MEDIA & ENTERTAINMENT
From Times Staff and Wire Reports
AME Seeks Bankruptcy Protection: AME Inc., a leading provider of video post-production services for Hollywood studios, filed for Chapter 11 bankruptcy protection. The Burbank-based company has been hobbled by debt since 1989, when an investor group bought it for $108.5 million in a leveraged buyout. In its filing in U.S. Bankruptcy Court in Los Angeles, AME listed assets of $41 million and debts of $124 million. The filing came after AME failed to find someone to buy it.
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