Sydney-based film school Metro Screen is set to close its doors at the end of 2015 after Screen Australia pulled its funding.
Chair of the Metro Screen Board Kath Shelper said that the only responsible option was to wind down operations.
.Every effort has been made by Metro Screen to secure additional funding but to no avail," she said..
"We need to be responsible to our staff and ensure we are able to meet our obligations to them, and therefore it is with regret that the Board has made the decision to close Metro Screen in December 2015,. Ms Shelper said.
The Screen Australia funding of $240,000 was directed solely to core operational costs (overheads)..
Metro Screen CEO Christina Alvarez said to cover this loss, the challenge had been to secure approximately $750,000 annually in new projects.
.Whilst Metro Screen has successfully secured some significant high profile projects in the past 12 months, unfortunately the target has not been met.
Chair of the Metro Screen Board Kath Shelper said that the only responsible option was to wind down operations.
.Every effort has been made by Metro Screen to secure additional funding but to no avail," she said..
"We need to be responsible to our staff and ensure we are able to meet our obligations to them, and therefore it is with regret that the Board has made the decision to close Metro Screen in December 2015,. Ms Shelper said.
The Screen Australia funding of $240,000 was directed solely to core operational costs (overheads)..
Metro Screen CEO Christina Alvarez said to cover this loss, the challenge had been to secure approximately $750,000 annually in new projects.
.Whilst Metro Screen has successfully secured some significant high profile projects in the past 12 months, unfortunately the target has not been met.
- 9/10/2015
- by Inside Film Correspondent
- IF.com.au
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