Disney Enterprises, Inc., Lucasfilm Ltd. LLC, Twentieth Century Fox Film Corporation, Warner Bros. Entertainment Inc., MVL Film Finance LLC, New Line Productions, Inc. and Turner Entertainment Co. object to the Trustee’s Second Amended Disclosure Statement, and request that the Court deny the Motion for Approval.
The Studios argue that approval should be denied for these reasons:
* The Trustee Does Not Disclose Any Estimate Of The Costs To Litigate the Legality Of The DVR Model.
* The Trustee Does Not Disclose The Plan Administrator Lien And Other Plan Supplement Documents.
* The Trustee does not provide sufficient information regarding the form and substance of all ballots he proposes to send to creditors and equity holders.
The Studios request the Court deny approval of the Trustee’s Second Amended D.S. and solicitation procedures. If the Court permits the Trustee’s Plan to move forward at this time, the Studios request the Court set a disclosure and discovery schedule.
A full-text copy of the Studios’ objection to Trustee’s disclosure statement dated April 21, 2020, is available at https://tinyurl.com/y939gh43 from PacerMonitor at no charge.
Attorneys for the Studios:
Thomas B. Walper
Kelly M. Klaus
Rose Leda Ehler
Munger, Tolles & Olson LLP
350 South Grand Avenue, 50th Floor
Los Angeles, California 90071-3426
Telephone: (213) 683-9100
Facsimile: (213) 687-3702
– and –
Michael R. Johnson, Esq.
David H. Leigh, Esq.
Ray Quinney & Nebeker P.C.
36 South State Street, 14th Floor
Salt Lake City, Utah 84111
Telephone: (801) 532-1500
Facsimile: (801) 532-7543
About Vidangel Inc.
Based in Provo, Utah, VidAngel, Inc., is an entertainment platform empowering users to filter language, nudity, violence, and other content from movies and TV shows on modern streaming devices such as iOS, Android, and Roku. The company’s newly launched service empowers users to filter via their Netflix, Amazon Prime, and HBO on Amazon Prime accounts, as well as enjoy original content produced by VidAngel Studios. Its signature original series, Dry Bar Comedy, now features the world’s largest collection of clean standup comedy, earning rave reviews from fans nationwide.
VidAngel filed a Chapter 11 petition (Bankr. D. Utah Case No.17-29073) on Oct. 18, 2017. In the petition signed by CEO Neal Harmon, the Debtor was estimated to have $1 million to $10 million in both assets and liabilities.
Judge Kevin R. Anderson oversees the case.
The Debtor tapped Parsons Behle & Latimer, as bankruptcy counsel; Durham Jones & Pinegar, Baker Marquart LLP, Stris & Maher LLP and Call & Jensen, P.C. as special counsel; and Tanner LLC as auditor and advisor. The Debtor also hired economic consulting expert Analysis Group, Inc.
George Hofmann was appointed as the Debtor’s Chapter 11 trustee. Cohne Kinghon, P.C. is the Trustee’s bankruptcy counsel. The Trustee also hired Call & Jensen, P.C., TraskBritt, P.C., Call & Jensen, P.C., and Magleby Cataxinos & Greenwood, P.C. as special counsel.