Netflix is reportedly in talks to acquire Luc Besson’s company EuropaCorp.
Despite Besson retaining creative control with the reported Netflix deal, it’s a disappointing end to his majority ownership of EuropaCorp.
EuropaCorp mulled the deal with Netflix in order to shoulder the burden of recent debt incurred in large part by Valerian’s commercial failure.
However, Netflix has recently swooped in to discuss a potential partnership with EuropaCorp for Besson to produce and/or direct mid-range-budget films and distribute them via the streaming giant.