CANNES — Swedish arthouse distrib Triangelfilm has filed for bankruptcy.
The company has had a couple of tough years financially, and founders Matthias Nohrborg and Bjorn Ringdahl have decided to pull the plug.
“Everything has an end. The market for quality films has become more complicated. There is much more competition and we finally felt we couldn’t take it anymore,” said Nohrborg.
Triangelfilm has been an important player in Sweden for almost two decades. Through the company, the Swedish audience was introduced to the films of helmers like Emir Kusturica, Krzysztof Kieslowski, Atom Egoyan, Mike Leigh, Michael Haneke, Hal Hartley, Wong Kar Wai, Ken Loach, Hayao Miyazaki, Nanni Moretti, Ang Lee, Kim Ki-duk and Jane Campion.
The company has also distributed films like “Amelie,” Roman Polanski’s “The Pianist” and Roy Andersson’s “Songs from the Second Floor.”
Of the films on show in Cannes this year, Wong Kar Wai’s “My Blueberry Nights” and Guillermo del Toro production “The Orphanage” are Triangelfilm pick ups.
“We made some wrong strategic decisions a couple of years ago, and we didn’t have the anticipated success with a couple of our bigger films. For a small, independent company this has made it hard to survive,” Ringdahl said.
“One of the problems is that we have done too many things. Distributing films in cinemas and on video/DVD and also trying to run cinemas. That was fine 10 years ago, but now you have to specialize. We thought we could do this all on our own, which we couldn’t.”
During these 19 years, Triangelfilm has distributed 550 features, 500 of these foreign and 50 Swedish. The company has a large library of arthouse features, which other distributors are likely to want to buy.
Cissi Elwin, head of the Swedish Film Institute, said: “Triangelfilm has meant a lot for the distribution of quality films in Sweden. They have had a great cultural importance, and they will leave a big empty space behind them.”