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Rive Gauche Television, which merged with AfterShock Comics to form AfterShock Media in 2020, has filed for Chapter 11 bankruptcy.

The National Association of Television Program Executives (NATPE) announced that it will file a court petition to restructure its business affairs with the Bankruptcy Court under Chapter 11 of the Bankruptcy Code.

The extraordinary and compelling story of how John Darwin faked his own death to claim life insurance and avoid bankruptcy will be told in a new ITV drama, “The Thief, His Wife and the Canoe”.

The fundings serve as fresh investment capital, given since Mid-December of 2020. The theaters will use the money to establish a plan to reopen.

The company gathered roughly $5 billion in debt at the end of 2019 and $149 million in losses. Now it has had to furlough 24,000 employees, including its CEO, Adam Aron.