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.”

Popular on Variety

More Film

  • Benjamin Wallfisch - scoring session, Abbey

    Composer Benjamin Wallfisch Signs With Gorfaine/Schwartz Agency

    Composer Benjamin Wallfisch has signed with the Gorfaine/Schwartz Agency (GSA) for worldwide representation, in partnership with London-based agency COOL Music Ltd. A top composer, whose scoring credits include “It Chapter Two,” Shazam!” Hellboy,” “Hidden Figures” and “Hostile Planet,” among others, Wallfisch has worked on over 75 feature films and is a member of the BAFTA [...]

  • The Moneychanger

    Toronto Film Review: ‘The Moneychanger’

    Uruguayan auteur Federico Veiroj (“The Apostate,” “Belmonte”) broadens his usual intimate dramatic scope to diminishing returns for his fifth feature, “The Moneychanger,” . Adapted from a novella by compatriot Juan Enrique Gruber, the period (mid-1950s to mid-1970s) tale centers on the eponymous character, an amoral currency exchanger, who winds up laundering some of the dirtiest [...]

  • Send Me to the Clouds

    Film Review: ‘Send Me to the Clouds’

    The social and economic pressures felt by China’s “leftover women” — referring to those older than 26 and unmarried — are examined in “Send Me to the Clouds,” a rewarding dramedy about a 30-ish journalist seeking financial reward and sexual fulfillment after being diagnosed with ovarian cancer. Bold by mainland standards for presenting a positive [...]

  • Jamie Bell Without Remorse

    Jamie Bell Joins Michael B. Jordan in 'Without Remorse' Adaptation (EXCLUSIVE)

    Jamie Bell is in final negotiations to join Michael B. Jordan in Paramount’s adaptation of the Tom Clancy novel “Without Remorse.” Stefano Sollima, who most recently helmed “Sicario: Day of the Soldado,” is directing from a script by “Sicaro” screenwriter Taylor Sheridan. As previously announced, Jordan is starring as operations officer John Clark, also known [...]

  • Elizabeth McGovern, Laura Carmichael, Jim Carter,

    'Downton Abbey' Movie Sequel? Producers Tease That They Have 'Some Ideas'

    “Downton Abbey” holds the record as the most-nominated international show at the Emmy Awards with 69 nominations and 15 wins — and now, it stands a chance to nab an Oscar. More than three years after the beloved series signed off the air following six critically-acclaimed seasons, “Downton Abbey” is making its big-screen debut. “It [...]

  • Todd Phillips Joaquin Phoenix Joker Movie

    What's Woker Than 'Joker'? Film Critics Made Everything Political at Fall Festivals

    “Is it just me, or is it getting crazier out there?” asks Joaquin Phoenix, playing a deranged incel version of the DC supervillain in “Joker,” the unconventional comic book movie that’s sucked up much of the air from the fall festival circuit. Like an aggro caricature of the “involuntary celibates” who troll message boards online, [...]

  • Running Against the Wind

    Young Africans' Dreams Are Focus of Kenya, Ethiopia, Uganda Oscar Picks

    Films about young Africans trying to fulfill their dreams in the face of war, poverty, tradition and other forms of adversity have been submitted for Oscar consideration by three East African nations. The selections by Kenya, Ethiopia and Uganda to compete in the international feature film category reflect the relative youth of filmmaking in the [...]

More From Our Brands

Access exclusive content