EuropaCorp Deputy CEO Ousted Amid ‘Valerian’ Crash

Valerian
REX/Shutterstock

PARIS – Edouard de Vesinne, who was appointed deputy CEO of Luc Besson’s EuropaCorp a year and a half ago, has been ousted from the company amid the lackluster performance of “Valerian and the City of a Thousand Planets.”

De Vesinne, who was based in Paris, had been appointed to the position of deputy CEO by Marc Shmuger in April 2016. This was the first major appointment by Shmuger, who had just taken over as CEO following Christophe Lambert’s exit.

In a statement, EuropaCorp said the “shareholders’ board has decided to terminate the mandate of Edouard de Vesinne as deputy CEO of EuropaCorp effective immediately.”

The company then referred to De Vesinne’s own production vehicle, Incognita, which was co-developing and co-producing some of EuropaCorp’s French-language TV shows and films. “The shareholders’ board of EuropaCorp reckons that the production activities [both TV and film] of the company Incognita are no longer compatible with the tenure of Mr. de Vesinne as deputy CEO,” the statement said.

But ties between Incognita and EuropaCorp remain, despite de Vesinne’s ouster. EuropaCorp said it had reached a deal with Incognita to “pursue their partnership and the development of several ongoing TV projects” as well as “benefit from a first look on Incognita’s future TV productions.”

Before taking the job of deputy CEO of EuropaCorp, De Vesinne co-headed EuropaCorp Television with Thomas Anagyros and produced several high-profile series, such as “No Limit,” “Taxi Brooklyn” and “Taxi.”

De Vesinne previously served as head of film and drama production at the French network M6, after spending seven years with Polygram Group.

His exit could be one of the first casualties of the crash of Besson’s $180 million “Valerian and the City of a Thousand Planets.” Although the movie has fared well in China, grossing an estimated $58.3 million since its Aug. 25 opening, “Valerian” has so far merely grossed $202 million worldwide – well below the film’s break-even point, which analysts believe is over $400 million globally.

EuropaCorp recently posted record losses of 119.9 million euros ($143 million) for the fiscal year ending March 31 and desperately needed “Valerian” to be a hit in order to bounce back in the black.

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  1. chatbot daz berlin says:

    valerian is a great movie the mistake were the wrong lead actor for valerian and the Budget the movie should cost less to produced.europacorp should produce a new transporter movie with jason statham and a sequel to wasabi and crimson rivers great movies jean reno is a great actor

  2. Hausjam says:

    This movie is further proof for me (not that I needed it) that the typical movie consumer has no taste. This was a wonderful movie ruined by the reviews of hack critics (most of whom are failed filmmakers) and the viewing habits of crass consumerist sheep who just want more of the same instead of something new and unique. Most of the commenters here are those sheep who should stick to watching the tranquilizers that are made for Oscar season.

  3. Aaron Stoner says:

    It’s a shame, I really enjoyed it in 3D. Looking forward to checking out the comics it’s based off of too.

  4. loco73 says:

    “Valerian And The City Of… Who Cares…” flopped because it was a jumbled mess. Crummy story, terrible script, badly edited and the so called “stunning visuals” were an incoherent cacophony of sights and sounds, that surely looked pretty at times, but added nothing to the movie, except give audiences whiplash and headaches.

    But perhaps even worse were the two lead actors cast in the main roles, the people supposed to carry this movie. Dane DeHaan and Cara Delevingne had zero on-screen chemistry. They are terrible sub-par actors, which isn’t saying much given the widespread lack of talent of the upcoming generation of artists, people who think that “trending” and being famous is the same as having talent and ability.

    Watching Cara Delevingne trying to act is about as painful as being lobotomised while awake…

    • Rena Moretti says:

      Agree with you on the actors. One look at them and you knew the movie could only fail. They looked nothing like the characters on the original graphic novel and had none of the charm.

      Typical that someone is made the scapegoat as it’s Besson who loves to put models who can’t act in his movies.

      • Rena Moretti says:

        Danish: Agree with you 100% over the importance of casting. Delevigne is not an actress and does not have te qualities required of the character so choosing her was baffling except for the “she’s a name so people will want to see her” “logic” that movie executives mistake for reality.

      • Danish says:

        Dane DeHaan is actually a very talented & charismatic actor. He was great in “Chronical” and that performance was probably the reason, why he was cast by Luc Besson, because that movie was very popular among cineasts in France. He is an actor who could do great things in the right parts. He needs to choose well. I certainly don’t blame Besson for casting him, because everyone thought he would become a star soon, but after “Life”, “A Cure for Wellness” and “Tulip Fever” flopped, it’s gonna be difficult.

        The major casting problem is Cara Delevingne, who is so off-putting as a person, that I couldn’t care less for her acting. Whenever I see her metro-sexual, ultra-thin. cold and arrogant-looking image somewhere, I just want to look somewhere else. Compare her with the warm, beautiful and lovely personality of Milla Jovovich…one smile by her & you want to marry her.

        With the right woman at the center, this would have done much better.

  5. Pigford says:

    I’m not nor have I ever been involved in the movie/entertainment business in any way & I can spot a movie that’s going to bomb pretty quick….if nobody shows much interest in it (except for the people who stand to get a paycheck) don’t make it…it’s fairly simple

  6. harry georgatos says:

    Besson should now make the sequel to LEON THE PROFESSIONAL with Natalie Portman as a leather clad neo-noir assassin.

  7. Visually stunning movie that should have been released this weekend when most theaters are only playing 6-9 week old movies.

  8. Hans says:

    Michael Mann had a massive flop with “Blackhat”, Spielberg had a bigger flop with “The BFG”, Joe Wright’s “Pan” was an even bigger disaster…it haooens to everyone sooner or later.

    Besson had so much success in his career, that he should survive this one…

    • Danish says:

      Let’s not forget about Ang Lee’s “Billy Lynn’s Long Halftime Walk” disaster and Kathryn Bigelow’s new flop “Detroit”…there is no ‘sure thing’ anymore in Hollywood.

      But “Valerian” has so much mainstream appeal, that it’ll break even one day after DVD, BluRay, UltraHD, 3D BluRay, VOD & TV licenses.

      That’s a huge market, sometimes bigger than theatrical.

      And “Valerian” did well in Germany, France, Russia, China and a few other territories.

      • Rena Moretti says:

        I always enjoy the “but it did better elsewhere” excuse mixed with the “we’ll make the money back later”…

        Kathryn Bigelow is awful. The only surprise is that the studio let the flop be known to the public rather than ratchet up the BO figures and pretend all was well…

  9. franklin Jones says:

    they are a second rate company which tired to compete with the big boys…they are out classed and out gunned $$ wise…see you later loser

    • John says:

      Yeah, they aren’t part of controlled Hollywood. Too bad, are you their spokes person ?

    • Rena Moretti says:

      I find this harsh as it’s not like the studios are making good movies that hit.

      Even with the vastly exaggerated current Box-Office numbers (which seem to be triple of reality) this summer was the worst in 17 years…

      So as much as I don’t like Besson the director, he’s really little worse than his “big studio” counterparts.

      That film just matches the ambient lack of quality and obsession with digital animation in lieu of acting and story that has killed Hollywood.

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