From the BBC:
FilmFour has lost out in rivalry with heavyweight Hollywood studios as Channel 4 plans to close its sales and distribution arms.
After two years of financial losses the film production division is to be re-integrated into Channel 4's main television operation.
FilmFour has a history of producing successes such as Trainspotting, Four Weddings and a Funeral, Crying Game and East is East.
Recently positioning itself to compete with American studios, the company suffered a series of box office flops such as The Parole Officer and Birthday Girl.
Abandoning large international projects, outside investment will be sought to bolster the experimental, low-budget FilmFour Lab in making more cutting-edge British films.