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Shooting Gallery May Be Out of Ammunition

26 Jun, 2001 By: Hive News

Shooting Gallery, producer of award-winning films such as You Can Count On Me and Sling Blade reportedly is close to shutting its doors, according to the Associated Press.

It was reported Tuesday that the New York-based film company apparently is closing. This word comes one week after Shooting Gallery's Canadian parent, itemus Inc., said it was having cash flow problems.

Under the itemus corporate umbrella are Shooting Gallery Entertainment, Shooting Gallery International and the Shooting Gallery Film Series.

Last week, according to the AP, itemus said it couldn't assume further financial burden and that Shooting Gallery couldn't pay itsdebts.

The Shooting Gallery Film Series, which premiered in February 2000 at Loew's theaters in several cities, turned a profit offering independent and foreign films such as the British casino thriller Croupier, a surprise success that grossed $6.2 million. Two other series followed last fall and this spring. The series was considered a valuable outlet for independent films too challenging for major studios to take on.

Shooting Gallery produced last year's You Can Count On Me, which received Academy Award nominations for Kenneth Lonergan's original screenplay and for co-star Laura Linney as best actress.

In 1996, the company produced Sling Blade, which earned Billy Bob Thornton an Oscar for his screenplay.

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