cash-crunches

Multi-Million-Dollar Hole Threatens to Engulf Another Tormented Indie

STV · 06/02/08 01:25PM

As if the indie film climate wasn't poisonous enough with Picturehouse and Warner Independent biting the dust last month, another recent Oscar-winner is on life-support after a pair of lawsuits crashed down on it in the last week. Troubled distributor ThinkFilm, whose owner David Bergstein and corporate sibling Capitol Films have faced an infamous series of production stoppages over the last month, is now ensnared in a pair of lawsuits from ad media buyers claiming they're owed $4.5 million in outstanding fees. A troubling breakdown of the debts follows after the jump.