As the EuropaCorp mogul — and THR's International Producer of the Year — prepares to release the most expensive film of his career, he opens up about his arm's-length relationship with Hollywood ("I do 'Leon,' they send me four 'Leons'") and his lifelong obsession with an "impossible"-to-film French comic book.

Luc Besson was 8 years old when he fell in love with the French graphic novel Valerian and Laureline, about two young adventurers who travel through space and time. Now, half a century later, the 58-year-old French producer-director is bringing his childhood infatuation to the screen. At $180 million, Valerian and the City of a Thousand Planets is by far the most expensive picture he has ever made, with double the budget of his last sci-fi feature, 1997's The Fifth Element. The STX release (which opens July 21) is the biggest bet yet from a man who has made a career of them — from directing 1985's Subway to 1990's La Femme Nikita (one of the first action flicks centered on a woman) to 1994's Leon: The Professional and 2014's Lucy, not to mention producing franchises like Taxi and Taken.

But no matter how much Besson has riding on his new picture, he gives no sign of being perturbed when THR sits down with him in mid-May in the rather impersonal, two-room suite he maintains several floors above his high-tech studio just north of Paris, La Cite du Cinema. (It has an accompanying film school, L'Ecole de la Cite.) This is where Besson spends most of his time when he's not at home in Beverly Hills, where he has lived for the past three years with his producer-wife, Virginie Besson-Silla, and their three children, ages 11 to 16.

Relaxed in a pair of jeans and a T-shirt, music wafting from his iPad, the filmmaker is expansive when talking about his family and personal life, but more reticent when it comes to addressing the business aspects of his career and company, EuropaCorp, in which he's the largest shareholder. Perhaps that's because, after years of success, EuropaCorp will post a loss of $136 million in 2016, just a few weeks after our meeting, the result of such misfires as Nine Lives, Shut In and Miss Sloane. Besson leaves talk of business to his company's CEO, Marc Shmuger.

"EuropaCorp experienced significant losses this past year," acknowledges Shmuger. "Over the course of the past year, we took necessary measures to strengthen the company's treasury position. These measures include restructuring our first and second lien debt, a new capital raise from [Chinese production and distribution firm] Fundamental and sales of noncore assets [among them, theaters in Paris]."

They also include bringing in outside financiers to defray some of the cost of Valerian, whose downside already has been covered, he says, thanks to $30 million in French subsidies, outside equity and presales, reducing EuropaCorp's investment to about 10 percent of the total budget.

The company signed a three-year exclusive (in the U.S.) distribution and marketing services pact with STX in early 2017 after extricating itself from a problematic joint venture with Ryan Kavanaugh's Relativity Media. In leaving Relativity, it tightened its focus, going from an original plan to have up to 12 domestic releases per year to about four — all at much lower budgets than that of Valerian.

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Those projects include another Taxi sequel, a follow-up to Lucy (possibly starring Scarlett Johansson again) and such European productions as Kursk (with Matthias Schoenaerts, Colin Firth and Lea Seydoux) and the horror film Underground (with Ben Kingsley and Peter Franzen).

It is for this prodigious output — and for his willingness to risk so much — that THR has named Besson its International Producer of the Year.

When did you start working on Valerian?

When I did The Fifth Element 20 years ago, the designer Jean-Claude Mezieres was saying, "Why are you not doing Valerian? Why are you doing this stupid Fifth Element thing?" I said, "Because [Valerian] is impossible." But then, little by little, the technique went up. I started to write, and I wrote for a couple of years just to see: Was it good enough? Was it worthwhile enough? And then it came to maturation.

How much of your own money is in the film?

My entire salary. [The budget is] not my money, but at the last minute, the financing fell short, so they asked me, "Can you put your entire salary in?" And I said yes.

When you saw Avatar, you threw away the Valerian script. Why?

Because it wasn't good enough. Avatar was on such a [high] level that [I thought], "You're not qualified. Go back to training," like with the Olympic Games. You can't go and ask for $180 million [without being ready].

Did you discuss Valerian with James Cameron?

He invited me on the set of Avatar in L.A. because I said, "I'm writing something sci-fi," and he said, "Come and see how it's working." Being there, in the middle of the factory with nothing, and seeing the world on the screen — he took me for a moron at the beginning, because it was kind of complicated for me to understand. He looked at me like, "This moron doesn't understand anything." I don't have a computer. I have this, an iPad, with music. Then we went for lunch, and I asked him a lot of questions, and he gave me some tips. He was such a gentleman, so secure. You know, the people who are secure are generous.

Are you secure?

Yes. Now. A little bit. But the first few years, you're like, "Grrrrr." You're going to bite anyone who comes close to you.

When did you first realize you wanted to make films?

My parents worked [as SCUBA teachers] at Club Med, so I was watching shows every night. I started to write at 13, to take pictures at 14. It just came to me, like some people love baseball — me, it was photography and writing. I built my skills without noticing. Later, I said: "Hmm, movies, that's probably a good way of expressing for me because I'm not good at anything [else]."

Was there a particular film that influenced you?

I never fell in love with films because I was not watching films at all. [After his parents split up] I had a stepfather who didn't want TV and music at home; he didn't want any way of expressing art in the house. He was working on Formula One, so it was all about cars. I was kind of frustrated.

Did you ever want to be anything other than a filmmaker?

When I was 16, I wanted to study dolphins, because I was in love with dolphins. And I got in a diving accident and the doctor told me, "You will never dive again." This guy broke me in two. He didn't even realize what he had done because that was my life, diving, dolphins. And the day he said "forget about it" [was as if] basically you want to be a dancer and then you have no feet. I was very desperate. It was my worst moment. You're 16, you're in boarding school, and you're broken by this doctor. I was really, really down. I remember asking myself, "What are you going to do with your life?" I took a piece of paper and I put a line down the middle, and on the left I said what I loved and on the right what I hated.

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What did you love and what did you hate?

I can't remember exactly. But when I read the left column, I realized almost everything was artistic. And it was the first time I said, "Wow, maybe cinema could be good." And then a friend of a friend was shooting a short film in Paris, and I took the train and went there. And I arrived on the set and fell in love. I stayed two days, I slept on the set to keep an eye on the material, and I went back home to see my mom. I said, "I know what I'm going to do." And the day after, I came down to breakfast with my suitcase and I said, "I'm leaving."

Leaving home?

Yeah. Home and school. I came back from the set on a Sunday night, and on the Monday morning I went back to Paris. A friend [put me up] for a few nights. Then I was going from apartment to apartment, living on the couch, eating what was in the fridge — and usually on set they'd always have food. You eat twice a day and then you sleep. I really loved it. But the more you see on a set, the more you see other layers. You think it's just a door, but no, after the door there are two other doors. I was so naive, I had no [frame of] reference, but I was not blocked by anything. I was like a kid who is not afraid of dogs and puts his hand in their mouths, you know? And I did my first short film 12 months later. I started my first long feature film at 19 [The Last Battle, about humans in a post­apocalyptic world]. I turned 20 years old during the shooting. Sometimes we were shooting on the weekend — because when [the studios] have a big film shooting, they don't shoot on the weekend, so you take the [equipment] and put it back on Sunday night. We did films with nothing, nothing. I was asking my mom to prep food for the team, because I couldn't pay for the lunch. She's a very good cook, so they were happy.

Did you ever study film?

No. But when I arrived in Paris at 17, I didn't have a lot of money, and there was a [bookstore] just for films, near the Champs-Elysees [with anything that] you wanted to find on movies or how to make a script. And I stayed for hours and bought [a film industry version of the Yellow Pages], which was the most practical thing to get. Then I still had 20 francs in my hand, and I said to the girl, "For four bucks, do you have a little something I can buy?" She said, "In this big basket, there are used books." I took a very small book, a treatise on directing [Notes of a Film Director]. I studied it, and it was quite complicated. I liked the book very much. What I didn't know was that the writer was [Russian master Sergei] Eisenstein. And the treatise was very pragmatic and simple and clear, which is exactly what I needed at the time. So my basis is Eisenstein.

Do you watch films a lot now?

No. Cooking and eating are not the same job. My job is cooking.

Are there any filmmakers you particularly admire?

Actually, almost all of them, because it's a hard job. Every time you feel the heart of the guy, I like it. What I don't like is when you feel the studio too much and you don't feel the guy. There are a couple of Marvels where I don't feel the guy. The films are pretty good, but I don't know who cooked them.

Are you friends with other filmmakers?

I am very friendly with them. I say "friendly" because I don't see them enough. There's a couple that I see: Ridley Scott sometimes, Darren Aronofsky. But I can't say I am friends with them. What's interesting is, I've never felt a [sense of] competition with any director. Never. The directors' family is very, very friendly. I have a funny story: I had a film, I don't remember [which one] but I was in New York, and I saw the poster [outside] the theater. There were two screens, and my film was playing [in the theater next to] a Pedro Almodovar film. I went in, just to smell the ambience, just for curiosity. And I opened the door and Pedro Almodovar bursts in. I said, "Oh, my God, Pedro, what are you doing here?" He was doing the same thing as me. We were laughing so much.

You've avoided working in the Hollywood studio system. Do they come after you?

I've received a script per week for 20 years. I've never stayed away from Hollywood. I always answer very politely, and I'm very honored. But no one comes with an Amadeus or something that I would love to do. When I do La Femme Nikita, they send me all the Nikitas — three, four, five. When I do Leon, they send me four Leons. When I do The Fifth Element, they send me all the sci-fi. That's not interesting to me. I mean, if someone gave me Raging Bull, I would be thrilled.

The Fifth Element seems more of a success today than when it came out. Why?

Maybe the film at the time was too weird. Twenty years ago, there was no internet. And the film was wild. It was not conventional. The hero who saved the world [was] a girl with orange hair who doesn't speak English. A classical singer extraterrestrial in space. It's like, what the f— is this thing?

What do you do outside filmmaking?

The biggest thing is writing, in the morning. I love that. If I don't write for a few days, I feel bad. I'm nervous and I'm not agreeable with people. It's my gym.

Do you read a lot as well as write?

No, I don't. Except scripts. I can't concentrate on a book. You start the book and the guy is talking about a garden — and after two pages, I'm in the garden of my grandmother, and I think about my grandmother and that's it, I'm out. For me, a book is a house without walls. I get in, and I can't get out. And that's what I love about film: You have to follow the thing; you can't go backward or forward.

Do you enjoy producing as much as directing?

It's not the same job. Producing is being on the bench and screaming to the players on the field, "Faster!" (Laughs.) Being a director is painful. It's the hardest job, because you're responsible for everything, you have people asking you questions every three seconds. You have to manage the emotional DNA of everyone on the set, especially the actors. You have to be the general of an army. And then you're in the editing room. And you see an image of your film that is not your film, and when you've finished, you push the film out to the press, who most of the time kill you. It's a hell of a job.

What makes a good producer?

I don't know if I'm a good producer. Because a good director makes a good film, even with a bad producer. A producer is really at the service of the director, understands the qualities of the director and maybe the bad parts, and can tell him, "No, you are lying to yourself here."

What's the worst part of being a director?

You need to have an extra sensitivity, permanently, from the morning to the end of the day. It's almost like you take your skin out and people are touching you all day. I remember going back to the hotel at 10 p.m. and watching TV, and they were talking about the opening of a salon of flowers, and you see some old people going there — and I'm crying. It's terrible. And it's terrible because you take the skin out and then every morning you put on armor, because you need both. You need to be absolutely nonsensitive. You need to be a general of an army and at the same time, if a flower [touches] your arm, you scream. It's painful. And honestly, every time you start to film, you remember that. You say, "All right, OK, I'm going to make the film," and you take the decision, you accept the pain. You never go, "Oh, my God, it's going to be great! We're going to do a film!" You know it's going to be painful.

This story first appeared in the July 12 issue of The Hollywood Reporter magazine. To receive the magazine, click here to subscribe.