×

Quinta Industries seeks bankruptcy protection

Post-production group hit by digitization of French theaters

PARIS — Tarak Ben Ammar’s Quinta Industries, one of Gaul’s biggest post-production and vfx facilities groups, has been placed under Gaul’s equivalent to Chapter 11 bankruptcy protection by a French court.

The group, which includes LTC, Scanlab and Duran Duboi, employs nearly 200 staff.

Duran Duboi’s most recent commissions include toon feature “The Boy With the Cuckoo-Clock Heart,” produced by Luc Besson.

Ben Ammar said he would present a plan aimed at safeguarding jobs to the company’s employees within the next two months. Workers went on strike last month when they didn’t receive their salaries.

The French-Tunisian exec owns 83% of the company, while the remaining stake is owned by Technicolor, which came out of bankruptcy protection in February.

With the bulk of Quinta Industries’ activities linked to production of 35mm release prints, the acceleration of French theaters’ digital conversion over the last three months led to the company’s downfall, Ben Ammar told French news agency AFP.

Popular on Variety

According to Thierry de Segonzac, prexy of Ficam, the French technicians association, the demand for film prints has dropped 30% every year since 2008, leading to the decline of a number of companies, including Laboratory Eclair, which finalized its debt recovery plan earlier this year.

“When the film and TV board CNC set up its plan to digitize French screens it forgot to take into account the post-production industry,” de Segonzac said.

Ben Ammar told Variety that the company was also hurt by the French anti-trust board’s decision to ban Quinta’s merger with Eclair Group, in which Ben Ammar owns a 43% share, in 2008. He said this merger would have allowed a consolidation of the sector.

However, the French state’s initiative to fund the digitization of more than a thousand French films, which was announced at Cannes, will greatly boost the sector’s activity, Ben Ammar said.

Quinta Industries is part of Quinta Communications, Ben Ammar’s production and distribution powerhouse, whose credits include Jean-Jacques Annaud’s “Black Gold.”

More Film

  • Emerald Run

    'Emerald Run': Film Review

    “Emerald Run” is one of the weirdest hodgepodges to make its way to theater screens and digital platforms in quite some time. Unfortunately, oddness is just about the only thing this muddled little indie has going for it. Despite the game efforts of lead actor David Chokachi and attractive lensing by DP Michael Caradonna, the [...]

  • The Call of the Wild

    Box Office: 'Call of the Wild' in Surprisingly Tight Race With 'Sonic the Hedgehog'

    “The Call of the Wild” and “Sonic the Hedgehog” are in a tight race for first place at North American multiplexes, with as much as $27 million each, early estimates showed on Friday. Disney-20th Century’s launch of Harrison Ford’s “The Call of the Wild” is coming in well above pre-release forecasts, which had been in [...]

  • Hidden Away

    'Hidden Away': Film Review

    Antonio Ligabue holds an unusual place in the annals of mid-20th-century Italian art, championed by those who feel his boldly-colored, largely naive paintings are the product of a self-taught artist whose mental incapacities prove that natural spirit transcends training and intellect when wielding a paint brush. Wherever one falls on Ligabue’s talents, making a film [...]

  • The Intruder

    'The Intruder': Film Review

    Take two parts De Palma, one part Zulawski, four parts “Berberian Sound Studio” and dissolve the whole in about a million parts water, and the resultant dilute solution might approximate “The Intruder,” an oddly flavorless supernatural psycho-thriller from sophomore Argentinian director Natalia Meta. The claustrophobically close-up tale of a woman’s mental unraveling in the wake [...]

  • Matthew A Cherry Hair Love NAACP

    Lead Category in NAACP Image Awards Reflects Spike in Diversity and Artistic Caliber

    To best appreciate the competitiveness and quality of the outstanding motion picture nominees for the 51st NAACP Image Awards, which takes place on Feb. 22, check the numbers. All five of this year’s nominees — “Dolemite Is My Name” “Just Mercy” “Harriet” “Queen & Slim” and “Us” — scored well on Rotten Tomatoes. To wit, [...]

  • Mogul Mowgli

    'Mogul Mowgli': Film Review

    The last time festival audiences saw Riz Ahmed on screen, he was tearing it up on stage as a hedonistic hard-rocker before being plunged into emotional freefall by disability. As an American drummer slowly accepting the loss of his hearing in “Sound of Metal,” the British-Pakistani actor elucidated that painful arc with such furious, void-staring [...]

  • Mimamata

    'Minamata': Film Review

    If it weren’t for the work he’d done in the Japanese fishing village of Minamata, W. Eugene Smith’s legacy would likely be that of a war photographer, or else as one of the leading contributors to Life magazine, whose immersive approach to his subjects helped pioneer the concept of the photo essay. But Smith did [...]

More From Our Brands

Access exclusive content