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Report: Netflix is ​​in "advanced conversation" to take over Luc Besson's EuropaCorp studio



Last year, French filmmaker Luc Besson Valerian and the City of the Thousand Planets released a dazzling, CGI-filled summer blockbuster that was a disappointment at the box office for his EuropaCorp studio. According to a report in the French website Capital (about The Playlist and io9 ), Netflix is ​​"in advanced talks" to buy the studio ,

Besson co-founded the studio in 1999 and has since been in charge of films such as Lucy Lock-Out The Circle and Valerian and the City of the Thousand Planets. The studio blamed later and other weak artists for a loss of $ 83 million by the end of 201

7, and weeks later Variety reported that several buyers were interested in purchasing the company with which it to fight his debts. In late January Variety reported that Netflix was negotiating with the studio to "buy" his library and direct Besson exclusively and produce several films for the streaming service. Capital says the two had "almost" reached an agreement in February and that the new deal "would give Netflix the operational management of EuropaCorp".

The acquisition of the studio makes sense for Netflix in a race with people like Amazon, Hulu, Apple and Disney imprisoned to produce their own list of original content to lure subscribers. Last year, Netflix announced that it would spend $ 8 billion on the original content in 2018, and released a number of high-profile original films such as Bright and Okja . Earlier this year, it surprised everyone with the release of The Cloverfield Paradox which was repeatedly delayed by Paramount and acquired another difficult film, Extinction . Should the deal materialize, the acquisition of EuropaCorp would allow Netflix to add to its content library and provide the company with a reputable director for future exclusive releases.


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