{"id":99538,"date":"2019-09-02T15:06:00","date_gmt":"2019-09-02T15:06:00","guid":{"rendered":"http:\/\/www.gamasutra.com\/view\/news\/349872"},"modified":"2019-09-02T15:06:00","modified_gmt":"2019-09-02T15:06:00","slug":"report-annapurna-interactive-parent-company-wipes-200-million-in-debt","status":"publish","type":"post","link":"https:\/\/sickgaming.net\/blog\/2019\/09\/02\/report-annapurna-interactive-parent-company-wipes-200-million-in-debt\/","title":{"rendered":"Report: Annapurna Interactive parent company wipes $200 million in debt"},"content":{"rendered":"<p>The future of <em>Florence<\/em>, <em>Gorogoa<\/em>, and <em>Donut County<\/em> publisher Annapurna Interactive looks secure after parent company Annapurna Pictures settled over $200 million in debt.&nbsp;<\/p>\n<p>At the start of August it was reported that Annapurna Pictures was <a href=\"https:\/\/www.gamasutra.com\/view\/news\/348310\/Report_Parent_company_of_publisher_Annapurna_Interactive_is_exploring_bankruptcy.php\">flirting with bankruptcy<\/a> after losing cash on a series of movie releases and scrapped projects, which in turn cast the future of its games division Annapurna Interactive into doubt.&nbsp;<\/p>\n<p>Now, however, insiders &#8220;close to the matter&#8221; have&nbsp;<a href=\"https:\/\/variety.com\/2019\/film\/news\/annapurna-resolves-more-than-200-million-in-debt-pushes-ahead-without-banks-exclusive-1203314214\/\">told Variety<\/a>&nbsp;the studio has agreed a deal that will see participants in the company&#8217;s revolving credit facility receive roughly $0.82 on the dollar to wipe its debt.&nbsp;<\/p>\n<p>To avoid a repeat scenario, Annapurna Pictures will apparently now&nbsp;look to finance projects on a case-by-case basis, and will not seek a new line of credit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The future of Florence, Gorogoa, and Donut County publisher Annapurna Interactive looks secure after parent company Annapurna Pictures settled over $200 million in debt.&nbsp; At the start of August it was reported that Annapurna Pictures was flirting with bankruptcy after losing cash on a series of movie releases and scrapped projects, which in turn cast [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":99539,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-99538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/99538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/comments?post=99538"}],"version-history":[{"count":0,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/99538\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media\/99539"}],"wp:attachment":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media?parent=99538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/categories?post=99538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/tags?post=99538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}