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Bron Media Corp. and its affiliates, collectively known as BRON Studios, filed for protection under the Companies’ Creditors Arrangement Act (CCAA) on July 19, 2023, amid mounting financial distress exacerbated by the COVID-19 pandemic, underperforming film releases, and the writers’ strike. The company, known for financing and producing major films such as “Joker” and “House of Gucci,” faced liabilities exceeding $420 million at the time of filing. BRON Media sought recognition of its CCAA proceedings in the United States as well. Grant Thornton was appointed as Monitor, represented by Cassels. Miller Thomson acted as counsel for Bron Media, Bennett Jones represented Creative Wealth Media Finance Corp. and Creative Wealth Media Lending Inc., with Blaney McMurtry as litigation counsel for those parties, and Blakes served as counsel for Access Road Capital.
Parties
Company
Bron Media Corp. et al.
Company
Grant Thornton Limited
Company
Creative Wealth Media Finance Corp.
Company
Creative Wealth Media Lending Inc.
Company
Access Road Capital
Deal Type
OtherIndustry
Tech/Computer/ITTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
19 July 2024