Business

Dave Matthews disbands film unit

Rocker Dave Matthews is folding the movie distribution entity he formed with partners back in 2010, The Post has learned.

The frontman of the namesake band is shutting down the distribution arm of New York City-based ATO Pictures, the company confirmed yesterday. The production arm, formed in 2002, will continue.

The distribution division sold both ATO’s own productions and third-party movies, but it couldn’t raise enough capital needed to keep it going, film sources said.

ATO President Johnathan Dorfman put it this way: “We’re not closing down. The change in focus is passion driven.”

We’ve“always been distributors-slash-producers. The original idea was to distribute our own films. We want to focus on producing and it’s challenging to be a producer and a distributor at the same time.”

ATO Pictures had alliances with Samuel Goldwyn for theatrical distribution and Fox Searchlight for home entertainment. Fox Searchlight is owned by News Corp., which also owns The Post.

The firm’s highest-profile project was “Margin Call,” a 2011 film starring Kevin Spacey.