BRON Studios’ Bankruptcy Begs Serious Questions

The last thing Hollywood bosses want at this moment is a financial scandal.  Yet that is what may be needed to make room for truly professional investors to rid the industry of “Hollywood Accounting” and the unscrupulous money it attracts.

On July 19th, BRON Media Holdings (USA) Corp filed for federal bankruptcy protection in the US Bankruptcy Court’s Northern District of Georgia under Chapter 15 of the US Bankruptcy Code.  Chapter 15 deals with recognition of creditor protection orders from other countries.  In this case, Canada, where BRON was founded and where it concurrently obtained protection from the Supreme Court of British Columbia from its creditors there.

BRON, also known as BRON Studios, is...