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Asked 1 year, 8 months ago
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Will Yari distribution bounce back after Chapter 11 bankruptcy?

The Yari Film Group's distribution division has been forced into involuntary bankruptcy, according to the company's CEO, Bob Yari. Four creditors took action against the company, forcing the Los Angeles division of United States Bankruptcy Court to order Yari's releasing arm into Chapter 11, forcing it to reorganize. The company is disputing the debts.

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5 Quotes

Quotes

Yes

Bob Yari
Business Leader

“Our goal is to aggressively work toward reorganizing our debt so that we can become a stronger company...In the meantime, our production arms are distinct entities with separate financing which remain unaffected by the legal proceedings.”

0 Agree •
1 Disagree •
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Quoted 1 year, 8 months ago by sdotc

No

Katey Rich
Managing Editor, Cinema Blend

“...Yari, one of the few independent studios not shielded by a larger studio, is surely in big trouble, and may not be part of the film distribution scene much longer.”

1 Agree •
0 Disagree •
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Quoted 1 year, 8 months ago by sdotc

Alex Billington
President / Executive Editor, First Showing

“I'll continue to say that the two reasons why companies like Yari Film Group...have collapsed are: first off, they decide to release so many terrible throwaway films, and second, because their staff is made up of people who really don't understand marketing or distribution.”

0 Agree •
1 Disagree •
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Quoted 1 year, 8 months ago by sdotc

General Comments

Claudia Eller
Columnist

“YFG employs about 65 people. It is unknown how many will be let go.”

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0 Disagree •
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Quoted 1 year, 8 months ago by sdotc

Borys Kit and Jay A. Fernandez
Columnists for The Hollywood Reporter

“Yari blamed the tightening credit markets and the earlier bankruptcy of payroll company Axium, which according to Yari swept millions of dollars from its payroll accounts, as a "perfect storm" that sunk the company financially.”

1 Agree •
0 Disagree •
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Quoted 1 year, 8 months ago by sdotc

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