Toronto-based Lighthouse Immersive Inc., the venue operator for areas that hosted the Immersive Disney Animation expertise, has filed for creditor safety in Canada, in addition to a supplementary chapter submitting in the US. Lighthouse Immersive Studios, a subsidiary firm that produced the Disney expertise, isn’t experiencing any monetary difficulties and working as typical.
The U.S. Chapter 15 submitting was made in Delaware’s U.S. chapter court docket (case numbers 23-11021 and 23-11022). One of these submitting is ancillary to a world creditor submitting.
The corporate’s monetary woes have been foreshadowed final month when Lighthouse cancelled the Immersive Disney Animation expertise in Houston, postponed the L.A. launch, and abruptly shut down the exhibit in each Atlanta and Dallas. On the time, it was not identified that the corporate was experiencing monetary difficulties.
The corporate first attracted consideration for its immersive Van Gogh exhibit, and has since launched quite a lot of touring immersive reveals centered round King Tut, Monet, Klimt, and Frida Kahlo. Its Disney present, which premiered solely eight months in the past, was developed in collaboration with Walt Disney Animation Studios and showcased each basic and up to date Disney animated movies.
Per a report in Bloomberg, the corporate’s court docket submitting reveals that they’ve obtained financing to stay operational by chapter proceedings.
UPDATE: This story was up to date to mirror that venue operator Lighthouse Immersive Inc., and never present producer Lighthouse Immersive Studios, filed for creditor safety in Canada. Each firms are subsidiaries of Lighthouse Immersive.