Gaumont Scales Down U.S. Operations, Anticipates Big Losses (Exclusive)

Gaumont, the once thriving French studio behind “The Intouchables” and “Narcos,” is set to rejig its film and TV strategy as it anticipates heavy losses in 2019.

Variety can reveal that the company has all but shut down its TV distribution operations in the U.S., recently axing 12 employees, including Vanessa Shapiro, president of worldwide distribution, and her team.

Shapiro was hired in 2017 and reported to Gaumont vice-ceo Christophe Riandée, and Gene Stein, who took over as president of Los Angeles-based Gaumont Television U.S. in 2015, following the exit of Katie O’Connell Marsh, whose latest venture, TV outfit Platform One Media, was acquired by Canada’s Boat Rocker Media in September.

Shapiro was in charge of spearheading sales of the Gaumont Television catalogue, including drama and animation series, as well as French shows. She was also in charge of international co-productions.

Variety understands the executive has now set up film
See full article at Variety - Film News »

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