FRANCE. As part of what it calls its “strategic refocusing” around Lagardère Travel Retail and Lagardère Publishing, the Lagardère group has completed the sale of Lagardère Studios to Mediawan. The move was first announced on 22 June.
Lagardère Studios posted total revenue of €218 million in 2019. The transaction valued the business at approximately €100 million.
The link with Mediawan will strengthen the position of the combined entity as a leading European audiovisual production player and will enable Lagardère Studios to embark upon a new development phase, the group noted in June.
