IRELAND'S oldest film festival now faces a rival event set up by two executives it controversially axed last month.
Cork Film Festival laid off director Mick Hannigan and programme executive Una Feely on March 26 amid claims it was switching from its successful independent film niche towards more mainstream 'red carpet' productions.
Now, both executives are to head up the new Indie Cork Film Festival which has already secured the backing of top UK film director Ken Loach.
The new festival takes place in October and will be competing directly for sponsorship and audiences with Cork Film Festival, which is scheduled to take place in November.
Mr Hannigan hailed the new festival as "an exciting venture" with full details of its programme to be announced on May 1.