By Jake Kanter
EXCLUSIVE: Kew Media Distribution’s collapse has left more than 250 of its clients £10.8M ($13.4M) out of pocket, according to a report that lays bare the financial damage of the TV and film sales house’s demise.
Kew Media Distribution’s parent company Kew Media Group went bust in February, but warning lights were flashing well before the crash, as the distribution arm’s clients complained about being owed royalties.
Now, a report by Kew Media Distribution’s administrator FTI Consulting has revealed that the company owed nearly £11M to producers and other clients all over the world, including Netflix and CNN.