Bron Studios, the Canadian finance and manufacturing firm that emerged as a media pressure in 2017 and has backed awards favorites like “Joker,” “Judas and the Black Messiah” and “Licorice Pizza” and industrial performs like “Ghostbusters: Afterlife,” “The Mule” and “65,” has filed for chapter.
Co-founder and CEO Aaron L. Gilbert disclosed the information in a press release on Wednesday, penning a letter to the banner’s “buddies, companions, group members and backers.”
“Having explored many choices for a lot of months, BRON had no alternative however to take this step in mild of its monetary circumstances. The previous couple of years have been extremely tough for BRON, and issues have solely gotten extra difficult over these previous months,” Gilbert shared, citing the COVID pandemic and each the SAG-AFTRA and WGA strikes as insurmountable headwinds for the corporate’s continued operations. The exec additionally said that the corporate wouldn’t be doing press.
The letter states that Bron has filed for creditor safety with the Supreme Courtroom of British Columbia in Canada and Chapter 15 in the US (the Chapter 15 submitting is for instances throughout a couple of nation).
In current months, Bron’s co-financing offers with Metro-Goldwyn-Mayer and Warner Bros. had sunsetted.
“Thanks to our many buddies who’ve been there to help us. Thanks to the BRON group and to our unbelievable artistic, manufacturing, and enterprise companions. Thanks to the various manufacturing financing companions and our company backers for help these a few years. Thanks to our numerous representatives and the various service suppliers for all of the help and endurance by means of a really robust few years at BRON,” Gilbert’s assertion concludes. “Your continued help and endurance will stay important throughout this restructuring course of and we’ll proceed to maintain you knowledgeable as we transfer by means of this course of.”