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

Huppert sparkles with a crystal award Elle star touched by honour in Paris.

An extraordinary individual Colin MacCabe remembers John Berger.

Cate Blanchett on stage and screens Taking on The Present and speaking out in Manifesto.

French cinema takes rare nosedive Admissions dip below 50 million for first time in 10 years.

Global treasure trove of French films Online festival homage to Françoise Dorléac.

Dalida opens French film jamboree Special honour for Huppert.

More news and features

Film festivals are taking a festive hiatus just now but we'll have more exciting stuff for you soon from the Sundance Film Festival - check out our early coverage of the premières.

We've recently been covering the French Film Festival UK, the Made in Prague Film Festival and Welsh horror spectacular Abertoir.



Read our full for recent coverage.


Visit our festivals section.

Interact

Win a copy of Indochine in our latest competition.