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

Diplomatic talk, part 1 Volker Schlöndorff on Hiroshima Mon Amour, French German images, and new film Diplomacy.

London Spanish Film Festival preview A look at the line-up of the 10th edition.

The art of adaptation Volker Schlöndorff looks back on his career.

Drawing on real life Sylvain Chomet talks about his live-action feature Attila Marcel.

Chris Fujiwara quits Edinburgh International Film Festival Artistic director steps down to pursue other activities.

Whiplash drums up a storm in Deauville Double prizes whammy plus a standing ovation.

More news and features

We're bringing you news and reviews direct from the Deauville Festival of American Cinema.



We've got a lot of exciting coverage coming up, including the San Sebastian Film Festival, the Scottish Mental Health Arts and Film Festival, GrimmFest, the London Film Festival and the New York Film Festival.



We still have reviews coming in from Frightfest and the Locarno Film Festival.



Read our full for other recent coverage.


Visit our festivals section.

Interact

Win some great Raid 2 merchandise in our latest .