Luc Besson he released a visually impressive film called Valerian last year. Releasing through his own film company, EuropaCorp. It is being touted as one of the most expensive independent movies ever made. However, on release the movie wasn’t well received by critics. Valerian didn’t show the same promise that the money that got put into it. As a result, according to Variety, EuropaCorps prospects of staying alive are dwindling.
Netflix, EuropaCorp Saviour?
However, there could be a lifeline in from Netflix. EuropaCorp are said to be in “advanced talks” according to reports gathered by Slash Film. Luc Besson’s EuropaCorp is one of Europe’s largest indie film studios. Founded in 1996 and has spawned many famous films. The thriller Taken is a EuropaCorp production, a favourite of many! The Sci-Fi film Lucy was well received by critics too, hitting 88% on Rotten Tomatoes. So EuropaCorp are no slouch when it comes to movies. However, the company is said to have taken on significant debt. Therefore have been downsizing American operations to return to French language films.
According to Slash Films reports the talks between the streaming giant and EuropaCorp began in January. With the intention of a multi picture deal being considered. However, Netflix are now said to be wanting the whole company and want a total acquisition of EuropaCorp. If the acquisition were to go ahead, Besson, would remain with the company as the central creative entity.
So, Netflix is serious about making movies. We may see Netflix either in the cinema. Taking on the cinema from people’s homes. Or both!
If this aquistion were to happen as scheduled in the summer. We’re very interested to see what Netflix can do with a movie studio under it’s wing. Netflix Originals have done very well on the platform and if they can replicate that success with films. That would be a very bold move from Netflix to Hollywood indeed.
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