Tartan closed for business
mccaskem at georgetown.edu
Sun Jun 29 09:11:51 EDT 2008
This is disheartening news. I looked up Hamish McAlpine, and he seems to have been involved in producing a lot of (often awful) pictures outside of Tartan, including The Ted Bundy Story (2002). Most recently he produced Funny Games (2007), which I think is a Warner picture. Were such other ventures possibly a factor in the decline of the fortunes of Tartan?
----- Original Message -----
From: Sharp Jasper <jasper_sharp at hotmail.com>
Date: Sunday, June 29, 2008 6:53 am
Subject: Tartan closed for business
> This might not come as a surprise to some list members, but sad
> news nonetheless, given how Tartan were one of the most active
> companies distributing Japanese films in Britain over the past ten
> years, responsible for among other things, the releases of Battle
> Royale and Ring.
> Jasper Sharp
> Tartan closed for business
> McAlpine breaks news to London staff
> By ALI JAAFAR
> LONDON - U.K. distrib Tartan Films has finally shuttered.
> Sources told Variety that Tartan employees found the London office
> doors closed Thursday June 26 and were then informed later in the
> day by Tartan topper Hamish McAlpine the company was closed for
> Speculation over the future of Tartan has been rife for several
> months.The distrib was believed to be in takeover talks with David
> Bergstein of
> the Capco Group, the firm that owns ThinkFilm, a stake in I.M.
> Global as
> well as the U.K.'s Capitol Film and has itself been plagued by
> rumors of
> financial troubles, for much of last year before negotiations
> broke down
> following disagreements over Tartan's financial worth.
> Last October Tartan announced it had received a cash injection of £3
> million ($6.2 million) in the form of a convertible loan from a
> privateinvestor and also had restructured its Brit operation, with
> managingdirector Laura De Casto ankling. The company's theatrical
> and home
> entertainment departments, previously run out of separate London
> offices, were also merged into one entity based at Tartan's head
> office.Tartan USA, the company's U.S. arm, announced at this
> year's Cannes that it was being foreclosed. Film print and
> advertising financing company Palisades Media Corp. has since
> bought the U.S. rights to its library.
> Those moves now appear to have only offered temporary respite from
> a downward turn of fortune for McAlpine, who founded Tartan in
> 1982. The
> company subsequently expanded by launching sub-labels such as
> Terror and Tartan Asia Extreme. Distrib arguably became the home
> for genre fare and edgy, foreign-language pics, especially from
> Asia. No official comment has been made yet by Tartan execs as to
> what the
> future holds for the company although it seems likely that a team of
> liquidators and accountants will be brought in to assess the company's
> assets and sell them off.
> Midnight Eye
> ?MSN????????????????????? ?????????????
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