2019.07.15 16:19

Annual film awards in Lithuania cancelled due to financial problems

BNS 2019.07.15 16:19

The annual Silver Crane film awards will not be held in Lithuania this year as its organizer, the Lithuanian Film Academy, has run into serious financial difficulties, the news website reports.

In a letter to academy members, Gražina Arlickaitė, the chair of the organizing committee, said the academy's creditors had refused to postpone debt repayment and "due to such a financial situation, the laws make the Lithuanian Film Academy's director to submit a request to declare the organization bankrupt".

The letter also informs about plans to establish a new academy by inviting representatives of the Lithuanian Film Center, the Lithuanian Film Academy, the Lithuanian Cinematographers' Union, and the Association of Independent Producers to join in.

Once the new academy is established, the next awards would be held in 2020, the news website reports.