Media 8 files for bankruptcy

Independent production company overwhelmed by debt.

by Jennie Kermode

Ben Affleck, Charlize Theron and Paul Walker are among the stars whose unpaid fees contributed to spiralling debts which eventually brought down Media 8. The independent producer and distributor behind films like Monster and Jackboots On Whitehall hopes that a bankruptcy agreement will give it access to loans that could enable it to meet its obligations and restart production.

Based in Florida and Los Angeles but with extensive holdings in Canada, Media 8 distributed films worldwide and contributed to several festivals, including the Edinburgh International Film Festival. Its back catalogue is estimated to be worth over $7M but it is thought that the bankruptcy agreement will involve handing over the rights to some of its films to its creditors.

Share this with others on...
News

From odd jobs to film director Matteo Oleotto on the choices behind Zoran, My Nephew The Idiot.

March to the cinema Round-up of festivals and showcases around the country this month.

Winning ways with a Mafia rollick Pierfrancesco Diliberto looks forward to introducing La Mafia Uccide Solo d'Estate at the IFF.

Grand finale GFF Diary days 11 & 12: Retro revelry and the thrills and chills of Frightfest.

It Follows is Glasgow Film Festival Critics' Choice. Clouds Of Sils Maria and A Girl Walks Home Alone At Night are runners up.

More news and features

We're bringing you all the latest news and reviews from the New York Rendez-Vous with French Cinema.



We're looking forward to the Glasgow Short Film Festival, to BFI Flare and to the Italian Film Festival.



We still have reviews coming in from the Glasgow Film Festival, the Berlinale and Sundance.



Read our full for recent coverage.


Visit our festivals section.

Interact

Win some fabulous Unfinished Business goodies and a limited edition T-shirt in our latest .