| Jun 27 2008 |
Just heard from someone in the UK that everyone showed up for work at Tartan UK this morning only to be told that the company was closed.
Only a few years ago Tartan was one of Europe's biggest buyers of Asian films.
Speculation over what happened is simmering along - who knows, it could all be a rumor - but from what I've heard they were having the same problems as Tartan US with mounting debts and mounting cash flow problems and finally something had to give.
Waiting for more confirmation and details as they come in, but if anyone else knows anything feel free to email me (grady at subway cinema . com) or post a comment here. You can even post comments anonymously. Yay, internets! But not so "Yay" if you worked for Tartan. A lot of good people worked at both Tartan US and UK and for them to be suddenly out of work just stinks.
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Tartan US, on the other hand, has sold its library to Palisades Media Corp. which has created a unit especially designed to get Tartan titles back out on the marketplace. More details in this story:
http://www.bloody-disgusting.com/news/12586

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