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European Cinema, Film industry

StudioCanal – a new European studio operation

As we suggested in our comments on Tinker Tailor Soldier Spy, StudioCanal are shaping up to operate as a pan-European producing and distributing studio. On 29 September an announcement in Paris outlined a three-year deal with a London-based private investment fund, Anton Capital Entertainment (ACE) worth €150 million and helping to create a total fund of €500 million for productions and acquisitions over the whole period.

Screen International, which broke the story included a quote from StudioCanal CEO and chairman Olivier Courson:

. . . productions could be divided roughly into four categories: international (Tinker Tailor Soldier Spy), family entertainment and animation (Samy), genre films (Last Exorcism, Unknown) and features aimed specifically at one of its base territories of Britain, Germany and France (Cloclo).

This is a significant move and establishes StudioCanal as a significant player in the international film market. Courson singled out Tinker Tailor as the kind of international production with a spread of European creatives that the company hopes to go on making. Two future productions quoted are a Coen Bros. US-set film (possibly via Working Title again?) and a starry Michel Gondry film with Audrey Tautou and Romain Duris.

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