Vine Alternative Investments, one of EuropaCorp's creditors, is eying an equity stake in Besson's troubled French production and distribution company.
Valerian and the City of a Thousand Planets, flopped at the U.S. box office, where it has grossed $7.5 million for Lionsgate/Summit. The company does not have any other films currently in production.
As of March 31, EuropaCorp’s net debt stood at $181 million. In May, the company was granted a six-month debt waiver to give it time to balance its books. Last month, the company posted a $125 million loss for the 2018-2019 financial year, Besson and his holding company FrontLine own 38 percent of EuropaCorp, with Chinese investors Fundamental Films holding 28 percent.See EuropaCorp's full statement below.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Luc Besson’s EuropaCorp Turning To Vine Alternative Investments As Savior? – ReportLuc Besson’s embattled EuropaCorp has reportedly spurned an acquisition offer from French giant Pathé, turning instead to U.S.-based Vine Alternative Investments. According to French weekly paper L…
Read more »
Bruce confirms talks with Newcastle over managerial vacancySheffield Wednesday boss Steve Bruce confirmed he has held talks with Newcastle ...
Read more »
Indonesia president pledges more infrastructure, investment in second termIndonesia's recently re-elected President Joko Widodo on Sunday outlined hi...
Read more »
Tourist in flip-flops rescued from top of 4,500 ft mountain by emergency servicesEmergency services deployed by air yesterday in a rescue helicopter known as 'Dragon 74' amid reports of a female hiker who needed assistance. She had some unfortunate footwear.
Read more »
Ed Sheeran Finally Confirms His Marriage to Cherry SeabornEd Sheeran Finally Confirms His Marriage to Cherry Seaborn (via JustJared)
Read more »