Elsa Keslassy International Correspondent One of France’s largest studio complexes, the Studios of Bry-sur-Marne, have been bought by AXA IM Alts from Nexity.
The Bry-sur-Marne studios, which boast eight stages, hosts the filming of roughly half of all French productions, notably this year’s highest grossing local film “Asterix and Obelix: the Middle Kingdom,” and the Canal+ series “Marie-Antoinette.” The studios facility is part of the 12 acres of land acquired by AXA IM Alts, an asset manager and investment vehicle for Axa, the global insurance company.
As part of the deal, the studios will now be managed by Guillaume de Menthon, the former boss of Telfrance, a prominent producer of TV content such as the daily soap “Demain tout commence.” De Menthon will strive to double the site’s production capacity.
It marks AXA IM Alts’ first venture in the fast-growing studio sector. The company stated that it anticipates the “rapid growth in demand for original content from broadcasters and streaming services, as well as continued demand for feature film content, is underpinning increasing global demand for purpose-built studio space.” Along with its sound stages, the Bry-sur-Marne studios features production accommodation across 20,000 square meters comprising workshops, offices, assembling sets and costume and artist dressing rooms.
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