Canadian producer and co-financier Bron has filed for cross-border bankruptcy.
The company has backed multiple high-profile adult-targeted films in recent years, including “Joker,” “Licorice Pizza,” “Bombshell,” “Greyhound,” “The Mule,” “House of Gucci,” “Ghostbusters: Afterlife” and “Judas and the Black Messiah”.
In a memo today, it was confirmed the company has filed for creditor protection with the Supreme Court of British Columbia in Canada, concurrent with Chapter 15 of the Bankruptcy Code in the United States.
CEO Aaron L. Gilbert and his team reportedly considered a number of options in recent months. In the memo, he says: “The decision to seek creditor protection was not taken lightly and was adopted with a view to the best interests of the company and its many stakeholders.”
Bron will work with its creditors and stakeholders alongside court-appointed monitor Grant Thornton Limited with proceedings “expected to be completed by late Fall.”
The company is reportedly attempting to steer through recovery after COVID, along with financial challenges and the current double strike.
Bron has produced or executive produced more than 125 productions since it was founded, with recent projects including HBO’s “The Idol,” Apple TV+ series “Black Bird” and “The Morning Show,” Oscar nominee “Tar,” Ti West’s “X” the Adam Driver-led “65” and Ron Howard’s “Thirteen Lives”.
Source: Screen Daily
