Home / Arts and Entertainment / StudioCanal Buys Major Stake in Italian Film Company
StudioCanal Buys Major Stake in Italian Film Company
24 Feb
Summary
- StudioCanal acquired a 51 percent stake in Lucky Red.
- Lucky Red is an established Italian distribution and production company.
- Andrea Occhipinti founded Lucky Red in Rome in 1987.
StudioCanal, a subsidiary of the Canal+ Group, has significantly increased its footprint in Italy by acquiring a 51 percent controlling stake in Lucky Red. This Rome-based company is a key player in Italian distribution, production, and sales.
Lucky Red also boasts a strong television production division, with credits including "Belcanto" for RAI and Netflix, and "Christian" for Sky. The company was originally established in Rome in 1987 by Andrea Occhipinti, who will remain at the helm, managing the remaining 49 percent ownership.
This acquisition deepens the existing relationship between StudioCanal and Lucky Red, who have previously collaborated on distributing successful films such as "We Live in Time" and the Coen Brothers' "Inside Llewyn Davis." The two companies also jointly operate the sales entity True Colours with Indigo Film.
