×
You will be redirected back to your article in seconds

EuropaCorp, STX Enter Distribution and Marketing Agreement, ‘Valerian’ Part of Deal

STX Motion Pictures Group will lend its marketing and distribution heft to EuropaCorp Films USA as past of a new, three-year agreement between the two studios.

The move comes as EuropaCorp has been looking for outside distribution help for “Valerian and the City of a Thousand Planets,” a sci-fi epic from company founder Luc Besson. The agreement was also announced as EuropaCorp has been dealing with the fallout from Relativity Media’s bankruptcy and troubled attempts to regain its financial footing. The two companies run RED, a marketing and distribution joint-venture that was formed in 2014. Relativity has not paid its share of the overhead for months. EuropaCorp said it will maintain a 50% stake in RED. Variety exclusively reported that EuropaCorp was seeking outside distribution for “Valerian” and had spoken to STX. Variety also revealed that Relativity was not fulfilling its financial commitments to RED.

In addition to “Valerian,” STX and EuropaCorp will partner on “The Circle,” starring Tom Hanks, Emma Watson, and John Boyega, and directed by James Ponsoldt; Lone Scherfig’s “Their Finest,” a romantic dramedy set in World War II Great Britain starring Gemma Arterton, Sam Claflin, and Bill Nighy; and “Renegades,” a heist adventure written by Besson and Richard Wenk, and directed by Steven Quale,

“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,” said Adam Fogelson, chairman of STX Entertainment Motion Picture Group, in a statement. “Additionally, [Europa CEO] 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.”

“We can’t wait to get started on this partnership with our friends at STX,” said Besson, who noted he worked with Fogelson when he was chief of Universal’s film business. They collaborated on “Lucy,” an action hit Besson directed with Scarlett Johansson.

Financial terms of the deal were not disclosed, but it is expected to be like a typical distribution pact, whereby STX will receive a fee for overseeing the films’ rollouts.

STX’s films include “Bad Moms,” “Free State of Jones,” and “The Gift,” while EuropaCorp has released the likes of “Miss Sloane,” “Nine Lives,” and “The Transporter Refueled.”

More Film

  • Rooftop Films Announces Filmmakers Fund Grant

    Rooftop Films Announces Filmmakers Fund Grant Winners

    Swedish documentary filmmaker Anastasia Kirillova and “Negative Space” co-directors Ru Kuwahata and Max Porter are among the filmmakers who will receive grants from Rooftop Films to help complete their upcoming projects. Kirilova will be awarded $20,000 to finish her film, “In the Shadows of Love,” while collaborators Kuwahata and Porter will receive $10,000 for “Dandelion [...]

  • Jim Gianopulos

    Paramount Chief Jim Gianopulos Unveils Diversity Initiative

    Paramount Pictures chairman and CEO Jim Gianopulos has announced that all studio productions will be required to complete a plan to enhance diversity. Wednesday’s reveal follows Paramount’s commitment to participating in Time’s Up and Annenberg Inclusion Initiative’s 4% Challenge. The name is derived from women having directed only 4% of the country’s top grossing movies [...]

  • Leave No Trace

    Oscar Analysts Are Sincere -- but Often Totally Wrong

    With Oscars arriving Feb. 24, we can expect multiple “who will win/who should win” columns. There will also be a flurry of post-show analyses about the Academy of Motion Picture Arts & Sciences and why members voted the way they did. Since AMPAS never releases polls or voting tallies, these pundits will never be contradicted [...]

  • Oscar OScars Placeholder

    On Eve of Oscars, Variety’s Film Experts Answer Three Pressing Questions

    We continue to live in a divided world, with the current political landscape in the United States a seemingly endless hotbed of tumult and acrimony. Issues of racism, bigotry, diversity and gender equality drive the creative players as well, with Oscar-nominated films parlaying said themes into compelling, thought-provoking cinema. To analyze 2018 in big-screen entertainment, [...]

  • Karl Lagerfeld'Lagerfeld Confidential' Photocall at the

    Karl Lagerfeld Remembered at Costume Designers Guild Awards

    The death of fashion and costume designer Karl Lagerfeld cast somewhat of a shadow over the usually jubilant Costume Designers Guild Awards — the only award show where clothes literally steal the spotlight away from actors — which was held at the Beverly Hilton on Tuesday night. Here it was obvious that Lagerfeld’s impact on [...]

  • 'Captain Marvel' First Reactions: Early Reviews

    'Captain Marvel' First Reactions: 'The MCU Feels More Complete'

    “Captain Marvel” is soaring following advanced press screenings on Tuesday. Reactions from early showings have hit Twitter, and audiences are keen on Marvel’s first female-led standalone movie. Critics are praising Brie Larson’s performance as Carol Danvers, the nostalgic ’90s setting, and the cosmic sci-fi elements. Goose, Danvers’ cat, is also getting a lot of attention from [...]

  • Hiccup (Jay Baruchel) and Astrid (America

    Box Office: 'How to Train Your Dragon 3' Flying to $40 Million-Plus Debut

    Universal and DreamWorks’ “How to Train Your Dragon: The Hidden World” will soar to the top of the domestic box office when it debuts this weekend in over 4,000 North American theaters. The studio anticipates an opening around $40 million, which would fall just short of the debut of its predecessors, 2010’s “How to Train [...]

More From Our Brands

Access exclusive content