Magazine article Screen International

EuropaCorp Revenue Jumps 10%

Magazine article Screen International

EuropaCorp Revenue Jumps 10%

Article excerpt

Hike led by sales of TV series including XIII, No Limit and Flight of the Storks.

European mini-major EuropaCorp has announced a 10% jump in revenue to [euro]186m, for the 2012-13 financial year, against [euro]168.3m for the previous 12 months.

EuropaCorp said the revenue hike reflected a significant upturn in the sales of television series, led by XIII, No Limit and Flight of the Storks.

"TV sales increased significantly over the financial year, reaching [euro]28.4m.This validates the group's strategy of developing recurring revenue source," the company said in a statement.

Revenue from television series now represents 15.3% of total annual revenue, compared to 5.2% for the previous financial year.

The move into internationally-focused television series is a key pole of CEO Christophe Lambert's overall strategy for the company. He sees it as a way to secure more stable revenue streams for the studio and wants series to eventually account for 30% of revenue.

At home, television revenue grew by 9.9% to [euro]41.4m. The company said the increase was due to broadcast windows opening up for television premieres and proactive management of the catalogue.

International film sales revenue, meanwhile, dipped by 2.9% to [euro]71. …

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