Magazine article Screen International

Fortissimo Films Files for Voluntary Bankruptcy

Magazine article Screen International

Fortissimo Films Files for Voluntary Bankruptcy

Article excerpt

An administrator, known as a "curator" in the Netherlands, has been appointed and further filings will be made for subsidiaries of the Amsterdam-based parent company, Fortissimo Holdings.

The administrator is expected to meet with staffin Amsterdam this week.

The company appears to be another victim of a punishing market for arthouse cinema, in which buyers and prices are dwindling, but operating costs, especially for companies with large libraries, remain constant.

Founded by Wouter Barendrecht and Helen Loveridge in 1991, Fortissimo brought Asian filmmakers such as Wong Kar Wai, Pen-ek Ratanaruang and Tsui Hark to global audiences, and also worked with Western indie auteurs including Jim Jarmusch, John Cameron Mitchell and Hal Hartley.

Michael Werner joined the company in 1995 and took over as sole chairman when Barendrecht died in 2009. …

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