StudioCanal Takes 51% Stake in Italy’s Lucky Red
The Rome-based distributor retains leadership to preserve creative autonomy under a partnership focused on European synergies.
Overview
- Founder Andrea Occhipinti keeps a 49% holding and remains in his role overseeing the company he established in 1987.
- Italian trade Cinematografo.it, cited by Deadline, reported €26.5 million paid for the 51% stake, while Variety earlier reported an estimated valuation of roughly $31 million.
- Reports describe no immediate management changes or creative interference as the companies pursue cross-border collaboration.
- Lucky Red reported more than €50 million in 2024 revenue with €3.7 million net profit, and about €24 million in 2025 distribution revenue that ranked it eighth among Italian distributors.
- The deal extends a run of French media investments in Italy, following acquisitions by Wild Bunch, Mediawan and Banijay.