StudioCanal Takes A Majority Stake In Italy's Lucky Red

STUDIOCANAL, Europe's leading film and television studio and CANAL+ in house studio has today announced the acquisition of a majority stake in LUCKY RED, one of Italy's major Italian distribution and production companies.

Established in 1987 in Rome by Andrea Occhipinti, Lucky Red initially operated as an independent art-house film distributor. It has since expanded its scope and now stands as a major player in Italy’s independent film distribution and production landscape. Over nearly four decades, Lucky Red has released more than 600 films, many of which have received major international distinctions, including awards from Cannes International Film Festival, Venice International Film Festival, the Academy Awards and the David di Donatello Awards. Its catalogue includes films from some of the world’s most acclaimed directors (Bong Joon-ho, Jafar Panahi, Joachim Trier, Paolo Sorrentino, Michael Haneke, Paul Thomas Anderson, Wim Wenders, Danny Boyle, Luca Guadagnino, Alexander Payne, Todd Haynes, Stephen Frears, Asghar Farhadi). In 2024, Lucky Red was awarded ‘best international innovation for distribution’ at the third International Film Distribution Summit.

Lucky Red and STUDIOCANAL are building on a long-standing relationship that has bought audiences an array of cinematic hits from The Coen Brothers' INSIDE LLEWYN DAVIS to STUDIOCANAL's German production HEIDI, and the acclaimed WE LIVE IN TIME starring Florence Pugh and Andrew Garfield. Their partnership continues with the highly anticipated release of Aardman and STUDIOCANAL's SHAUN THE SHEEP: THE BEAST OF MOSSY BOTTOM coming to theatres this Halloween, ELSINORE, currently in post-production in the UK for STUDIOCANAL, Lucky Red, Magnolia May Films and LD Entertainment, VIOLETTE (Changer l’eau des fleurs) from acclaimed director Jean-Pierre Jeunet and FONDA from Academy Award and BAFTA winning director Justine Triet, announced last week. FONDA will star Mia Goth and Andrew Scott with Allison Janney in talks to join the project shooting this Spring. STUDIOCANAL picked up several major territories including Italy.

With this acquisition, the partnership enters an exciting new phase, giving STUDIOCANAL a unique opportunity to expand direct operations into a major European market, alongside its existing direct distribution and production presence across 11 European territories, Austria, Belgium, Denmark, France, Germany, Ireland, Luxembourg, Netherlands, Poland, Spain and the United Kingdom, as well as in Australia and New Zealand, with offices in the United States and China. For Lucky Red, the move unlocks the potential to board more ambitious projects, reinforcing its ability to attract both seasoned filmmakers and emerging talent, setting the stage for even greater creative and commercial success.

Lucky Red continues to deliver strong box office success at the Italian box office with recent hits including THE BOY AND THE HÉRON, PERFECT DAYS, EMILIA PEREZ, DRACULA, BERLINGUER: LA GRANDE AMBIZIONE, NO OTHER CHOICE, A SIMPLE ACCIDENT, SENTIMENTAL VALUE. The company’s success also extends to television with acclaimed titles such as BELCANTO (RAI & Netflix), GIGOLO PER CASO (Prime Video) and CHRISTIAN (Sky), demonstrating its ability to captivate audiences across both big and small screens.

Anna Marsh, CEO of STUDIOCANAL and Chief Content Officer of CANAL+: "I am delighted that STUDIOCANAL is deepening its partnership with the incredibly talented team at Lucky Red, one of Italy’s most vibrant film and television companies. This development enables us to gain a solid presence in one of Europe’s prime markets, further reinforcing our status as the leading European studio. Both Lucky Red and STUDIOCANAL are dedicated to bold and distinctive storytelling across all forms, supported by deeply experienced teams committed to delivering extraordinary stories to audiences. This collaboration will further strengthen Lucky Red’s position as a major player in film and television”.

Andrea Occhipinti, founder and CEO of Lucky Red: “We are thrilled to be joining the most dynamic company in the European entertainment industry. Lucky Red and STUDIOCANAL are both distributors and producers of successful films and series, with complementary strengths and a shared long-term vision. Thanks to the incredible catalogue of film from STUDIOCANAL and its production slate, this prestigious international partnership will allow Lucky Red to strengthen its legitimacy as a major player in the local film industry, attracting high-caliber talent and producing first class content. I firmly believe that this is a perfect match and a great opportunity for further growth”.

No comments:

Post a Comment