New Yorker Films, the distributor that helped introduce American moviegoers to the works of Bernardo Bertolucci, Rainer Werner Fassbinder and Ousmane Sembène, announced on Monday that it was going out of business after 44 years.

One of the most influential distributors of foreign and independent films, New Yorker has amassed a library of more than 400 titles, including Jean-Luc Godard’s “Breathless” and Claude Lanzmann’s epic Holocaust documentary “Shoah,” said Dan Talbot, who founded the company in 1965.

Mr. Talbot, 82, said in a telephone interview that the company was going out of business because its library was being sold. It had been pledged as collateral on a loan taken out by its former owner, Madstone Films, which bought New Yorker Films in 2002.

The library could be auctioned off as early as next week, he added.

New Yorker Films held rights to distribute movies to theaters and to institutions like colleges, and also to release DVDs.