Panavision in dire financial straits

[vanvideo]

Is it possible this icon of the film world will disappear?

http://news.doddleme.com/equipment/panavision-sued-over-unpaid-loans/


So, unless Panavision can find a way to rebound from its current financial woes, the company may end up being gobbled up by its creditors for a measly $1.7 million dollar judgement. And usually, when that happens, it gets broken up and sold off.

 

[Paul Hudson]

I feel confident they will come up with 1.7 as their assets are much larger than this debt. If not, who knows.