Financially ailing company in talks with Pathé for film group to acquire majority stake.
Luc Besson’s beleaguered French cinema empire EuropaCorp posted a loss of $139m (€109.9m) for the 2018-19 financial year, a 27.4% increase on its 2017-18 loss of $104m (€82.5m), as it continues to restructure its debts under the protection of a court ordered safeguard procedure.
According to final consolidated results released after the close of the Paris stock exchange on Thursday (27), the company generated revenues of $189m (€150m) in the financial year to March 31, 2019, against $286m (€226.5m) for the financial year to March 31 2018.
The company said that while losses had increased,...
Luc Besson’s beleaguered French cinema empire EuropaCorp posted a loss of $139m (€109.9m) for the 2018-19 financial year, a 27.4% increase on its 2017-18 loss of $104m (€82.5m), as it continues to restructure its debts under the protection of a court ordered safeguard procedure.
According to final consolidated results released after the close of the Paris stock exchange on Thursday (27), the company generated revenues of $189m (€150m) in the financial year to March 31, 2019, against $286m (€226.5m) for the financial year to March 31 2018.
The company said that while losses had increased,...
- 6/27/2019
- by Melanie Goodfellow
- ScreenDaily
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