French filmmaker and producer Luc Besson’s embattled film company EuropaCorp has posted a $101m (€88.9m) loss for the first half of the 2018-19 financial year, as it struggles to bring debts worth some $280m (€236m) under control.
The results come on the back of a turbulent three weeks for the company and its founder, after French media reported a fresh round of sexual misconduct accusations against Besson, following those of Belgian actress Sand Van Roy, who filed a police complaint against the filmmaker in May. Besson denies all allegations.
French filmmaker and producer Luc Besson’s embattled film company EuropaCorp has posted a $101m (€88.9m) loss for the first half of the 2018-19 financial year, as it struggles to bring debts worth some $280m (€236m) under control.
The results come on the back of a turbulent three weeks for the company and its founder, after French media reported a fresh round of sexual misconduct accusations against Besson, following those of Belgian actress Sand Van Roy, who filed a police complaint against the filmmaker in May. Besson denies all allegations.
- 12/14/2018
- by Melanie Goodfellow
- ScreenDaily
Company to re-focus on Besson’s signature action and sci-fi films.
Luc Besson’s struggling Paris-based film empire EuropaCorp has released a set of final results for the 2017-18 year that suggest the heavily indebted company is turning a corner.
According to the figures released after the close of the Paris Bourse on Wednesday evening, the company posted a $95m (€82.5m) net loss for the year ending March 31, 2018, against the record $135.8m (€119.9m) loss of last year.
As previously announced in preliminary results published in May, EuropaCorp’s overall turnover rose 49% to $261.7m (€226.5m), from $175.3m (€151.7m) in 2016-2017 bolstered...
Luc Besson’s struggling Paris-based film empire EuropaCorp has released a set of final results for the 2017-18 year that suggest the heavily indebted company is turning a corner.
According to the figures released after the close of the Paris Bourse on Wednesday evening, the company posted a $95m (€82.5m) net loss for the year ending March 31, 2018, against the record $135.8m (€119.9m) loss of last year.
As previously announced in preliminary results published in May, EuropaCorp’s overall turnover rose 49% to $261.7m (€226.5m), from $175.3m (€151.7m) in 2016-2017 bolstered...
- 6/28/2018
- by Melanie Goodfellow
- ScreenDaily
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.