Deborah D. McAdams /
06.21.2013 03:16 PM
‘Inside Actors Studio’ Distributor CableReady Files for Bankruptcy
Company failed to find a buyer
NORWALK, CONN. — CableReady, the international television program distribution and development company, announced today that the company has filed for protection under Chapter 11 of the United States Bankruptcy Code in United States Bankruptcy Court for the District of Connecticut in Bridgeport, Conn.
“I am saddened,” said CableReady President and CEO Gary Lico. “The company explored every possible alternative to avoid filing for Chapter 11, which included an extensive search to find a buyer for CableReady. However, due to industry consolidation, mergers and acquisitions of production companies, larger competitors paying higher and higher advances for programming or networks retaining all rights, and the uncertain global economy squeezing independent companies like ours—CableReady was left with no choice but to seek protection. Enduring these hurdles we made significant changes to the organization and yet still maintained the industry leading level of service while assuring high integrity and a fun atmosphere.”

CableReady’s programming includes “Inside the Actors Studio,” which plays on Bravo in the United States and is distributed in 100 countries; “Live From Lincoln Center,” “Forensic FIles” on TruTV and several others.
In 2012,  CABLEready opened its first new office since the company was formed in 1992. The New York office served as a metropolitan base for the Norwalk, Conn.-based company to expand its activities involving the East Coast production community, cable networks and multi-platform program buyers.

Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found

Thursday 11:07 AM
The Best Deconstruction of a 4K Shoot You'll Ever Read
With higher resolutions and larger HD screens, wide shots using very wide lenses can be a problem because they allow viewers to see that infinity doesn’t quite resolve into perfect sharpness.

Featured Articles
Discover TV Technology