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Luc Besson’s beleaguered EuropaCorp has promoted COO Regis Marillas to the position of interim deputy CEO.
He will serve under Besson until the appointment of new management as part of the ongoing restructuring of the group.
Former CEO Marc Shmuger left the company on Dec. 31 of last year. Besson then took the CEO reigns on an interim basis. He will remain chairman and CEO.
Besson’s studio has posted significant losses in recent quarters, including a $95 million loss in June and an $83 million loss in December, following the box-office disappointment of his sci-fi epic Valerian and the City of a Thousand Planets.
EuropaCorp has since struggled, and is currently selling off assets including the Roissy Films catalog, as it seeks cash in an attempt to refocus on production and distribution. The company sold off its French TV division for $13 million last November.
The company also announced layoffs earlier this summer, as well as the closing of Besson’s film school.
The spy thriller Anna, starring Helen Mirren, is set to be its next box office release and a return to form for Besson in the vein of his smash hit Lucy. That 2014 film brought in over $465 million at the global box office. The studio desperately needs a hit, but distributor Lionsgate hasn’t set a release date.
Its submarine drama Kursk, directed by Thomas Vinterberg and starring Colin Firth and Lea Seydoux, premiered to middling reviews in Toronto. It’s set for a November release in France but doesn’t have a U.S. date set.
The director also faces personal legal issues, as he is currently under investigation for rape, stemming from two separate charges filed by actress Sand Van Roy in May.
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