The renowned writer, director, and producer Luc Besson has made a remarkable return to the forefront of EuropaCorp. After the resignation of chief executive Axel Duroux, Besson has taken over as interim CEO of the Paris-based studio. The board of directors officially accepted Duroux’s resignation, and Besson assumed his new role at the beginning of this week. This unexpected transition marks a significant turning point for EuropaCorp, as it strives to navigate through challenging times.
Duroux, who also served as a EuropaCorp director, will remain a shareholder and continue to contribute as a special advisor to the Chairman until mid-May. This arrangement ensures a smooth handover to the new management team. Meanwhile, Luc Besson assumes the responsibilities of interim Chief Executive Officer, albeit for a limited period starting from December 13th, 2023.
Besson’s journey within EuropaCorp has been quite dynamic. Initially holding the positions of artistic director and non-executive chairman, he quickly adapted to the changing tides when Duroux joined as CEO in August 2020. EuropaCorp had been grappling with financial difficulties for several years, despite their successful production of franchises like “Taken,” “Taxi,” “Transporter,” and “Valerian and the City of a Thousand Planets.”
However, Besson’s reputation has faced its fair share of challenges. He has been embroiled in allegations of rape and inappropriate behavior by multiple women, accusations which he vehemently denies. The recent dismissal of rape accusations by Belgian-Dutch actress Sand Van Roy against Besson by a French appeals court in June 2021 adds a perplexing layer to his story. The court’s decision upheld the dismissal of Van Roy’s initial complaint dating back to 2018.
The precise reasons behind Duroux’s sudden departure remain undisclosed. However, his exit announcement coincided with the release of EuropaCorp’s half-year earnings report. Surprisingly, the company experienced a 2% increase in revenue compared to the previous year. This positive trajectory can be attributed, in part, to the world premiere of Besson’s latest film, “Dogman,” at the esteemed Venice Film Festival. The movie, Besson’s first since 2019, garnered significant attention and acclaim. Notably, Briarcliff Entertainment secured the U.S. distribution rights for “Dogman” and is set for a first-quarter 2024 release in the United States.
As EuropaCorp moves forward under Luc Besson’s interim leadership, the studio faces a pivotal period of transformation. Besson’s extensive experience and creative vision will undoubtedly play a crucial role in shaping the company’s direction. With a renewed focus and the potential for exciting projects on the horizon, EuropaCorp may redefine itself and reclaim its former glory.
Luc Besson’s return as interim CEO of EuropaCorp signals a momentous chapter in the studio’s history. As the company undergoes this transition, it has the opportunity to overcome its past challenges and rebuild a prosperous future. With Besson at the helm and his dedication to the art of storytelling, there is hope that EuropaCorp will regain its standing as a powerhouse in the film industry.