Movies Annapurna Facing Bankruptcy, update - banks agree to take 20% hit to their debt to avoid Chapter 11

[skillzdadirecta]

Indie Production Company behind Vice and If Beale Street Could Talk facing bankruptcy after burning through 350 million dollars

 

 

[johnny]

that sucks. I didn’t like Vice but I’ve liked all of their other recent releases (Booksmart might end up being top 3-5 of the year for me). 

[Commissar SFLUFAN]

11 minutes ago, skillzdadirecta said:

Indie Production Company behind Vice and If Beale Street Could Talk facing bankruptcy after burning through 350 million dollars

They'd better get Tim Sweeney to shell out some more of that Fortnite cash for their Annapurna Interactive-published exclusives on the Epic Games Store!

[skillzdadirecta]

3 minutes ago, johnny said:

that sucks. I didn’t like Vice but I’ve liked all of their other recent releases (Booksmart might end up being top 3-5 of the year for me). 

I've liked most of their films and a company like this would have KILLED in the 90's. Unfortunately the marketplace has changed so much these days and it's hard for specialty films to grab a theatrical audience no matter how good they are.

[Commissar SFLUFAN]

1 hour ago, johnny said:

that sucks. I didn’t like Vice but I’ve liked all of their other recent releases (Booksmart might end up being top 3-5 of the year for me). 

Booksmart is A24 

 

Edit: Egg on my face - it is Annapurna!

[Commissar SFLUFAN]

It seems like Daddy Larry is gonna bail out his daughter.

[RedSoxFan9]

I hope they don't have a Trumpian relationship

[Commissar SFLUFAN]

Update: looks like Daddy Larry convinced the banks to take a 20% hit on their debt and Chapter 11 will be avoided

[RedSoxFan9]

as part of the deal, young actresses working with Annapurna have to take a weekend trip on Larry Ellison's yacht