EuropaCorp

EuropaCorp

EuropaCorp

French film production company

"Europa Corp" redirects here. For corporations named Europa, see Europa (disambiguation).

EuropaCorp S.A. (stylised in opening logo as EUROPA CORP.) is a French motion picture company headquartered in Saint-Denis, a northern suburb of Paris, and one of a few full service independent studios that both produces and distributes feature films. It specializes in production, distribution, home entertainment, VOD, sales, partnerships and licenses, recording, publishing and exhibition. EuropaCorp's integrated financial model generates revenues from a wide range of sources, with films from many genres and a strong presence in the international markets.

Quick Facts Company type, Traded as ...

Over 14 years, EuropaCorp has produced and co-produced over 80 films and is now distributing over 500 titles after the integration of the RoissyFilms Catalogue. The studio is mainly known for its expertise in the production of English-language films with strong earning potential in the international marketplace.[2] The company developed and produced the successful Taken trilogy and the Transporter series.[3] The company began producing TV series in 2010 through EuropaCorp Television which had already adapted EuropaCorp's popular Taxi film franchise.

Since 2018, the company has faced tumultuous times following rape and sexual assault accusations towards its chairman and majority owner Luc Besson.[4][5]

History

The company was created by Luc Besson in 1992 under the name Leeloo Productions, but it only fully began producing and co-producing feature films many years later, with the release of Taxi and The Dancer. The company was renamed EuropaCorp in 2000.[6] Luc Besson had also created a smaller production company called Les Films du Dauphin in 1990 that has existed outside of Leeloo Productions / EuropaCorp.[7] Pierre-Ange Le Pogam, old associate of Besson from Gaumont, the production company behind many earlier Besson's directed films, joined EuropaCorp in 2000. He had worked with Besson since 1985 first as a Distribution Director and from 1997 as a Deputy Chief Executive Officer at Gaumont. He became known as the right-hand man of Besson at EuropaCorp. He left the company in 2011 over disagreements with Besson.[8]

In July 2007 EuropaCorp successfully managed its IPO on Euronext Paris.[9] In May 2008, the CSA, French authority for media regulation, selected the EuropaCorp TV project in its invitation to apply for a mobile TV channel in France.[citation needed] In 2013 Lisa Ellzey, hitherto producer for Lionsgate and 20th Century Fox, was appointed as executive vice president of U.S. Motion Picture Production of EuropaCorp.[10]

In 2018, Besson was accused of rape by an actress who wishes to remain anonymous.[11] EuropaCorp stocks dropped 17% to just €2.31 ($2.70) after the rape allegation.[12] Later the same year, EuropaCorp sold its French television division to Mediawan and renamed into Storia Television. EuropaCorp also agreed to sell the Roissy Films library to Gaumont.[13] Five more women made similar statements against Besson.[14]

In May 2019 EuropaCorp was granted a six-month debt waiver from a French commercial court and placed under court protection.[15][16] A week later the studio filed for bankruptcy protection in the United States.[17] Its stock value had fallen to €0.67. It had no films in production.[16] In December 2019 the company was $182 million in debt and it had been in long bailout negotiations with Vine Alternative Investments.[18]

Structure

In 2007 EuropaCorp was owned at 62% by Luc Besson through his company Frontline and at 8.06% by Pierre-Ange Le Pogam; 23% was public.[9][19]

Besson was appointed the chairman of EuropaCorp's board of directors. Jean-Julien Baronnet was the chief executive officer of EuropaCorp until November 2008. Christophe Lambert was CEO from 2010 to 2016.[20] Marc Shmuger was appointed as CEO in 2016.[21]

Digital Factory is related to EuropaCorp via Luc Besson.[22] The handling of post-production sound is performed chiefly at its Normandy site, while the visual effects are done in Paris.

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.[23]

In June 2017, EuropaCorp signed a music publishing deal with Sony/ATV Music Publishing.[24] And later that month, the studio posted a loss of 120 million euros (US$135 million).[25]

International dimension

EuropaCorp has produced the world box-office hits Taken ($224 million at world box-office), Arthur and the Invisibles ($107 million), Transporter 3 ($106 million) and Hitman ($100 million). Two EuropaCorp productions have been topping the US box-office: Transporter 2 by summer 2005 and Taken at spring 2009.

Many international film stars have appeared in EuropaCorp productions: Jim Carrey, Penélope Cruz, Robert De Niro, David Duchovny, Morgan Freeman, Salma Hayek, Tommy Lee Jones, Jet Li, John Malkovich, Jason Statham, Brittany Murphy, Liam Neeson, Madonna, Freddie Highmore, Ewan McGregor, Lou Reed, and others. Consequently, the films are usually shot in English.[26]

EuropaCorp Japan, a subsidiary of EuropaCorp based in Tokyo, has for core business the distribution of feature films in Japan. It is a joint-venture with three Japanese companies: Asmik Ace, Sumitomo Corporation and Kadokawa.

In 2012, EuropaCorp struck a three-year output deal with Chinese film distributor Fundamental Films for 15 feature films. Fundamental Films agreed to co-produce three of these films.[27][28]

In May 2015, the company announced an output deal with Polish film distributor Kino Swiat.[29]

"Cité du Cinéma", French movie studios

EuropaCorp relocated to the Cité du Cinéma in 2012. This movie studio complex, located in Saint-Denis in the close outskirts of Paris, at build out will have a total of nine film stages,[2] with another 12,000 square metres of space devoted to technical units and 2200 square metres for screening and reception rooms.[2][30]

The cinema, photography and sound engineering school ENS Louis-Lumière was relocated to the complex in 2012.

EuropaCorp signed a lease with the Nef Lumière, owner of the tertiary complex, for space for its permanent staff and the film crews, with extra space for potential new activities. This tertiary complex is financed by both the Caisse des Dépôt and Vinci.

EuropaCorp is a minority shareholder in the company operating the studios, joining Euro Media Group, Quinta Communications and Frontline. The Euro Media Group, which owns several film studios throughout Europe, will provide management of daily operations of these studios of Paris.

Films

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Television series

Awards and nominations

  • 2009: In the Beginning directed by Xavier Giannoli competed as France's Official Selection in the Cannes Film Festival.
  • 2009: I Love You Phillip Morris, in which Glenn Ficarra and John Requa directed the film stars Jim Carrey and Ewan McGregor, competed for the Camera d’Or during the Director’s Fortnight.
  • 2009: Taken, directed by Pierre Morel, was nominated at the Teen Choice Award for the Action Adventure Movie Award. The movie and its soundtrack composer Nathaniel Mechaly in particular, won the BMI Film Music Award.
  • 2009: Human Zoo, directed by Rie Rasmussen, competed at the 59th Berlin Film Festival in the Panorama section, as well as at the film festivals in Copenhagen and Rio de Janeiro.
  • 2007: Hitman, directed by Xavier Gens, won the Golden Trailer Award 2008 for Best Motion/Title Graphics.
  • 2007: Arthur and the Invisibles, directed by Luc Besson, won the NRJ Ciné Award 2007 for Best Dubbing; the film was also nominated at the Young Artist Award for Best International Family Feature Film and Best Performance in an International Feature Film - Leading Young Actor with Freddie Highmore.
  • 2006: The Chinese Botanist's Daughters, directed by Dai Sijie, won in 2006 the Best Artistic Contribution and People’s Choice Awards at the Montreal World Film Festival, and was nominated for the «Grand Prix des Amériques». The film won the Best Canadian Film or Video Award at the 2007 Toronto Inside Out Lesbian and Gay Film and Video Festival.
  • 2005: The Three Burials of Melquiades Estrada, by Tommy Lee Jones, was nominated for the Palme d'Or, and Tommy Lee Jones won the Best Actor Award while Guillermo Arriaga won the Best Script Award. The movie was given a place of honor at the Satellite Awards 2005 and the Independent Spirit Awards 2005. It also won the "Grand Prix" at the Flanders International Film Festival and the Bronze Wrangler at the Western Heritage Awards.

References

  1. [1]
    "China's Fundamental Films Acquires a 28% Stake in EuropaCorp". 29 September 2016.
  2. [2]
    Ragot, Sophie (11 October 2010). "EuropaCorp, French film in the American manner". INA Global. Retrieved 11 October 2010.
  3. [3]
    Richford, Rhonda (February 2, 2013). "Luc Besson's EuropaCorp Reports Strong Growth in Third Quarter Results". The Hollywood Reporter. Retrieved April 26, 2013.
  4. [4]
    Keslassy, Elsa (2018-07-10). "Luc Besson Faces More Allegations of Sexual Assault, Harassment". Variety. Retrieved 2021-10-19.
  5. [5]
    Patten, Dominic (2021-10-08). "Luc Besson Rape Claims Should Be Dismissed, Says Paris Prosector – Update". Deadline. Retrieved 2021-10-19.
  6. [6]
    "EuropaCorp Registration Document" (PDF). EuropaCorp. 26 July 2018. p. 29. Retrieved 5 February 2020. 5.1.5 Company history and major events in the development of the company and Group
    Created by Luc Besson in 1992 under the name Leeloo Productions, the Company really began producing and co-producing feature films in 1999, with the release the following year of Taxi 2 and The Dancer.
  7. [7]
    "Luc Besson". Gala. Retrieved 5 February 2020.
  8. [8]
    Leffler, Rebecca (27 January 2011). "EuropaCorp Co-Founder Pierre-Ange le Pogam Bids Farewell to Luc Besson". Hollywood Reporter. Retrieved 5 February 2020.
  9. [9]
    Serafino, Phil (July 6, 2007). "EuropaCorp, Besson Film Company, Raises EU70 Million (Update3)". Bloomberg L.P. Archived from the original on September 17, 2014. Retrieved July 6, 2007.
  10. [10]
    Fleming, Mike Jr. (March 7, 2013). "EuropaCorp Names Lisa Ellzey To Spearhead U.S. Motion Picture Production Surge". Deadline Hollywood. Retrieved March 7, 2013.
  11. [11]
    "Luc Besson: French film director accused of rape". BBC News. May 19, 2018.
  12. [12]
    Keslassy, Elsa (May 23, 2018). "EuropaCorp Stock Drops in Wake of Rape Allegation Against Luc Besson". Variety. Retrieved June 4, 2018.
  13. [13]
    Keslassy, Elsa (20 September 2018). "Luc Besson's EuropaCorp to Sell Roissy Films' Library to Gaumont". Variety.
  14. [14]
    "Five more women make sex-offence allegations against Luc Besson". The Guardian. November 28, 2018. Retrieved December 3, 2018.
  15. [15]
    Keslassy, Elsa (May 14, 2019). "Luc Besson's EuropaCorp Gets Six-Month Debt Waiver From French Court". Variety. Retrieved June 4, 2018.
  16. [16]
    Richford, Rhonda (14 May 2019). "Luc Besson's EuropaCorp Placed Under Court Protection in France". Hollywood Reporter. Retrieved 5 February 2020.
  17. [17]
    Keslassy, Elsa (May 20, 2019). "Movie Studio That Made 'Taken' Seeks U.S. Bankruptcy". Bloomberg. Retrieved May 23, 2019.
  18. [18]
    Richford, Rhonda (13 December 2019). "Luc Besson's EuropaCorp Posts $25M Loss as Bailout Talks Continue". Hollywood Reporter. Retrieved 5 February 2020.
  19. [19]
    "|| EUROPACORP ||". EuropaCorp. Retrieved 14 May 2016.
  20. [20]
    Hopewell, John; Keslassy, Elsa (July 7, 2010). "Lambert to EuropaCorp CEO". Variety. Retrieved May 17, 2014.
  21. [21]
    Fleming, Mike Jr.; Jaafar, Ali (February 10, 2016). "EuropaCorp Shocker: CEO Christophe Lambert Leaves, Marc Shmuger Replacing Him". Deadline Hollywood. Retrieved March 23, 2016.
  22. [22]
    "Digital Factory | Cité du cinéma". Digital Factory (in French). Retrieved 15 January 2010.
  23. [23]
    Lodderhose, Diana (September 29, 2016). "China's Fundamental Films Takes 28% Stake In EuropaCorp". Deadline Hollywood. Retrieved October 2, 2016.
  24. [24]
    Keslassy, Elsa (27 June 2017). "EuropaCorp Sells Music Library to Sony/ATV for $16.3 Million". variety.com.
  25. [25]
    Keslassy, Elsa (28 June 2017). "With 'Valerian' Looming, EuropaCorp Posts Record Losses of $135 Million". variety.com.
  26. [26]
    Pfanner, Eric (November 4, 2012). "France Tries to Lure Filmmakers". The New York Times. Retrieved November 4, 2012.
  27. [27]
    Leffler, Rebecca (July 23, 2012). "Distribution Deal in China". The Hollywood Reporter. Retrieved July 23, 2012.
  28. [28]
    Tartaglione, Nancy (July 23, 2012). "Luc Besson's EuropaCorp Enters Chinese Co-Production & Distribution Pact". Deadline Hollywood. Retrieved July 23, 2012.
  29. [29]
    Roxborough, Scott (18 May 2015). "Cannes: Kino Swiat Gets EuropaCorp Output for Poland". The Hollywood Reporter. Archived from the original on 20 May 2015. Retrieved 20 February 2018.
  30. [30]
    "The Cité du cinéma". Archived from the original on May 9, 2013. Retrieved March 20, 2013.
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