EuropaCorp Sells Music Library to Sony/ATV for $16.3 Million

Luc Besson’s studio EuropaCorp has sold its music library which spans over 1, 500 songs used in the company’s films, to Sony/ATV.

The deal, valued at 14.5 million Euros ($16.3 million), gives Sony/ATV the rights to more than 100 original scores for such movies as “Taken” ou “Lucy,” as well as songs from famed bands as Archive, Massive Attack, and composers Eric Serra and Alexandre Desplat.

Back in 2009, EuropaCorp has signed an exclusive licensing deal with Sony Music to have the company handle the international distribution to EuropaCorp’s original scores of new releases.

EuropaCorp is due to announce its yearly financial results ending in March 2017 on Wednesday. The company warned investors in February that it will post record losses this fiscal year, topping the $44 million loss in 2010.

The outfit is getting ready to release “Valerian and the City of a Thousand Planets” (pictured above) in France on July 26.

With an estimated budget of $180 million, “Valerian” is considered to be the most expensive independently-financed movie ever made. STX Films will release the movie in the U.S. on behalf of EuropaCorp.

The company’s slate also includes “Kursk,” the submarine thriller which stars Colin Firth and Lea Seydoux.

More Music

  • Lizzo Warner Chappell

    Lizzo Signs Publishing Admin Deal With Warner Chappell

    Lizzo has signed a global administration deal with Warner Chappell Music. The agreement covers her existing and future work, including the breakout hit “Juice” and follow-up “Truth Hurts” from debut album “Cuz I Love You.” Speaking to Variety of the success of “Truth Hurts,” Lizzo recently said: “I love being platinum. I worked so hard. [...]

  • Iggy Azalea

    Iggy Azalea on Album Delays, Twerk Pits, Trolling and Going 'More Tongue-in-Cheek'

    Iggy Azalea just unleashed her first album in five years, and the title speaks for itself. “In My Defense” sees the Australian pop star talking back, taking control of her masters and giving self-confidence to her fan base across the world. Azalea — real name: Amethyst Amelia Kelly — made a name for herself with [...]

  • Bruce Springsteen FYSEE Opening Night with

    Bruce Springsteen-Codirected 'Western Stars' Film Will Premiere in Toronto

    “Western Stars,” the film that Bruce Springsteen has made to accompany his recent album of the same name, will have its world premiere at the Toronto International Film Festival, it was announced Tuesday. The feature is being listed as a co-directing project between Springsteen and his longtime filmic collaborator, Thom Zimny, who just picked up [...]

  • Pandora voice mode

    Pandora Launches Voice Mode for Everyone

    After first launching a limited beta earlier this year, Pandora opened up its mobile voice control to all of its iOS and Android users Tuesday. The new feature allows users to ask for songs, albums, playlists, stations, and even soundtracks for activities or times of day, with simple voice commands. Pandora’s voice mode is similar [...]

  • Terry Wakefield Exits Sony/ATV to Head

    Terry Wakefield Exits Sony/ATV to Head Up A&R at UMPG Nashville

    After a decades-long tenure at Sony/ATV Nashville, Terry Wakefield has followed another alumnus, Troy Tomlinson, across town to take a top position at Universal Music Publishing Group Nashville. Wakefield is senior VP of A&R at UMPG after having been senior VP of creative in his previous post. Personal loyalty to Tomlinson, UMPG Nashville’s recently named chairman/CEO, [...]

More From Our Brands

Access exclusive content