You will be redirected back to your article in seconds

Orion likely to step out of Chapter 11 today

Orion Pictures is expected to emerge from its Chapter 11 bankruptcy today as a newly reorganized company.

It will function primarily as a library sales operation with plans to re-emerge in limited production and distribution.

Although details of the company’s final closing were unavailable late yesterday, no appeals had been filed since the company’s confirmation hearing before Judge Berton Lifland in U.S. Bankruptcy Court in New York Oct. 20.

At that time, only two objections had been filed: one from director Woody Allen’s Francesca Films and the second from producer Cinemagic.

Lifland overruled Cinemagic’s objection to its class certification and he overruled Allen’s claim that a reorganized Orion would be obligated to honor terms of a 1983 agreement to provide financing, production and distribution of his 12 films (Daily Variety, Oct. 21).

More Biz

  • Oprah Responds to Trump Tweet Claiming

    Oprah Responds to Trump's Tweet Claiming Bias in '60 Minutes' Segment

    Orion Pictures is expected to emerge from its Chapter 11 bankruptcy today as a newly reorganized company. It will function primarily as a library sales operation with plans to re-emerge in limited production and distribution. Although details of the company’s final closing were unavailable late yesterday, no appeals had been filed since the company’s confirmation […]

  • Music Theatre International

    Drew Cohen Named Global CEO of Music Theatre International

    Orion Pictures is expected to emerge from its Chapter 11 bankruptcy today as a newly reorganized company. It will function primarily as a library sales operation with plans to re-emerge in limited production and distribution. Although details of the company’s final closing were unavailable late yesterday, no appeals had been filed since the company’s confirmation […]

  • 'Daily Show's' Michelle Wolf to Host

    'Daily Show' Contributor Michelle Wolf to Host White House Correspondents' Dinner

    Orion Pictures is expected to emerge from its Chapter 11 bankruptcy today as a newly reorganized company. It will function primarily as a library sales operation with plans to re-emerge in limited production and distribution. Although details of the company’s final closing were unavailable late yesterday, no appeals had been filed since the company’s confirmation […]

  • Harvey Weinstein ousted

    Weinstein Co. Sued by Lindt Chocolatier Over Canceled Golden Globes Party

    Orion Pictures is expected to emerge from its Chapter 11 bankruptcy today as a newly reorganized company. It will function primarily as a library sales operation with plans to re-emerge in limited production and distribution. Although details of the company’s final closing were unavailable late yesterday, no appeals had been filed since the company’s confirmation […]

  • Pandora Shares Surge as Fourth-Quarter Subscription

    Pandora Shares Surge as Fourth-Quarter Subscription Revenue Climbs 63%

    Orion Pictures is expected to emerge from its Chapter 11 bankruptcy today as a newly reorganized company. It will function primarily as a library sales operation with plans to re-emerge in limited production and distribution. Although details of the company’s final closing were unavailable late yesterday, no appeals had been filed since the company’s confirmation […]

  • Eric Schneiderman

    Weinstein Co. Deal Moving Ahead After Three-Hour Meeting With Attorney General

    Orion Pictures is expected to emerge from its Chapter 11 bankruptcy today as a newly reorganized company. It will function primarily as a library sales operation with plans to re-emerge in limited production and distribution. Although details of the company’s final closing were unavailable late yesterday, no appeals had been filed since the company’s confirmation […]

More From Our Brands

Access exclusive content