A bid by the operator of London’s Prince Charles Cinema to buy the Filmhouse Cinema in Edinburgh has been rejected.
The Scottish owner of London’s Prince Charles Cinema is reportedly ‘gutted’ after having his bid for the closed Edinburgh Filmhouse rejected, according to The Scotsman.
The Filmhouse closed after the charity that ran it, the Centre For The Moving Image, went into administration on 6th October. The charity was also behind the long-running Edinburgh International Film Festival, though it’s understood this will continue to run.
The Centre For The Moving Image cited both the pandemic and rising energy costs as reasons behind its financial collapse.
Deadline reported last week that Gregory Lynn, co-runner of the Prince Charles Cinema in London, was leading a fully funded bid to buy and renovate the Filmhouse cinema that would have saved the venue.
The bid was submitted on 7th December and talks with Edinburgh City Council, Creative Scotland, Screen Scotland, and the Edinburgh Film Guild were apparently going positively.
Unfortunately, the bid has been unsuccessful, and it’s believed that the unknown frontrunner to buy the site has put in a substantially higher offer.
We can only hope that the Filmhouse site ends up going to someone with equally good intentions and an appreciation of independent cinema. We’re trying our best to be optimistic.
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