Buyers are clamouring to acquire the back catalogue of Tartan Films, the
independent UK distributor that went into administration last week.
David Oprey, a partner in Chantrey Vellacott DFK (which is handling the
administration) confirmed to ScreenDaily, that a number of firm bids
have already been received for the entire catalogue and a deal may be
finalised within the next few days.
'As administrators, we are looking to find buyers for the catalogue of
titles,' Oprey commented. In an ideal world, he added, Chantrey
Vellacott would like to 'sell all the titles to one person if that is
the best offer because it is administratively more convenient.'
'We are talking to a number of people at the moment and we would hope to find a buyer very quickly. We are trying to keep the catalogue
together,' Oprey said.
'We do need to move quite quickly so that we don't have problems with licences reverting to licence holders.'
Oprey refused to reveal who the bidders were or where they were from.
'Our job is to get the best price we can and that is we are trying to do,' he commented.
It is not envisaged that Tartan Films will be able to resume trading.
However, there are several other companies that bear the Tartan name and they are not affected by the administration. 'We are dealing solely with Tartan Films Distribution Ltd,' Oprey said.
The reasons why Tartan Films Distribution was moved so hurriedly into
administration last Thursday have yet to be made clear.