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New Yorker Films shuts down


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9 replies to this topic

#1 of 10 OFFLINE   Tim Tucker

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Posted February 24 2009 - 08:34 AM

The news is here:

UPDATED: End of the Road for New Yorker Films, Legendary Distributor of 'Difficult' Cinema - indieWIRE

So, will this mean that their DVD catalog will go out of print?

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#2 of 10 OFFLINE   Michael Reuben

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Posted February 24 2009 - 08:40 AM

Quote:
Originally Posted by Tim Tucker
So, will this mean that their DVD catalog will go out of print?[/size]
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.
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#3 of 10 OFFLINE   Lord Dalek

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Posted February 24 2009 - 09:19 AM

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

#4 of 10 OFFLINE   Corey3rd

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Posted February 24 2009 - 10:27 AM

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.
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#5 of 10 OFFLINE   Jay E

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Posted February 25 2009 - 12:05 AM

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 of 10 OFFLINE   Jon Martin

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Posted February 25 2009 - 02:10 AM

Quote:
Originally Posted by Jay E
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.

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 of 10 OFFLINE   Peter Neski

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Posted February 25 2009 - 07:05 AM

Maybe now someone can release "The Spider's Stratagem "

#8 of 10 OFFLINE   Mark_TS

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Posted February 25 2009 - 08:33 AM

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.
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#9 of 10 OFFLINE   Simon Howson

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Posted February 25 2009 - 01:24 PM

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 of 10 OFFLINE   Jon Martin

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Posted March 13 2009 - 05:52 AM

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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