Annapurna Interactive parent company Annapurna Pictures is seeking bankruptcy protection.
As reported by The Hollywood Reporter, multiple sources have told the outlet that a law firm is currently exploring options for the firm.
Signs that the company was in trouble started appearing last year when two high-profile projects were scrapped after already being commissioned. These included Jay Roach’s untitled Roger Ailes drama and a heist-driven film with Jennifer Lopez.
Following this, marketing president Marc Weinstock and film chief Chelsea Barnard departed their high-level roles, with a joint distribution venture announced with MGM that saw founder Megan Ellison relinquish partial control of the company.