In making the announcement, Fogelson said, "Luc Besson is a visionary entrepreneur, storyteller and filmmaker and we are enormously excited to be working with him and his entire team releasing Europacorp's slate of motion pictures in the United States. Additionally, Marc Shmuger is not only a gifted executive but a friend to many in our company. Together we've enjoyed great successes in the past, and we all share a marketing shorthand that will make this an especially potent partnership."
Shmuger added, "STX Entertainment's Motion Pictures Group is the perfect home for EuropaCorp's films. They bring the highest level of studio expertise to the marketing and distribution process, but they also bring an energy and nimbleness not found in a traditional major studio. This could not be a better fit for us."
Added Besson: "We can't wait to get started on this partnership with our friends at STX. I worked with Adam when he championed "Lucy" at Universal, and I have great faith in him and the marketing and distribution team."
Alongside its new arrangement with STX, EuropaCorp will maintain its 50% ownership of RED, the marketing and distribution joint-venture it formed in 2014.
About STX Motion Pictures Group
STX Motion Pictures Group is a division of STX Entertainment, a global next-generation media company that specializes in the development, financing, marketing and distribution of a full range of both traditional and digital content, including motion pictures, television, VR, digital video, music video and gaming projects. The company is led by accomplished businessman Robert Simonds and was co-founded by Bill McGlashan, managing partner of the leading global private investment firm TPG. Other investors include Hony Capital, a leading private equity firm in China; PCCW, Southeast Asia's largest Internet and cable services provider; Tencent Holdings, China's leading provider of online products and services; Dominic Ng, Chairman of East West Bank; DNS Capital (representing the business interests of Gigi Pritzker and her immediate family); and Beau Wrigley, former Chairman and CEO of the Wm. Wrigley Jr. Company, among others. With these strategic relationships, the company is uniquely positioned to maximize the impact of content worldwide, with direct passage into the China market.
For more information, please visit https://www.stxentertainment.com/.
EuropaCorp is one of Europe's leading film studios. Founded in 1999, EuropaCorp has operations spanning production, theatrical distribution, video and VOD, and television sales. EuropaCorp also has international rights, partnerships and licensing, production and soundtrack publishing activities. The Group has also been producing TV series since 2010. EuropaCorp's integrated business model allows it to benefit from diversified sources of revenue. With a line-up boasting various types of films and a very strong foothold in international markets, the Group has produced France's biggest international hits in recent years. EuropaCorp was founded by French filmmaker, screenwriter and producer Luc Besson. The Group owns a catalogue of 500 movies.
Elzer & Associates
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/stx-motion-pictures-group-and-europacorp-enter-into-multi-year-theatrical-marketing-and-distribution-agreement-300384786.html
SOURCE STX Motion Pictures Group