Indie Financier Bron, Which Backed ‘Joker’ And ‘Licorice Pizza’, Files For Bankruptcy
deadline.comBron, the finance and production company that backed films including Joker, Licorice Pizza, Bombshell and Judas and the Black Messiah, has filed for bankruptcy, its co-founder Aaron J.
Gilbert said Wednesday. In a letter to “friends, partners, team members and backers,” Gilbert wrote today that Bron — the parent company of Bron Studios and Bron Digital — had filed for creditor protection with the Supreme Court of British Columbia in Canada, where it is based, concurrent with Chapter 15 in the U.S.
The Chapter 15 designation deals with cases involving more than one country. “Having explored many options for many months, Bron had no choice but to take this step in light of itsfinancial circumstances,” Gilbert wrote (read the full letter here). “The last few years have been incredibly difficult for BRON, and things have only gotten more complicated over these past months.
Covid and the many other issues affecting the media industry the last few years, most recently the strikes, have made BRON’s ability to continue its existing business impossible.” He added, “During the CCAA proceedings, which are expected to be completed by late Fall, there are financial resources in place to support the Company’s modified business operations.” No other details about those operations were revealed.
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