Media, sports & entertainment coverage

chapter 11 and restructuring coverage across Media, sports & entertainment.

33 articles

Showing 13 to 24 of 33 coverage articles

Week of March 16, 2026

Baker & Taylor Files Chapter 11 to Wind Down After ReaderLink Deal Collapses

Baker & Taylor filed chapter 11 in New Jersey on March 16, 2026 after CIT tightened liquidity, a failed ReaderLink sale, and a yearlong wind-down left mostly lease and unsecured claims for the court to manage.

FreefallMedia, sports & entertainment

Mar 19

Glenwood Caverns: Mountaintop Theme Park Files Chapter 11 After $119.8 Million Wrongful Death Judgment

Glenwood Caverns Adventure Park, America's only mountaintop theme park, filed chapter 11 in Delaware after a $119.8 million wrongful death judgment from a 2021 ride fatality dwarfed the park's $14 million in total assets.

Media, sports & entertainment

Mar 19

Troika Media Group: Blue Torch Sale and Liquidation

Troika Media Group filed chapter 11 in SDNY on December 7, 2023 after Converge acquisition debt and escrow disputes triggered a liquidity crisis. The case moved through a Blue Torch-controlled 363 sale, settlement of a $29.1 million escrow fight, and a liquidation plan effective March 29, 2024.

Media, sports & entertainment

Mar 19

Mountain Sports LLC: EMS and Bob's Stores Liquidation

Mountain Sports LLC filed chapter 11 in Delaware after PNC cut off funding, sold Eastern Mountain Sports and Bob's Stores assets to Mountain Warehouse, and is now pursuing a liquidating plan that projects low single-digit unsecured recoveries.

FreefallConsumer & retail

Mar 19

Digital Media Solutions Completes $95M Credit Bid Sale

Digital Media Solutions completed a $95M lender credit-bid sale after its 2024 chapter 11 filing; BlackRock-led investors acquired the core business.

PrenegotiatedTechnology & telecom

Mar 16

Hawthorne Race Course: 363 Sale and License Preservation

Hawthorne Race Course's chapter 11 case centers on a section 363 sale, disputed DIP financing, and preserving the racing and gaming licenses that support going-concern value in Illinois.

FreefallMedia, sports & entertainment

Week of March 9, 2026

Mar 10

Metropolitan Theatres: Century-Old Cinema Chain Restructures Through Subchapter V

Metropolitan Theatres Corporation, a four-generation Corwin family cinema chain founded in 1923, filed Subchapter V in C.D. Cal. to restructure above-market leases. The plan confirmed March 2025 with 97.7% creditor support; the family retained equity and emerged operating 11 theatres.

Subchapter VMedia, sports & entertainment

Week of March 2, 2026

Mar 7

Thrill Intermediate LLC: Ridiculousness Control Fight and Cash Collateral Dispute

Thrill Intermediate LLC filed chapter 11 in Nevada after a lender control fight over the Thrill One platform. The case centers on cash collateral, the Ridiculousness production chain, and Gorilla Flicks' effort to resume direct payments under its executive producer agreement.

FreefallMedia, sports & entertainment

Mar 6

Cumulus Media: Second Bankruptcy Filing Proposes $592 Million Deleveraging Through Prepackaged Plan

Cumulus Media's second bankruptcy centers on a Houston prepackaged chapter 11 plan that would cut about million of debt, keep general unsecured creditors unimpaired, and transfer ownership to lender groups.

PrepackagedMedia, sports & entertainment

Mar 6

Imperial Pacific International (CNMI): $12.95M Sale and Liquidation Plan

Imperial Pacific (CNMI) filed chapter 11 on Apr 19, 2024 and moved toward a liquidation plan after a $12.95M sale to Team King.

Media, sports & entertainment

Mar 6

Chicken Soup for the Soul Entertainment Files Chapter 11, Converts to Chapter 7 in 12 Days

Chicken Soup for the Soul Entertainment (CSSE) filed chapter 11 in Delaware on June 28, 2024 and converted to chapter 7 on July 10, 2024 — just 12 days later. A lender-led DIP displaced the debtor's financing proposal; 24,000 Redbox kiosks shut down and more than 1,000 employees lost jobs.

FreefallMedia, sports & entertainment

Mar 6

Basic Fun: Toy Maker Restructures with DIP Financing and a Confirmed Plan

Basic Fun June 2024 Delaware ch. 11 used DIP financing and confirmed a plan restructuring funded debt and exit facilities.

FreefallIndustrials & manufacturing