Cash-strapped Cine-Intl. closes

Sale unit faced financial woes

BERLIN — Facing severe financial problems, Munich-based world sales company Cine-Intl. Filmvertrieb has shuttered while it seeks investors to take over the company, or at least its film library.

The 40-year-old distrib holds rights to 250 films, including works by Werner Herzog, Volker Schlondorff, Joseph Vilsmaier, Rudolf Thome and Jess Franco.

According to sales director Susanne Groh, negotiations are under way with investors and a decision on the fate of the company is expected this month.

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