EuropaCorp primarily blamed the results on the poor theatrical performance of movies it distributed in the U.S., notably “The Circle” and “Their Finest,” as well as the “disappointing Us box-office revenues for ‘Valerian and the City of a Thousand Planets,'” said the report.
Directed by Besson with a budget in the $180 million range, “Valerian” tanked in the U.S., grossing only $40.5 million. It went on to gross $225.16 million worldwide. The movie nevertheless yielded strong international sales business that allowed the company to boost its revenues by 77.5% to €138.1 million.
EuropaCorp said it had already reduced its overhead costs by 13% and will be