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Channel 4 confirms FilmFour closure

The UK's Channel 4 yesterday confirmed that it is to close FilmFour. It is planning to replace the $46.1m (£30m) a year vertically-integrated film division with an in-house development and production operation with an annual budget of around $15.4m (£10m). FilmFour was the UK's larfgest single film financier and was arguably the UK's most significant film company.

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