Sun Dec 14 08:30:00 UTC 2025: FOR IMMEDIATE RELEASE

Hollywood Post-Production Studio Gold Tree Studios Files for Bankruptcy, Relocates Operations

Los Angeles, CA – October 26, 2024 – Gold Tree Studios, a Los Angeles-based post-production company linked to the highly anticipated film “Lear Rex” starring Al Pacino and Jessica Chastain, has filed for Chapter 11 bankruptcy protection. The move comes despite a recent $1 billion financing deal secured by its parent company, Gold Tree, earlier this year.

The three-year-old studio, offering services ranging from editing and sound mixing to color grading, cited a decline in the volume of post-production projects in Los Angeles as the primary reason for the decision. According to Gold Tree’s general counsel, Joseph Simon, the parent company will be relocating its post-production facility to its studio location in Buffalo, New York. Simon assured that the Billion Dollar Debt Finance Deal remains in place.

“We were able to deliver exceptional post-production services through our LA location, including the collaboration on ‘Lear Rex,’ but over the last couple of years, the number of projects of this kind in LA have not been anywhere near the volume necessary to sustain this part of the business in our LA location,” Simon stated.

Gold Tree Studios filed for bankruptcy as a small business seeking protection under Subchapter V of Chapter 11, listing assets between $100,000 and $500,000 and liabilities between $1 million and $10 million.

Founded by entrepreneur Tim Chonacas and the late William Immerman, Gold Tree also encompasses Gold Tree Films, Gold Tree TV, and Gold Tree Podcasts. Chonacas managed to keep the studio afloat and expand it to Buffalo, NY and Vancouver Island, Canada despite the industry strikes. Gold Tree Studios’ LA facility provided post-production services for “Lear Rex,” a modern adaptation of Shakespeare’s “King Lear.”

Representatives for Malka Group, the global investment firm behind Gold Tree’s financing deal, have not yet responded to requests for comment. The status of “Lear Rex,” which does not yet have a release date, remains unaffected.

Read More