The assets include Tartan's library of more than 400 films. Palisades had purchased Tartan USA's assets when U.K.-based Tartan Films' U.S. arm went belly up in May. Last week, Tartan Films closed its London office and announced it was out of business.
Palisades chairman-CEO Vin Roberti is quoted by Variety:
"We had such confidence after U.S. auction," Roberti said. "The titles are very legitimate. There are very few people in this industry who have the taste (Tartan topper) Hamish (McAlpine) has."
Roberti said that he will continue to buy titles for both territories under a new company called Palisades-Tartan Acquisitions. "We believe strongly in the new digital world at Palisades, and will be aggressively ramping up future acquisitions," he said.
Goal is for Palisades to own a library of some 2,000 titles by 2010.
"We're not in the blockbuster business," Roberti added, "but we will continue to do theatrical releases when it benefits the titles. The most important thing about this is preserving titles and making sure they get the exposure and exploitation they deserve."
Yeah. Exploitation. Asian films need more of that. Hopefully, though, Palisades-Tartan will look to acquire more than just those "extreme" Asian horror and action films.