Christal Films owes $12.5 million to its creditors, according to its bankruptcy trustee Raymond Chabot.
Christal, best known for releasing recent Quebec box-office hits including Les 3 p’tits cochons and A vos marques…Party!, filed for bankruptcy protection this spring.
Made public this week, the company’s list of 260 creditors includes Le Groupe Popcorn ($1,706,000), Maple Pictures ($1,493,000), Astral Media ($1,135,000), Wild Bunch Distribution ($980,000), Technicolor ($947,000), Telefilm Canada ($500,000) and Revenue Quebec ($460,000).
This summer, Seville Pictures picked up 27 films from the catalog of the troubled distributor.
Christal secured court protection from its creditors in mid-May, a year after it parted ways with its partners Maple Pictures and Lionsgate.
Maple and Lionsgate shifted the releasing of their titles in Quebec from their partnership with Larouche to rival Seville. As a result, Christal lost much of its product flow and bank financing.
Layoffs at the Montreal-based distributor followed, as Christal continued to lose titles, including Martin Gero’s Young People Fucking and Wong Kar-Wai’s My Blueberry Nights.
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This story has been corrected. It originally stated that Seville Pictures had hired Christal Films head Christian Larouche, but Entertainment One, Seville’s parent company, informs that is not the case.