Kinowelt folds theatrical distrib arm into releasing outfit
LONDON — In line with its cost-cutting program, Germany’s Kinowelt is folding its Arthaus theatrical distribution arm into its main releasing outfit, Kinowelt Filmverleih.
Arthaus will be maintained as a label within the Kinowelt division alongside the company’s repertoire label, Jugendfilm.
While Kinowelt will be taking over existing titles from Arthaus, the parent company said Friday it will concentrate on marketing “commercially promising” films while reducing its slate from about 60 pics to 35 this year.
Arthaus distrib chief Jurgen Fabritius reportedly is in talks to assume another post at Kinowelt.
Arthaus was launched in 1998 to showcase Kinowelt’s artistically demanding films. Recent and up-coming Arthaus releases include Ang Lee’s “Crouching Tiger, Hidden Dragon” and Amos Kollek’s “Fast Food, Fast Women.”