Via
this article in Variety comes sad news: Renaissance, the London-based sales company, has shut down, declaring bankruptcy and pinkslipping its employees.
A company that mades its name as a producer of such films as
The Madness of King George and
Wings of a Dove, Renaissance was one of the international sales companies that took an active interest in the American independent sector. It invested production coin in films like Rose Troche's
The Safety of Objects and was sales repping such films as
We Don't Live Here Anymore, Todd Louiso's upcoming
Macbeth, Gregg Araki's upcoming
Creeeps and two 2005 Sundance selections:
Junebug and
Pretty Persuasion.
According to the paper, Renaissance never recovered from production losses that bled through a $40 million dollar investment in the company by Hermes, a British pension fund.
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# posted by Scott Macaulay @ 7/07/2005 01:32:00 AM
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