Tom Grater International Film ReporterMedia executive Axel Duroux has been named CEO at troubled French film giant EuropaCorp.
He takes over the role from founder Luc Besson, who is moving upstairs to the newly-formed role of non-executive chairman. The company said going forward Besson would focus on his responsibilities as Artistic Director, overseeing its creative output.EuropaCorp, which has produced pics including the big-budget Valerian And The City Of A Thousand Planets and the successful Taken, Taxi and Transporter franchises, has been in financial difficulty for several years and lost $125M in 2018-19.
However, it did finaize a rescue deal with NY-based Vine Alternative Investments earlier this year, allowing it to establish a.
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