Off the Fence has entered bankruptcy proceedings, with parent company ZDF Studios noting that despite \u201cintensive support… it has not yet been possible to put the company back on a financially and structurally sound footing.<\/p>\n
On June 6, the Netherlands-based factual producer and distributor filed for a suspension of payments, with an administrator subsequently converting that motion into a bankruptcy proceeding.<\/p>\n
\u201cThe trustee will now manage the further development of the situation, which will determine the company’s next steps regarding production and the exploitation of the existing programming rights,\u201d ZDF Studios said.<\/p>\n
ZDF Studios has been Off the Fence’s sole owner since January 2019. \u201cDue to the effects of the long-standing global industry weakness, Off the Fence has increasingly found itself in financial difficulty,\u201d a statement from ZDF Studios said. \u201cDespite intensive support from the shareholder and external experts, as well as financial support from ZDF Studios and the principal banker, it has not yet been possible to put the company back on a financially and structurally sound footing.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Off the Fence has entered bankruptcy proceedings, with parent company ZDF Studios noting that despite “intensive support… it has not yet been possible to put the company back on a financially and structurally sound footing.”<\/p>\n","protected":false},"author":290,"featured_media":23247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":0,"footnotes":""},"categories":[69],"tags":[760,6212],"class_list":["post-23246","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-top-stories","tag-off-the-fence","tag-zdf-studios","pmpro-has-access"],"yoast_head":"\n