The Bureau Producer Federation Studios Moves to Recapitalize as Lionel Uzan Succeeds Pascal Breton as President

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According to Variety, Paris-based Federation Studios, the group behind the French spy series The Bureau, announced on Thursday that it settled on a plan to overhaul its finances and leadership after weighing a strategic alternatives. Under the plan, co-founder Lionel Uzan is succeeding Pascal Breton as president, while Montefiore and the company's financial shareholders are set to take majority control. An upcoming capital increase will shore up equity, cut debt substantially, and provide resources for faster growth, with all longtime financial and banking partners backing the move.