Court to toon house: Cough up cash

TORONTO — Canadian animation house Lacewood Prods. will be declared bankrupt unless it has paid off its C$2.4 million ($1.7 million) in loans to Paragon Entertainment Corp. by July 23.

The Ontario Court (General Division) in Bankruptcy made the ruling Monday in a legal dispute over the terms of an agreement under which Toronto-based Paragon was to raise its interest to 75% of the entire Lacewood group of companies from 50% of a joint venture.

Lacewood’s troubles began last month, when Paragon called its loan instead of closing the deal. Earlier, Paragon had sent in a receiver, with Lacewood’s approval, to monitor the company’s reorganization.

More TV

  • IT Crowd

    NBC Developing 'IT Crowd' Remake With Original Series Creator Graham Linehan (EXCLUSIVE)

    TORONTO — Canadian animation house Lacewood Prods. will be declared bankrupt unless it has paid off its C$2.4 million ($1.7 million) in loans to Paragon Entertainment Corp. by July 23. The Ontario Court (General Division) in Bankruptcy made the ruling Monday in a legal dispute over the terms of an agreement under which Toronto-based Paragon […]

  • Hasan Minhaj

    TV News Roundup: Hasan Minhaj Joins NBC's 'Champions' in Guest Role (EXCLUSIVE)

    TORONTO — Canadian animation house Lacewood Prods. will be declared bankrupt unless it has paid off its C$2.4 million ($1.7 million) in loans to Paragon Entertainment Corp. by July 23. The Ontario Court (General Division) in Bankruptcy made the ruling Monday in a legal dispute over the terms of an agreement under which Toronto-based Paragon […]

  • Sony's Tony Vinciquerra: Disney-Fox 'Creates Opportunities'

    Sony's Tony Vinciquerra: Disney-Fox 'Creates Opportunities'

    TORONTO — Canadian animation house Lacewood Prods. will be declared bankrupt unless it has paid off its C$2.4 million ($1.7 million) in loans to Paragon Entertainment Corp. by July 23. The Ontario Court (General Division) in Bankruptcy made the ruling Monday in a legal dispute over the terms of an agreement under which Toronto-based Paragon […]

  • Mayweather McGregor fight

    Floyd Mayweather-Conor McGregor Fight Is Second Biggest Pay-Per-View of All Time

    TORONTO — Canadian animation house Lacewood Prods. will be declared bankrupt unless it has paid off its C$2.4 million ($1.7 million) in loans to Paragon Entertainment Corp. by July 23. The Ontario Court (General Division) in Bankruptcy made the ruling Monday in a legal dispute over the terms of an agreement under which Toronto-based Paragon […]

  • What Disney Bought in the Fox

    What Disney Bought: A Billion-Dollar Breakdown of Assets

    TORONTO — Canadian animation house Lacewood Prods. will be declared bankrupt unless it has paid off its C$2.4 million ($1.7 million) in loans to Paragon Entertainment Corp. by July 23. The Ontario Court (General Division) in Bankruptcy made the ruling Monday in a legal dispute over the terms of an agreement under which Toronto-based Paragon […]

  • Actor Dustin Hoffman poses for photographers

    Dustin Hoffman Accused of Exposing Himself to a Minor, Assaulting Two Women (EXCLUSIVE)

    TORONTO — Canadian animation house Lacewood Prods. will be declared bankrupt unless it has paid off its C$2.4 million ($1.7 million) in loans to Paragon Entertainment Corp. by July 23. The Ontario Court (General Division) in Bankruptcy made the ruling Monday in a legal dispute over the terms of an agreement under which Toronto-based Paragon […]

  • conde-nast-entertainment

    Paramount TV, Anonymous Content Set First-Look Deal With Condé Nast Entertainment

    TORONTO — Canadian animation house Lacewood Prods. will be declared bankrupt unless it has paid off its C$2.4 million ($1.7 million) in loans to Paragon Entertainment Corp. by July 23. The Ontario Court (General Division) in Bankruptcy made the ruling Monday in a legal dispute over the terms of an agreement under which Toronto-based Paragon […]

More From Our Brands

Access exclusive content