Quinta Industries seeks personal bankruptcy protection

PARIS -- Tarak Ben Ammar's Quinta Industries, among Gaul's greatest publish-production and vfx facilities groups, continues to be placed directly under Gaul's equal to Chapter 11 personal bankruptcy protection with a French court. The audience, including LTC, Scanlab and Duran Duboi, utilizes nearly 200 staff. Duran Duboi's newest commissions include toon feature "The Boy Using the Cuckoo-Clock Heart," that is created by Luc Besson. Ben Ammar stated he'd present an agenda to guard jobs towards the company's employees over the following two several weeks. Employees continued strike recently because they had not received their salaries. In France They-Tunisian professional is the owner of 83% of the organization, as the remaining stake is possessed by Technicolor, which arrived on the scene of personal bankruptcy protection in Feb. As the majority of Quinta Industries' activities was associated with manufacture of 35mm release prints, the acceleration of French theaters' digital conversion during the last three several weeks brought towards the company's downfall, Ben Ammar told French news agency AFP. Based on Thierry p Segonzac, prexy of Ficam, in france they specialists association, the interest in film prints has dropped 30% each year since 2008, resulting in the decline of numerous companies, including Laboratory Eclair, which completed its debt recovery plan captured. "4 years ago all films were distributed on film prints, today it's only 20% of these,Inch P Segonzac stated. "Once the film and TV board CNC setup its intend to digitize French screens it didn't remember to consider the publish-production industry," he added. Quinta Industries is a component of Quinta Communications, Ben Ammar's production and distribution giant, whose credits include Jean-Jacques Annaud's "Black Gold." Contact the range newsroom at news@variety.com