Fri, 19 Aug 2016 | ADMINISTRATION
Metrodome Group, the company behind movies including Donnie Darko and Monster, is now in administration.
While an official statement declaring the news has not yet been released, it is thought Cowgill Holloway is managing the administration process. Staff were informed of the situation and redundancies on Wednesday this week (17th August). Most of the 32 staff have lost their jobs.
Metrodome had been seeking a buyer for the business recently, and had expected to attend upcoming markets as normal. It's managing director Jezz Vernon exited his role last month.
It is thought that 101 Films has taken on some of the company's assets, but this hasn't been confirmed with the company.
New releases on the horizon include The Childhood Of A Leader, which is due out today (Friday, 19th August) and Personal Shopper, starring Kristen Stewart, set for a release in October. With the present circumstances, however, the future of these films is as yet unclear.
Established in 1995, Metrodome is among Britain's main purchasers of foreign language and English-language independent films, and also has international sales and production operations. Other recent releases include foreign language Oscar winner The Secret In Their Eyes and The Counterfeiters.
Hand built in their workshop in Oxfordshire and delivered to enthusiasts and collectors all over the world, this is a fantastic and very rare opportunity to take on a truly iconic brand and develop the business to bring out the full potential that br...
RELOCATABLE
Offers a comprehensive employment process to ensure all candidates are qualified and meet the required safety and licence checks. Offers invited.
LEASEHOLD
Provides a range of specialist consultancy through planning, training and exercising, with a focus on crisis management and business resilience and continuity. Offers invited.
LEASEHOLD
|
15
|
|
Jun
|
Equity funding reaches record high for SMEs | BUSINESS NEWS
As investment rises outside of the capital, small businesses...
|
14
|
|
Jun
|
Bedding retailer fall into administration after running into troubles on the high street | ADMINISTRATION
The Yorkshire Linen company has been forced to shut its door...
|
13
|
|
Jun
|
Sipp firm with a total investment value of £130m enters administration | ADMINISTRATION
GPC Sipp Limited, a firm specialising in providing technical...
Sign up to receive our acquisition alert emails to get your FREE guide
|
16
|
|
May
|
Dagenham recycling firm enters administration | ADMINISTRATION
A plastic milk bottle recycling firm based in Dagenham has b...
|
07
|
|
May
|
Data hosting firm Alphadex bought out of administration | BUSINESS SALE
iRack Limited has bought data hosting and processing company...
|
30
|
|
Apr
|
Company behind Zumu.co.uk in administration | ADMINISTRATION
Administrators have been brought into unwanted DVD reseller ...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources