Filmmaker

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B-

Exclusive: B-Side Entertainment Announces Shutdown

B-side Entertainment, the Austin-based tech and distribution company that provides website services to film festivals, is closing. The company, which launched a New York-based distribution arm just 13 months ago, lost its funding from venture capital fund Valhalla Partners in late 2009. “We have spent the last four or five months looking for a [financing] alternative,” B-Side CEO and founder Chris Hyams told Filmmaker. “But we reached the end of our cash before we could secure new investment. We had to shut the company down.” B-Side laid off the majority of its staff last week and throughout the weekend notified […]
by Scott Macaulay on Feb 22, 2010

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