PARIS — Gallic indie distrib Vision has bought the production and distribution company Euripide out of bankruptcy.
After 14 months, the Paris Commerce Tribunal has given Vision the greenlight to take over the company created by the now-deceased Daniel Toscan du Plantier.
Financial terms were not disclosed, but acquisition brings to Vision six staffers and a catalog of films that includes arthouse hits “La Dilettante” and “Tosca.”
Vision, controlled by Dominique Macline and Stephane Loison, has most recently distributed indie hit “All Girls Are Crazy,” which has notched up 256,592 admissions on an average 155 screens in France. Through similar acquisitions, Macline and Loison hope to build up an independent film group.
After “All Girls Are Crazy,” and the failed “In Indian Territory,” both distributed by Vision in May, the group plans to distribute eight other pics between now and the end of the year, and 17 to 20 films each year going forward. If Macline and Loison manage to reach their target, it would place Vision among the more important players in the industry.
Vision is also setting up an international sales arm and has hired Massimo Saidel, formerly of TF1 International. The group is looking to create a video arm to tap into the booming DVD market.
On the production side, the Vision is wrapping up “La-Haut,” helmed by Pierre Schoendoerffer (“The Crab Drum”), and hopes to have it done in time for the Venice Film Festival in September. “Le Mercenaire,” a Franco-Spanish animated production, is also in the works.
Group plans to finance future projects in partnership with French production houses, as well as with Spanish and Italian outfits.
Euripide was founded by former Unifrance topper Toscan du Plantier and Frederic Sichler, who is currently managing director of StudioCanal. The distribution arm was formed to handle “La Dilettante,” and while Euripide went on to produce over a dozen more pics, including Melvin Van Peeble’s “Le Conte du Ventre Plein,” the outfit was often in financial difficulty.