M&A Activity • Sep 30, 2016
M&A Activity
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Saint-Denis, 30 September 2016 – EuropaCorp, one of the leading independent film studios in Europe, announces today that it has entered into exclusive negotiations with the Cinémas Gaumont-Pathé group for the sale of its Aéroville multiplex activity in Tremblay-en-France and the La Joliette multiplex project in Marseille.
In 2013, EuropaCorp launched a new-generation cinema management activity in France, combining cuttingedge technologies with optimal comfort by offering a full immersion experience to the public. Based on this concept, EuropaCorp launched two multiplex projects, one in the Aéroville mall in Tremblay-en-France, opened on 15 November 2013, and the other currently under development in the La Joliette urban development zone in Marseille.
Today EuropaCorp is refocusing on its core business activities, which are the production and distribution of films and TV series around the world. As part of this strategy, EuropaCorp plans to sell its multiplex business to the Cinémas Gaumont-Pathé group, the largest cinema operator in France and a major player in Europe.
December 2016: 2016/2017 Half-year results
EuropaCorp is one of Europe's leading film studios. Founded in 1999, EuropaCorp has operations spanning production, theatrical distribution, video and VOD, and French TV sales, as well as the operation of theaters since the opening of the first EuropaCorp multiplex in Aéroville in 2013. EuropaCorp also has international rights, partnerships and licensing, production and soundtrack publishing activities. The Group has also been producing TV series since 2010. EuropaCorp's integrated business model allows it to benefit from diversified sources of revenue. With a line-up boasting various types of films and a very strong foothold in international markets, the Group has produced France's biggest international hits in recent years. In February 2014, EuropaCorp joined forces with Relativity Media to create RED, a distribution joint venture in the United States, allowing it to fully control its distribution in the United States and maximize the visibility of its films in international markets. EuropaCorp was founded by French filmmaker, screenwriter and producer Luc Besson. The Group owns a catalogue of 500 movies and has 150 permanent employees.
For more information, go to www.europacorp-corporate.com
Cinémas Gaumont-Pathé is the leading movie theater operator in France, the Netherlands and Switzerland. It is also present in Belgium. At year-end 2015, Cinémas Gaumont-Pathé operates 110 movie theaters, totaling 1,051 screens and 64.5 million admissions.
Pierre-André Junne | Investor Relations | [email protected] Régis Lefèbvre | Communication | [email protected] Tel: +33 1 55 99 50 00
NewCap | Julie Coulot | [email protected] | +33 1 44 71 20 40
EuropaCorp is listed in Compartment C of Euronext Paris ISIN code: FR0010490920 – Ticker: ECP
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