STX Puts Rights to ‘Greenland’ in Chapter 11 Bankruptcy to Stay in Gerard Butler Business

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STX Puts Rights to ‘Greenland’ in Chapter 11 Bankruptcy to Stay in Gerard Butler Business
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Insiders familiar with STX said the bankruptcy filing was a strategic move to avoid a coup from the film’s co-producer Anton

Filed on Feb. 28 in Louisiana by ErosSTX President and General Counsel Noah Fogelson, the motion asks the bankruptcy court for relief in the form of time — time for STX to pay its creditors and to find the capital to co-finance and co-produce a sequel to the disaster movie, co-starring “Homeland” actress Morena Baccarin.

“FSO Jones is the entity that owns the global distribution rights in the sequel to our film ‘Greenland’ which had tremendous success both domestically and throughout the international markets.

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Variety /  🏆 108. in KR
 

STX CFO Andy Warren told investors in October 2020 that he was 100% certain they refinance their debt. Never happened and now they are cash broke. Great company!

There wasn't a lot of options during the time of its release from when I remember. Not sure this really warrants a sequel, spend an hour looking for their child's toothbrush this time 🤷‍♂️

The irony being this film does not need a sequel….

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