Francofolies, one of France’s most popular summer festivals, has changed ownership. Jean-Louis Foulquier, founder and chief executive of the festival, announced yesterday (Dec. 29) that he has sold

Francofolies, one of France’s most popular summer festivals, has changed ownership. Jean-Louis Foulquier, founder and chief executive of the festival, announced yesterday (Dec. 29) that he has sold the operator of the event, SAS Francofolies, to Paris-based TV production company Morgane Production.

Foulquier and his wife owned 95% of the company. Financial details of the transaction were not disclosed. Foulquier will continue to be involved in the festival as artistic consultant.

Morgane Production specializes in arts programming and has filmed several music festivals in Europe, including Francofolies, Transmusicales de Rennes and Nyons. Morgane Production co-managers Gérard Pont and Gérard Lacroix have guaranteed that there will be no fundamental changes to the structure and concept of Francofolies. They have appointed Joël Breton, who previously ran a concert venue in southwestern France, as director general of the festival.

Foulquier created Francofolies 20 years ago in his hometown of La Rochelle on the Atlantic coast, as a showcase for France’s burgeoning domestic scene. It has since given birth to sister festivals in Belgium and Quebec. The 2004 edition of Francofolies in July attracted 136,000 attendees.