French film producer and cinema operator Pathé has sold a 20 percent stake as part of a “strategic partnership” with Merit France, the holding company of the family of French-Lebanese logistics magnate Rodolphe Saadé.
Financial details of the deal, unveiled on Monday, weren’t disclosed.
“Amid a rapidly evolving macroeconomic and industrial landscape rich with opportunity, this transaction is aimed at equipping Pathé with the resources needed to accelerate its growth — particularly in the production of internationally-oriented films and series, as well as the modernization of its cinema network to offer customers a premium, innovative experience unmatched in Europe,” the company said. “This long-term partnership enables Rodolphe Saadé and his family to continue diversifying their assets into the cultural sector.”
The Monday news of the deal came a day before the 78th edition of the Cannes Film Festival opens with Pathé’s Amélie Bonnin-directed movie Leave One Day, starring Juliette Armanet,...
Financial details of the deal, unveiled on Monday, weren’t disclosed.
“Amid a rapidly evolving macroeconomic and industrial landscape rich with opportunity, this transaction is aimed at equipping Pathé with the resources needed to accelerate its growth — particularly in the production of internationally-oriented films and series, as well as the modernization of its cinema network to offer customers a premium, innovative experience unmatched in Europe,” the company said. “This long-term partnership enables Rodolphe Saadé and his family to continue diversifying their assets into the cultural sector.”
The Monday news of the deal came a day before the 78th edition of the Cannes Film Festival opens with Pathé’s Amélie Bonnin-directed movie Leave One Day, starring Juliette Armanet,...
- 5/12/2025
- by Georg Szalai
- The Hollywood Reporter - Movie News
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.