Luc Besson loses his position as CEO of EuropaCorp. In recent years, the director and producer has experienced financial difficulties with his company created in 1999, in particular with his film “Valerian”, released in 2017. Faced with this situation, the company had to sell assets and layoffs. At the end of July, a restructuring was carried out with the financing of Vine that took 60.15% of the capital and Falcon that owns 6.29%. With the majority entry into the capital of the US fund Vine, the film and series producer and distributor EuropaCorp announced on Saturday August 8 the appointment of a new managing director: Axel Duroux, AFP reported.
Luc Besson as “artistic director”
Former Endemol executive and director of RTL between 2004 and 2009, Axel Duroux will assume his new functions as of September 1. Since 2017, he was Senior Partner and Head of the Paris office of the Brunswick Group. Between 2014 and 2017, he was Executive Vice President of Publicis Group and member of the Supervisory Board of EuroDisney from 2013 to 2019. With 13% of the capital held jointly with Front Line and Lambert Capital, Luc Besson However, retain the non-executive chairmanship of the board of directors, “in order to focus henceforth, as announced on February 28, 2020, on the artistic activities of the group as artistic director,” EuropaCorp said in a statement, the AFP broadcast, after a meeting directory.
By Marie Merlet