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by james macgregor | 4th May, 2001 | contact: james@netribution.co.uk

Curse of MacBeth Hits Films Investors

The small film company behind the 1997 box-office flop, Macbeth, has itself been hit by the curse of the Scottish play, going into receivership owing thousands of pounds to investors.

Cromwell Productions hit the headlines four years ago when it advertised for small-time investors to back the £1 million Macbeth film starring Jason Connery and Helen Baxendale.

Now hundreds of Scots who invested a minimum of £500 have been left out of pocket as the company set up by Cromwell’s Scottish owner, Bob Carruthers, to finance the film, has gone bust.

Fife-born Mr Carruthers persuaded an estimated 750 people to invest in the venture with some sinking as much as £2,000 into the project with the promise of a walk-on part and credits in the titles.

One such investor was Colin Simpson, a Scot living in London, who put £500 into the ill-fated company. Mr Simpson now insists that all the investors have been let down.

Mr Simpson has said: "We were given the impression we were investing in a sure-fire hit and would make money on it."

He complains that all he got for his money was a walk-on part that you would miss if you blinked and a cheque for £75 which was secured only after a lot of arguing with the producers.

The film was shot on location at Blackness Castle, close to Linlithgow, in the afterglow of Braveheart, which was directed by and starred Mel Gibson. It was hoped that some of the success of that film at that time would guarantee that Macbeth was a hit.

However, due to its limited release across cinema screens and the fact that it was universally panned by film critics, it went straight to video, wiping out any chance of riches for investors in the movie.

Mr Carruthers refutes claims that people got nothing out of the venture.

Those who turned up to the shoot can see themselves in the battle scenes as spear-carriers.

He was previously quoted as saying: "We make it very clear to people that it is a risky business. Most people see it as a fun investment with the chance of getting to appear in one of the films."

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