Luc Besson’s EuropaCorp, which was granted a six-month debt waiver in May from a French commercial court to find a white knight, has posted a 34% year-on-year drop in its annual revenue and a…
, which was granted a six-month debt waiver in May from a French commercial court to find a white knight, has posted a 34% year-on-year drop in its annual revenue and a loss of $125 million for the financial year that ended March 31.
EuropaCorp said the slight increase in operating margin was “mainly due to a slate more closely aligned with company’s historic successes and to the strong decrease in P&A expenses in the U.S.,” where EuropaCorp released three films during the previous fiscal year. Pathé is currently in advanced negotiations to take a majority stake in EuropaCorp, but the company is in the middle of some tough discussions on an agreement with EuropaCorp’s junior lender, Vine, over a portion of debt that matures next April, according to a financing source.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
YouTuber Rosanna Pansino Hospitalized With 'Major Internal Infection'The 34-year-old YouTube star was suffering from 'a crazy fever and intense pain.'
Read more »
034: Understanding Pain with P. Brendon Lundberg - The FitnessistaHi friends! I’m thrilled to welcome P. Bredon Lundberg to the show today to talk about something extremely prevalent and sometimes misunderstood: pain. How big is the chronic pain problem? What’s the difference between acute and chronic pain? Doesn’t pain mean something is wrong? And the brain’s incredible ability to change its perception of pain…
Read more »
AMC Monthly Movie Ticket Subscription Program Crosses 860K Members On One-Year AnniversaryA year ago today, AMC Theatres launched its AMC Stubs A-List program where for $19.95 a month in 34 states, moviegoers can get three movie tickets a week, plus other benefits. Also, close to a year…
Read more »
Dangers from fireworks demonstrated in annual July Fourth warningFIREWORKS DANGER: At their annual safety conference, CPSC demonstrates the hazards of misusing fireworks ahead of these July 4 celebrations.
Read more »
Everything You Should Know About Acne, In Honor of Our Annual Acne AwardsIt's our third-annual AcneAwards, and we've got you covered on all of your most pressing acne questions!
Read more »