The executive producer of Brad Pitt’s latest film, “Killing Them Softly”, recently declared bankruptcy, filing Chapter 11. Inferno International’s bankruptcy comes on the heels of a large judgment against the company. The judgment arose out of litigation surrounding the 2005 romantic comedy “Just Friends” which featured star Ryan Reynolds. Inferno’s most famous film to date is Oscar-nominated and Golden Globe winning “The Kids Are All Right”. Inferno’s credits include the Directors Guild of America, the Screen Actors Guild and a former company partner. The Chapter 11 filing will allow the movie company to restructure its debt. An Inferno court filing stated that the Chapter 11 filing will allow the company “to sort out the numerous claims, disputes and litigation involving their businesses and assets” and plans to emerge as “a stronger and healthier business enterprise.”
Inferno International was formed in 2008. It is in the business, along with related companies, of licensing and distributing rights to movies in foreign countries. It also arranges financing for movie productions by working with banks and private equity firms.
The film “Killing Them Softly” is based on a 1974 novel by George Higgins entitled “Cogan’s Trade”. The film also stars James Gandolfini and is scheduled to be released in October 2012. The Weinstein Co. will distribute the film in North America.