‘Valerian’ And The City Of A Thousand Misconceptions: Who’s On The Hook?

EuropaCorp’s Valerian And The City Of A Thousand Planets performed miserably here in the states, and in one of the 16 markets it released to internationally last weekend — Germany — it opened under Despicable Me 3’s third weekend with $2.9 million versus DM3‘s $3.6 million. Throughout last week and the weekend, we heard that STX, which distributed in the U.S., was on the hook for only about $5M, had a distribution fee of about 10%, and that the P&A was being shouldered by EuropaCorp. Then that was disputed. Others said the roughly $60M in P&A was being shouldered by STX. What’s true? Read on.