Luc Besson’s EuropaCorp posted unaudited consolidated sales of e27 million ($41.8 million) for its fiscal first quarter ended June 30, down 22% on a year-to-year basis.
Results underscore that EuropaCorp is still some way off fulfilling its ambitions of becoming a Gallic major.
Though it now produces three lucrative franchises — the “Transporter” pics starring Jason Statham, the “Taxi” actioners and the “Arthur” toon saga — EuropaCorp doesn’t produce big films frequently enough. So first-quarter results were characteristically volatile, determined by key titles’ position in their revenue cycles.
International sales, which reached a sturdy fourth-quarter $40.6 million, thanks largely to Liam Neeson spy thriller “Taken,” plunged to $3.1 million in the absence of major title deals.
B.O. returns were lackluster at $2.3 million.
EuropaCorp released three films in the quarter: writer bio “Sagan,” terrorist thriller “Gal” and artpic “Behind the Walls,” which it also produced.
TV sales climbed 26% to $28.2 million, driven by seven major movie sales to Gallic TV stations.