You may know of Annapurna Interactive from the world of games, but Annapurna Pictures is another branch, with Variety reporting that this company in particular has resolved over $200 million USD in debt, according to alleged insiders.
"Participants in the studio's revolving credit facility will receive roughly $0.82 on the dollar to cure more than $200 million in debt," according to sources in the report, with the deal allegedly being closed in the last few days.
Financing partners will be sought out by Annapurna on a case-by-case approach, or financed by CEO Megan Ellison, and this news comes after reports that they could be facing Chapter 11 bankruptcy due to their debts.
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