U.K.'s Tartan Films goes into administration
Company recently shuttered U.S. divisionLONDON -- Long-running world cinema distributor Tartan Films has gone into administration, with all 22 of its staffers made redundant, according to board director Alan Partington.
Partington was unable to give any more details about what will happen to Tartan, which was established more than 20 years ago by owner Hamish McAlpine. He said he was hopeful of a swift resolution of the administration and that more details would be announced soon.
The company, which recently shuttered its U.S. arm Tartan Video USA and auctioned its 100-film library to film print and advertising financing company Palisades Media, has been in trouble for some time.
The move may not affect home entertainment sales house World Cinema Ltd. beyond the loss of the Tartan product slate. World Cinema was long thought to be a joint venture between Tartan and Artificial Eye but sources say that McAlpine may hold a 50% share personally.
The sales house represents about seven labels including Artificial Eye, Axiom, ICA, Verve, Yume Pictures and Trinity.