Following the unrealized IPO, Jerome Seydoux’s esteemed French film studio, Pathé, has acquired a new investor – Rodolphe Saadé, a wealthy French-Lebanese businessman in shipping industries. He has procured a 20% ownership in the company by investing through his family firm, Merit France.
As a passionate cinephile, I’m not just a movie enthusiast – I’m also the head honcho at CMA CGM, the globe-trotting third-largest container shipping company. Recently, we’ve made a splash by acquiring a 10% stake in M6, France’s second largest commercial broadcast network, and La Provence, a daily newspaper that keeps the nation informed. On top of that, I’ve backed Brut, a powerful digital media publisher that has become a key partner for the prestigious Cannes Film Festival.
Pathé experienced a prosperous year, with “The Count of Monte Cristo” becoming 2024’s second highest grossing film in France. At Cannes, they are premiering “Leaving One Day,” Amelie Bonnin’s first feature film, as well as Martin Bourboulon’s thriller “13 Days, 13 Nights.” The company, led by Ardavan Safaee, has been increasing the production of cinematic masterpieces designed for theaters and has opened luxury theaters in multiple locations. As France’s largest cinema chain operator, they also have a presence in Africa with plans to broaden their activities there. Having Saadé Holding as an investor will provide them with the financial strength to continue producing grand-scale films like “The Count of Monte Cristo” and “The Three Musketeers.
In a dynamic and promising global economy and industrial landscape, this transaction is intended to provide Pathé with the tools to speed up its growth, specifically in the creation of films and series with a worldwide perspective, as well as modernizing its cinema network to deliver an exceptional and cutting-edge experience that stands out in Europe,” explained Pathé and Saadé’s holding in a joint press release.
Pathé chose not to disclose the specifics of the financial agreement. However, Seydoux stated that the involvement of the Saadé family as partners would expedite Pathé’s growth and contemporary evolution.
Seydoux added that this move will allow us to keep collaborating with our esteemed team members and find others who align with our aspirations for global accomplishments.
Meanwhile, Saadé referred to Pathé as a “prominent label cherished by movie enthusiasts not just in France, but globally.
Saadé emphasized our dedication to aiding in the growth of this industry and sharing the richness of French cinema with global audiences,” or simply, “Saadé highlighted our efforts to advance the field and spread the appeal of French cinema globally.
More to come.
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2025-05-12 13:31