EUROPACORP EuropaCorp answers market rumors
Saint-Denis, January 23rd, 2018 - The Company has noticed various market rumors concerning the pursuit of its restructuration and the existence of counterfeiting relating to Arthur trilogy.
Regarding strategic and financing matters, EuropaCorp confirms the terms of its press release issued on November 24, 2017.
The Company's strategy is to refocus on core business: production of English-language feature films of up to 2 to 3 films per year, production of 2 French-language feature films per year, production of English-language TV series, distribution of films and international sales.
Within this scope, the Group has already announced the sale of certain non-strategic assets and the launch of an employment preservation plan. Besides, the Group confirms that it has started discussions with various financial and/or business partners in order to reinforce its financial capacities. These discussions are in progress and will last as long as needed, the structure of a potential deal is not decided and none of the potential partners have exclusivity yet.
Regarding artistic matters, the Group points out that the comments issued in the press a few months ago about a potential counterfeiting from EuropaCorp and Luc Besson, notably concerning Arthur trilogy, are void. The Paris Court of Appeal confirmed on January 19, 2018, the secondary nature of the contribution of Messrs. Rouchier, Bouchelaghem, Cepo and Fructus, the perfect validity of every contract and the absence of any counterfeiting. The secondary designers have been sentenced to bear the costs of the proceedings and to 12.000 euros of damages.
ABOUT EUROPACORP
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 tohttp://www.europacorp.com/
Contacts
EuropaCorp Group | NewCap |
Lisa Reynaud | Investor Relations |investors@europacorp.com | Pierre Laurent | NewCap |
Régis Lefèbvre | Communication |rlefebvre@europacorp.com | plaurent@newcap.fr | 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
EuropaCorp SA published this content on 23 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 January 2018 17:09:08 UTC.
Original documenthttp://www.europacorp.com/assets/uploads/180123_EuropaCorp_answers_market_rumors_EN.pdf
Public permalinkhttp://www.publicnow.com/view/E41A819CB41045A58BE15AC42B71BFE490B3B126
