Edinburgh Film Festival to Cease Trading as Owner Goes Into Administration
variety.comK.J. Yossman Centre for the Moving Image (CMI), the Scottish arts company behind the Edinburgh International Film Festival, have appointed administrators.
They are the first high-profile victim of the looming recession currently gripping the U.K, which follows the two-year COVID-19 pandemic.
In a statement, CMI’s board said: “The charity is facing the perfect storm of sharply rising costs, in particular energy costs, alongside reduced trade due to the ongoing impacts of the pandemic and the cost of living crisis.
The combination and scale of these challenges is unprecedented and means that there was no option but to take immediate action.” As well as the film festival, CMI also owns Filmhouse Cinema in Edinburgh and Belmont Filmhouse in Aberdeen.
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