Lionel Uzan Succeeding Pascal Breton As President Of Federation Studios As Montefiore Ups Stake
According to Deadline, Lionel Uzan is taking the reins at the French entertainment giant Federation Studios as Pascal Breton steps back. This transition coincides with Montefiore Investments increasing its stake to become the majority shareholder alongside other financial investors. Federation, which had been seeking a significant capital injection for the past couple of years, will adopt a new structure. The group stated today that it will refocus its strategy on its most promising markets and scripted content.