Tunisian-French film producer Tarak Ben Ammar has finalized a $37 million deal to purchase Studios de Paris, the production facility outside the French capital.
The studios are known for being home to Netflix shows such as “Emily in Paris” and “Murder Mystery 2” and blockbusters such as “Jackie,” “Lucy” and “Taken 2”.
The facility, which has nine sound stages, was placed under court protection a year ago for its debt which are being paid by the acquisition, reported Variety
The studios were co-founded by Ben Ammar, who co-owned them through his company Bleufontaine along with EuropaCorp, a French film and TV production and distribution company created by Luc Besson in 1999, Front Line, Europacorp’s holding company, and Euromedia, a live transmissions company.
Now, Ben Ammar has acquired the shares owned by all three other partners in a deal completed via Eagle Pictures France, a subsidiary of the producer’s Italy operation.
The studios will continue to “represent a center of excellence for the French film industry and be an attractive factor for the entire sector,” according to a statement released by EuropaCorp to investors.
source/content: arabnews.com
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