Bron Media Corp. et al., CCAA

Bron Media Corp. et al. (collectively, “Bron Media”), a digital animation, gaming and live-action production company based in British Columbia, obtained CCAA protection on July 19. Mandatory stay-at-home orders and facility closures during the COVID-19 pandemic caused the business to become increasingly unstable, such that Bron Media’s employees worked on reduced salaries and perks. Even when theatres eventually reopened and completed delayed productions were released, none of Bron Media’s films achieved their projected revenues. In addition, the writers’ strike adversely impacted Bron Media’s operations. Attempted refinancings were unsuccessful and operating losses continued, with liabilities reaching in excess of $420 million. Bron Media has sought recognition of its CCAA proceedings in the US. Grant Thornton was appointed Monitor, represented by Cassels. Miller Thomson is counsel for Bron Media, Bennett Jones is counsel for Creative Wealth Media Finance Corp. and Creative Wealth Media Lending Inc., while Blaney McMurtry is litigation counsel for those parties, and Blakes is counsel for Access Road Capital.

By: Dina Milivojevic