Dan Cutforth Britain Coronavirus BBC exclusive Dan Cutforth Britain

Tinopolis Seeks Peace Deal With Angry Former Producers Owed $70M By ‘Hell’s Kitchen’ Studio

Reading now: 860
deadline.com

EXCLUSIVE: Tinopolis has attempted to make peace with furious former producers, left out of pocket to the tune of £50 million ($70M) as a result of a complex and controversial financial restructuring at the Hell’s Kitchen production empire.The UK studio has offered around 15 disgruntled producers shares in its new trading company and a small amount of cash under a deal to acquire part of a subsidiary it liquidated, citing financial difficulties relating to the coronavirus pandemic.Tinopolis management voted in March to liquidate DMWSL 584, which held around £50M in loan notes owed to producers who were once part of the group.

Read more on deadline.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA