"Gold Tree Studios, a three-year-old firm offering post-production rental suites, editing, sound mixing, color grading, and more, filed for Chapter 11 reorganization just months after its parent company announced a $1 billion financing deal intended, in part, to grow the studio. "This investment expands our studio footprint & production slate, bringing more jobs & opportunities to LA and beyond," Gold Tree Studios wrote in a March X post about the lump sum its parent company, Gold Tree, secured from the global investment firm Malka Group."
"Gold Tree Studios filed for bankruptcy as a small business seeking protection under Subchapter V of Chapter 11. The filing, submitted in federal California bankruptcy court, shows that the firm - one of several subsidiaries that make up Gold Tree - holds between $100,000 and $500,000 in assets and between $1 million and $10 million in liabilities. The company also listed between 1 and 49 creditors."
Gold Tree Studios is a three-year-old Hollywood post-production company offering rental suites, editing, sound mixing, color grading, and related services. The company provided post-production work tied to the upcoming film Lear Rex, starring Al Pacino and Jessica Chastain. The parent company, Gold Tree, announced a $1 billion financing agreement with Malka Group aimed in part at studio growth. Gold Tree Studios filed for Chapter 11 reorganization under Subchapter V as a small business, listing $100,000–$500,000 in assets, $1 million–$10 million in liabilities, and 1–49 creditors. Representatives and the investment firm did not immediately comment, and the cause of financial distress was not specified.
Read at Business Insider
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