Germany's Cine-International calls it quits

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COLOGNE, Germany -- Veteran German sales group Cine-International Filmvertreib said Tuesday that it is shuttering operations.

The news follows months of rumors that the Munich-based outfit, founded in 1969 by company president Lilli Tyc-Holm, was in trouble. Cine-International did not attend the MIPTV market in April and, for the first time since its founding, missed the Cannes Film Market in May.

Cine-International has almost 300 titles in its library, ranging from Joseph Vilsmaier's "Autumn Milk" to Mirk Borscht's skinhead drama "Combat Sixteen."

Tyc-Holm also was the sales agent for the films of Werner Herzog for almost 30 years.

In a letter to "film buyers, colleagues and friends," Cine-International head of sales Susanne Groh said talks were under way to sell the company's assets, including the label Cine-International to "either a European investment company or a German sales and distribution company."
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