Elsa Keslassy International CorrespondentMars Films, the Paris-based distribution company that released Oscar winners “12 Years a Slave” and “Moonlight,” has finalized its restructuring plan with minority shareholder Vivendi Content, a branch of Universal Music Group and Canal Plus Group’s parent company.Founded by Stephane Celerier and Valerie Garcia in 2007, the once thriving company has been in the process of financial restructuring and monitoring since Aug.
2019.Vivendi, which had acquired a 30% stake in the company back in 2015, will convert its €11.2 million ($13 million) debt into equity and is acquiring Mars Films’ library of more than 200 titles for all rights in France.The Mars catalogue includes hit French co-productions such as.
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