News Formal

Luc Besson's EuropaCorp Confirms Rescue Talks with U.S. Investment Group Vine

  • 📰 THR
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

rescue? possible ...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 411. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Indonesia president pledges more infrastructure, investment in second termIndonesia's recently re-elected President Joko Widodo on Sunday outlined hi... RealGilbert? We should stop paying him!
Source: Reuters - 🏆 2. / 97 Read more »