B-Side to close its doors

Distributor and marketer B-Side Entertainment will be closing its doors March 1, 2010, founder and CEO Chris Hyams announced this week via the company's blog. In the post, Hyams blames the 'lingering economic crisis' and 'ongoing upheaval in the film business' for effecting its investors' decision to stop funding the company. He also added: 'The timing is especially disappointing, as the past year has been our best ever. In 2009, we opened our New York office and launched a new distribution business, successfully releasing 8 films. We grew to 220 film festival partners worldwide and started off 2010 with our widely praised Sundance collaboration.'