US EditionStudiocanal Takes Majority Stake In Italian ‘Sentimental Value’ & ‘Yellow Letters’ Distributor Lucky Red
StudioCanal now holds a 51% stake in Italy's Lucky Red, with founder Andrea Occhipinti retaining 49% and continuing management of the Rome-based company.
4 Articles
4 Articles
Studiocanal Takes Majority Stake In Italian ‘Sentimental Value’ & ‘Yellow Letters’ Distributor Lucky Red
Vivendi-owned pan-European production and distribution house Studiocanal has acquired a 51% stake in top indie Italian distributor Lucky Red. Italian cinema trade Cinematografo.it reported that company CEO Andrea Occhipinti had sold 40% of his 89% controlling stake in the company for €20.8M ($24.56M). Under the operation, minority shareholders, Head of Marketing and Communications Valerio Scarinci […]
StudioCanal Buys Majority Stake in Leading Italian Producer-Distributor Lucky Red
The companies have worked together on the releases of the likes of 'We Live in Time' and the production of the recently unveiled 'Elsinore,' starring Andrew Scott and Olivia Colman.
StudioCanal, Vivendi's film arm, has acquired 51% of Lucky Red. The news has bounced even on Variety. It is yet another voracious bite of the French multinational to the detriment of a national company, in this Italian case, independent. LuckyRed was founded in Rome in 1987 by Andrea Occhipinti and the late Kermit Smith becoming immediately a distribution company of independent films and in recent years also of film production tout court. Studio…
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