Atlanta's Areu Studios Files for Chapter 11 Bankruptcy
Tuesday, November 3rd, 2020
Atlanta's Areu Studios LLC has filed for Chapter 11 bankruptcy.
The film studio, founded by Ozzie Areu, former president of Tyler Perry Studios in Atlanta, filed for reorganization on Oct. 29 in U.S. Bankruptcy Court in Atlanta. In Chapter 11, a business continues to operate while it attempts to reorganize its debts. Areu Studios reported assets of $50,000 or less and liabilities of $1 million to $10 million dollars. (Read the filing here.)
Read More at Atlanta Business Chronicle.
