Securities
Sep. 24, 2009
Film Companies Fall Into Bankruptcy
The Halcyon Co., producer of "Terminator Salvation," was among the most notable film-industry companies to file for bankruptcy in recent years. Insolvency and entertainment lawyers said it's probably not the last. Lawyers blame the tough economy, piracy, weak DVD sales and risky financing from hedge funds as factors in Hollywood's hangover.
Daily Journal Staff Writer The Halcyon Co., which produced "Terminator Salvation," and its subsidiaries filed for Chapter 11 protection in August, blaming its money woes on predatory lending and its own film-financing inexperience. Halcyon was the among the most notable film-industry companies to file for bankruptcy in recent years. Insolvency and entertainment lawyers say it's probably not the last. "I think we're expe...
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