Veteran Exec François Ivernel Exits Pathé To Launch Production Company
Pathé said today that veteran top executive François Ivernel has resigned to launch Montebello Productions, a London-based film-production company that will open June 3. He most recently held several titles within the French company, serving as chairman of the board and managing director of Les Cinémas Gaumont Pathé, deputy managing director of Pathé, as a member of its executive board and as president of Pathe U.K. Ivernel’s executive producer credits include the Best Picture Oscar winner Slumdog Millionaire and Palme d’Or-winning The Wind That Shakes The Barley.
Vivendi agreed Friday that a mediator should decide its legal spat with Lagardere over their pay-TV venture Canal Plus France. Lagardere had said in February it was suing Vivendi for 1.6 billion euros ($2 billion). Reuters reports that the media group wants Vivendi to return the sum to Canal+ France because it claims Vivendi – which owns 80% of the venture — is making permanent use of the business’s entire cash surplus under a disputed cash management agreement between the venture and its Vivendi-owned parent. Vivendi has in turn accused Lagardere of trying to destabilize it and force it to buy back Lagardere’s 20 percent stake in Canal+ France, a move Vivendi.