Kratky Film restructures
Czech production and distribution company Kratky Film Praha a.s., which owns the Bratri v triku and Jiri Trnka animation studios, has been substantially restructured. The company has been struggling financially since 1994, and has been facing possible bankruptcy since 1997, a measure prevented by a recent investment from insurance company Ceska Pojistovna, now the majority shareholder in Kratky Film. The restructuring has also caused a management shake-out.