Sweden's Triangelfilm files for bankruptcy
Swedish distributor-exhibitor Triangelfilm - co-owner of Swedish cinema circuit, Astoria Cinemas, which is currently under reconstruction - filed Monday (May 21) for bankruptcy in Stockholm.'Everything has an end, and the competition in the quality film market has become increasingly complicated,' explained Triangelfilm/Astoria Cinemas CEO, Mattias Nohrborg. 'Furthermore, a few years ago we have made some strategically wrong decisions, and a couple of of our major projects ...
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