SulmeyerKupetz attorneys have represented arts and entertainment companies in a wide variety of matters, including Chapter 11 proceedings, corporate transactions, and business litigation.
Our work on behalf of arts and entertainment companies has included the following representative matters:
- Represented defendants in dozens of adversary proceedings commenced by bankruptcy trustee and bankruptcy estate of film company, resulting in dismissals.
- In Chapter 11 reorganization matter, renegotiated leases across Southern California for entertainment client that had been forced to shutter business due to the pandemic in 2020, facilitating successful reorganization.
- Asserting company’s rights against the principal of an art business on behalf of Plan Agent, after allegations of misappropriated work led the business into bankruptcy. Brought litigation for recovery of fraudulent transfers.
- Developed turnaround plan for distressed advertising agency in Los Angeles. Formulated crisis management strategy, prepared corporate communications, managed creditor relations, and negotiated sale to DDB-Needham Worldwide.
- Represented San Diego television station affiliated with major network in successfully opposing lender’s motion for change of venue and appointment of Chapter 11 trustee. Negotiated and implemented asset purchase agreement allowing for auction which involved active bidding competition among seven media companies and resulted in $70 million sale of assets, a surplus of $40 million over claims in the case.
- Represented creditors’ committee in Delaware bankruptcy matter related to California-based provider of stage lighting and digital video equipment, involving nearly $1 billion in debt. Opposed pre-negotiated deal that would have paid unsecured creditors nothing, ultimately securing material payments under the Chapter 11 plan.
- Reviewed financial statements and projections and prepared private placement memorandum for motion picture production company seeking $10 million in financing to acquire literary works for pre-production and production.
- Coordinated litigation of complex claims against entertainment payroll company worth $2 billion, involving multiple law firms and accounting firms.