IPic Entertainment Facing Cash Crunch, Late Debt Payments, and Potential Bankruptcy

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IPic Entertainment warned investors on Friday that it is facing a cash crunch that could push the theater chain into Chapter 11. In public filings, the company said that it had not been able to get…

IPic Entertainment warned investors on Friday that it is facing a cash crunch that could push the theater chain into Chapter 11. In public filings, the company said that it had not been able to get the funds it needed to pay a $10.1 million interest payment to the Retirement System of Alabama and [...]Newcomer Stephanie Cayo is set to join Mel Gibson and Kate Bosworth in the action movie “Force of Nature” with Michael Polish directing. Emile Hirsch is also on board to star.

The project is based on the 2017 book “Arthur: The Dog who Crossed the Jungle to Find a Home,” written by Mikael Lindnord, the captain of a Swedish adventure racing team. Lindnord met the wounded stray dog during a [...]With “Spider-Man: Far From Home” crossing the $1 billion worldwide box-office milestone, Sony is now looking to get the “Venom” sequel off the ground and executives recently met with a handful of new directing candidates.

 

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