Post-production house Point.360 has filed for chapter 11 protection to reduce costs and optimize operations, the San Fernando Valley Business Journal reported today. The publicly traded Los Angeles company will continue to operate as usual, fulfill customer orders and pay vendors. The company has facilities in Burbank for mastering, distribution, closed captioning and foreign language subtitling services. The bankruptcy restructuring announcement was made Wednesday by the company. Shares in Point.360 closed down a fraction of a cent yesterday to 5 cents on the over-the-counter market.
