trending Market Intelligence /marketintelligence/en/news-insights/trending/95QQ4Pu2JJkh3n1v9bHwfA2 content esgSubNav
In This List

China's Fundamental Films buys stake in France's EuropaCorp

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Inflation cools Q122 smart TV demand but revenue grows 10 percent YoY on higher ASPs

Blog

Broadcast Deal Market Recap, Q1, 2022


China's Fundamental Films buys stake in France's EuropaCorp

's Fundamental Films, through a subsidiary, willpurchase a 27.9% stake in French film company EuropaCorp for $67 million, The Hollywood Reporter reported Sept. 29.

The Shanghai-basedfilm producer and distributor will become the second-largest shareholder in theFrench firm, with EuropaCorp releasing 11.43 million new shares priced at $5.83per share as part of the deal.

EuropaCorp'sfounder, French film director Luc Besson, will see his stake diluted from 43.8%to 31.6% through his holding company Front Line.

The dealhas been approved by the boards of both companies, according to the report. Itis also subject to standard regulatory requirements as well as a shareholdervote that is likely to take place before the end of the year.

It isexpected that EuropaCorp will remain a publicly traded company, the report said.