U.K. distrib Tartan Films announced late Tuesday that it had received a cash injection of £3 million ($6.2 million) in the form of a convertible loan from a private investor and also the restructure of its Brit operation.
Managing director Laura De Casto is ankling the company to pursue “other interests in production in the U.K. and North America,” according to a statement released by Tartan.
A new chief operating officer will be announced after AFM.
The PR and marketing departments, previously run out of separate London offices, will be merged into one entity based at Tartan’s head office. Mylene Bradfield has been tapped as the head of group marketing while the group publicity department will be run by joint chiefs Sarah Bemand and John Dunning.
Tartan’s home entertainment division, topped by Alan Partington and Sam Dunn, will also move to the distrib’s head office, where Partington will join the group management team along with Carole Siller and Tartan topper Hamish McAlpine.
Tartan has tapped Richard Brooman and Lisa Halkett as group financial director and group financial controller respectively. Both join from financial consulting firm myFD.
Speculation over the future ownership of Tartan has been rife for several months. The distrib was believed to be in takeover talks with David Bergstein of the Capco Group, the firm that owns ThinkFilm, Image Entertainment and the U.K.’s Capitol Films. Tartan execs were unavailable for comment.