Bron, the Canadian producer and co-financier of studio titles like Joker, House of Gucci and Licorice Pizza, has filed for protection from its Canadian creditors, Screen Daily reported. The company has also filed for recognition of the initial creditor protection order — issued by the Supreme Court of British Columbia — in the U.S. under chapter 15. It is attempting to steer through a recovery after a brutal confluence of events that has afflicted many in the industry — COVID-19, economic challenges and now the double strike. The decision came after Bron CEO Aaron L Gilbert said that he and his team considered a number of options in recent months. The company will work with its secured creditors, other stakeholders and Grant Thornton Ltd., the court-appointed monitor operating under Canada’s Companies’ Creditors Arrangement Act who will review finances and report to the court on a periodic basis. Proceedings are expected to be completed by autumn. Until then, Bron said that there are financial resources in place to support its “modified business operations.” Last year, Bron said it was shifting away from backing outside creative projects and focusing on its “core business as creative producers.”
