{"id":481,"date":"2019-08-08T13:57:41","date_gmt":"2019-08-08T13:57:41","guid":{"rendered":"https:\/\/gkindiefilm.com\/?p=481"},"modified":"2019-08-08T13:57:43","modified_gmt":"2019-08-08T13:57:43","slug":"annapurna-under-threat-of-bankruptcy","status":"publish","type":"post","link":"https:\/\/gkindiefilm.com\/?p=481","title":{"rendered":"Annapurna under threat of bankruptcy?"},"content":{"rendered":"\n

Bad news for the indie\/Indiewood sectors if Megan Ellison’s Annapurna Pictures is exploring the option of bankruptcy, as is suggested in various reports, initially from Deadline.com. Annapurna has been a key supporter of both indie productions and more challenging studio or speciality division features in recent years, including Zero\u00c2\u00a0Dark\u00c2\u00a0Thirty, American\u00c2\u00a0Hustle, The\u00c2\u00a0Master,<\/em> Detroit<\/em> and If\u00c2\u00a0Beale\u00c2\u00a0Street\u00c2\u00a0Could\u00c2\u00a0Talk.<\/em><\/p>\n\n\n\n

According to Deadline, meeting are about to take place between Ellison and her father and backer, the billionaire Oracle co-founder Larry Ellison, the company being reported to have ‘burned through much of the $350 million credit facility the company secured in fall 2017.’ <\/p>\n\n\n\n

Will Larry step in and save the day, either with some of his own billions or more guarantees? Hopefully, as Annapurna would be a significant loss to the indie film and ‘quality’ Hollywood ends of the market. Megan Ellison herself has issued a statement to staff referring to restructuring deals with financial institutions and saying she remains committed to the company and its future.<\/p>\n\n\n\n

Links below for reports from Deadline and the studio trade press:<\/p>\n\n\n\n

Deadline<\/a><\/p>\n\n\n\n

The Hollywood Reporter<\/a><\/p>\n\n\n\n

Variety<\/a><\/p>\n\n\n\n


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<\/p>\n","protected":false},"excerpt":{"rendered":"

Bad news for the indie\/Indiewood sectors if Megan Ellison’s Annapurna Pictures is exploring the option of bankruptcy, as is suggested in various reports, initially from Deadline.com. Annapurna has been a key supporter of both indie productions and more challenging studio … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[11],"tags":[],"class_list":["post-481","post","type-post","status-publish","format-standard","hentry","category-companies"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2rcRA-7L","_links":{"self":[{"href":"https:\/\/gkindiefilm.com\/index.php?rest_route=\/wp\/v2\/posts\/481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gkindiefilm.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gkindiefilm.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gkindiefilm.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gkindiefilm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=481"}],"version-history":[{"count":0,"href":"https:\/\/gkindiefilm.com\/index.php?rest_route=\/wp\/v2\/posts\/481\/revisions"}],"wp:attachment":[{"href":"https:\/\/gkindiefilm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gkindiefilm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gkindiefilm.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}