Lionel Uzan has succeeded Pascal Breton as president of Federation Studios as the French powerhouse implements a new financial and capital structure and refocuses on its core business of scripted content.
The company exited the kids’ production landscape when David Michel bought back the company’s stake in Cottonwood Media last month. It has made other moves to reduce its debt level and prepare it for its next phase of growth, including a forthcoming capital increase.
With its financial restructuring, Montefiore and the financial shareholders will become the majority shareholders of the group.
As Uzan becomes president, Breton has been appointed chairman of the board and remains fully involved in the group’s development as both a shareholder and producer.
