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VIDANGEL INC: Court Approves Studios’ Disclosure Statement

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Judge Kevin R. Anderson has ordered that the Disclosure Statement filed by Disney Enterprises, Inc., et al. (collectively, “Studios”) contains adequate information and it is approved.

Solicitation of the holders of Claims in Classes 1 and 2 shall not be required, and no ballots need be delivered or mailed to the holders of Classes 1 and 2 under the Plan.

Solicitation of Class 3 will not be required, and the Studios shall not be required to cast a ballot concerning the Plan.

Accordingly, and pursuant to the Notice of Stipulated Procedures for Notification and Voting Procedures to Holders of Class 4 “Credit Holder” Claims and Class 5 Equity Interests, filed April 23, 2020 (“Stipulated Procedures”), the Studios and the Trustee will cooperate in disseminating the forms and emails attached as exemplars thereto and the hyperlinks referenced therein in a form conformed for voting on the Studios’ Plan.

The hearing to consider confirmation of the Studios’ Plan is scheduled for June 24, 2020 at 10:00 a.m., at the United States Bankruptcy Court at 350 South Main Street, Salt Lake City, Utah 84101, in Courtroom 376.

The deadline to vote on the Plan will be 4:00 p.m., prevailing Mountain Time, on the later of (a) June 8, 2020, or (b) the first business day that is at least 21 calendar days after the mailing or electronic delivery of Solicitation Packages.

Any objection to confirmation of the Plan must be filed and served on or before June 15, 2020, at 4:00 p.m. prevailing Mountain Time.

Attorneys for the Studios:

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
E-mail: mjohnson@rqn.com
E-mail: dleigh@rqn.com

– and –

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
E-mail: thomas.walper@mto.com
E-mail: kelly.klaus@mto.com
E-mail: rose.ehler@mto.com

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.

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