Syd Kessler says rumors F/X Training, a divison of The Kessler Group of Companies, has been put into receivership are false.
Kessler confirms F/X Training has been folded, but he says ‘it is not in receivership as reported, simply, shut down.
‘We concluded to close F/X Training simply because it wasn’t meeting our financial expectations,’ he says.
In a related development, Dalton/Kessler Productions, the commercial and long-form production arm of Kessler Group, is ‘just sitting there’ waiting for a project that has been delayed, says Kessler.
Chris Dalton, executive producer of the firm, has revived the production house he operated before joining Kessler Group – Dalton Films.
The other divisions of the Kessler Group of Companies are: F/X Financial, F/X Corporation, Kessler Productions, F/X Studios, Canadian Sportfishing Productions and The Conservatory.
Responding to the rumors of layoffs elsewhere in the company, Kessler says ‘there have been some layoffs at F/X Corp. due to one of our contracts being delayed by several months.’
He says the Kessler Group is working on three major contracts with Fortune 500 companies: U.S. West, Dow Jones and a major u.s. retailer whose identity contractually it is not allowed to release.
