Court action leaves several productions in limbo
Dispatches
from the Future
June
7, 2020
LOS
ANGELES (Gloomberg News) – Attorneys representing 27 Hollywood studios and
independent movie production companies sought protection Monday in United
States Idea Bankruptcy Court. The
action, filed under Chapter 13 of the U.S. Idea Bankruptcy Code, allows the
studios to seek reorganization for their ideas.
The
law is designed to allow artists, writers, and producers to continue their projects
under court administration pending the outcome of the case. However, an attorney for the producers stated
that production will stop for now on several motion pictures already underway.