Movie and TV company files surprise Chapter 11 bankruptcy

The movie business has always been a dangerous industry. Rich people want to be part of it because it's glamorous, but actually turning a profit has traditionally been unbelievably challenging. When you make a movie, nearly all your costs are upfront. Once it's complete, you then have massive marketing and distribution costs. Sometimes certain rights, such as streaming or distribution deals in some overseas markets, might bring in cash while a film is being made, but it's not that common for smaller pr ...