M&A Activity • Nov 17, 2017
M&A Activity
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Saint-Denis, November 17th, 2017 – EuropaCorp Television has sold business assets related to French television production activity.
The transaction includes the sale of the following elements:
The transfer of these elements will go with the take back of all the employees of the French activity.
The current CEO of EuropaCorp Television, Thomas Anargyros, has acquired these business assets for a price of €11 million.
As a result of this sale, the Company's overheads will decrease by a yearly amount comprised between €2.5 million and €3 million.
EuropaCorp retains interest in its US television business and is not selling this activity. The Company will continue to produce and distribute English-language TV series with strong international potential, such as the series Taken whose second season is currently in production.
Founded in 1999, EuropaCorp has become one of Europe's leading film and television studios.
The company's global activities span the entire film value chain with expertise in production, theatrical distribution, video and VOD sales, international sales, soundtrack publishing, and television sales. By directly managing the production and distribution process, EuropaCorp is able to maintain quality and creativity throughout the lifecycle of a film or television project. The company has produced or coproduced over 110 films, distributed nearly 160 films in French cinemas, and owns a catalogue of more than 500 French and English language titles. Since 2000, the company has produced 8 of France's 20 highest grossing films based on worldwide box-office. Starting in 2010, the company has been active in producing television movies and episodic television series for platforms around the world.
EuropaCorp was founded by French director, screenwriter and producer Luc Besson. For more information, go to www.europacorp-corporate.com
EuropaCorp Group NewCap
Lisa Reynaud | Investor relations | [email protected] Pierre Laurent | NewCap Régis Lefèbvre | Communication | [email protected] [email protected] | Tel : 01 44 71 94 94 Tel: 01 55 99 50 00
EuropaCorp is listed in Compartment C of Euronext Paris ISIN code: FR0010490920 – Ticker: ECP
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