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Luc Besson‘s struggling studio EuropaCorp on Sunday confirmed it was in rescue talks with one of its creditors, U.S. investment fund Vine Alternative Investments.
It is understood that Vine is looking to take a majority stake in EuropaCorp, producer of Lucy, Valerian and the City of a Thousand Planets and Anna, to save the company from collapse.
Responding to a report in the French newspaper Journal du Dimanche, EuropaCorp said it was speaking to Vine about “a possible equity participation” but that it “cannot give any guarantee that this operation will carry through” with a deal.
The report said Besson preferred Vine to take control of EuropaCorp rather than the French film group Pathé, which had been circling the company.
EuropaCorp has been losing money for years. After a string of hit action franchises —Taxi,…
