Austin's B-Side Closes Up Shop
The innovative Austin company set to shutter March 1
By Kimberley Jones,
3:34PM, Mon. Feb. 22, 2010
B-Side Entertainment, the innovative Austin distro outfit and invaluable film fest tool, is closing its doors, Indiewire reports.
The Chronicle profiled B-Side founder CEO Chris Hyams in February 2009, when the outlook was significantly rosier (see "All Access Austin's B-Side Entertainment rethinks how to get a movie to the masses," Feb. 20, 2009). But in a blog entry posted today, Hyams announced the decision to wind down operations by March 1: "Unfortunately, in the face of the lingering economic crisis and ongoing upheaval in the film business, our investors decided to stop funding the company. Under extreme time pressure, we were unable to secure alternate financing, and are left with no choice other than to shut down."
Perhaps best known for its super-user-friendly festival scheduler, B-Side also made strides as a sort of catchall for social networking / video streaming / stealth buzz building. It'll be missed.