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New Yorker Films shuts down

Discussion in 'DVD' started by Tim Tucker, Feb 24, 2009.

  1. Tim Tucker

    Tim Tucker Screenwriter

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  2. Michael Reuben

    Michael Reuben Studio Mogul

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    According to all the reports (including today's NYT), the assets of New Yorker Films were pledged as collateral for a loan and are being seized to satisfy a default. The only way to realize value from a DVD catalog is to sell it to a new distributor; so the question becomes one of finding a buyer. In today's market that may take some time, but the lender should certainly be motivated to look.
     
  3. Lord Dalek

    Lord Dalek Screenwriter

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    Wouldn't surprise me if Janus goes after the New Yorker backcatalog considering there's quite a bit of overlap between the two.
     
  4. Corey3rd

    Corey3rd Screenwriter

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    whenever we'd rent prints from New Yorker, we'd spend hours having to fix them up before projecting them - lot of second rate splices and sprocket damage.

    the big question is how much the creditor wants from them. There's plenty of places that would probably want control of them like Kino. But the price might be entirely wrong.
     
  5. Jay E

    Jay E Screenwriter

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    This could actually be good news as I am not a fan of their DVDs (bad conversions, overpriced, lack of availability), so I am hoping their library winds up in the hands of someone who cares more about the films.
     
  6. Jon Martin

    Jon Martin Screenwriter

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    Agreed. While they had a fine catalogue, they never seemed to understand DVD. They were sort of the Criterion of VHS, but a budget label (with Criterion prices) when it came to quality of DVDs being produced.

    I hope someone is able to pick up their library and release the films the right way.
     
  7. Peter Neski

    Peter Neski Supporting Actor

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    Maybe now someone can release "The Spider's Stratagem "
     
  8. Mark_TS

    Mark_TS Screenwriter

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    Maybe they could apply for 'their' share of the Bailout-(TANF) all the big NY Banks, GM et al, have-let the little guy have a chance.

    And I hate to hear people bitch about "paying for my neighbors house"
    You are also loaning giving trillions to help these fraud-or ineptness ridden NYC banks/financial houses-and execs $100,000 bonuses/last minute inside stock swaps-and some, like CITI and AIG, JPM et al, are coming back for a second helping of the handout and probably a third.

    Let 'em fail-hit the reboot button-get the dross out of the system, now-they only put off the day of reckoning. Socialism(profits) for the rich-and an unending tax bill (buying up worthless "collateral") for you and I-anyone here think thats a good idea? Kinda off topic-until you look around you.
    www.tickerforum.org for a little more depth than the so-called 'Liberal Media' gives you
     
  9. Simon Howson

    Simon Howson Screenwriter

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    Hopefully this means Criteron will be able to release some of the Robert Bresson films that New Yorker previously released. For example A Man Escaped.
     
  10. Jon Martin

    Jon Martin Screenwriter

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    The auction was held yesterday, and Technicolor held on to the rights to the titles.

    Like Anna Karina's Sweater: New Yorker Films, Round 1

    I don't know what this means, and Filmbrain was sort of cryptic in his recap of the seconds long auction. But, he seemed to think it was good news.
     

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