Egoli Tossell to Emerge From Insolvency
COLOGNE, Germany – Production house Egoli Tossell Film, whose credits include the Golden Globe-winner Carlos and Oscar-nominated The Last Station, is back from the brink.
On Friday, Egoli Tossell’s creditors voted, nearly unanimously, to back a restructuring plan that will allow the Berlin-based company to emerge from the German version of Chapter 11 bankruptcy. Egoli Tossell filed for insolvency protection in January last year after being caught in a cash crunch. In May, media financing group Film House Germany acquired a majority stake in Egoli Tossell with an eye to restructuring the company.
That plan took a major step forward with Friday’s vote, which will allow Egoli Tossell to emerge from insolvency and restructure without a loss of jobs or major delays in any of their ongoing projects.
Since the Film House takeover, Egoli Tossell has boosted its international profile, coming on board a number of productions as a co-producer, including Ron Howard’s Formula One period drama Rush starring Chris Hemsworth and Daniel Bruhl and Filth, the Irvine Welsh adaptation featuring James McAvoy, Jamie Bell and Eddie Marsan.
Egoli Tossell is also well into pre-production on its in-house feature Hector and the Search for Happiness, an adaptation of Francois Lelord’s global bestseller, which Peter Chelsom (Serendipity) will direct and Simon Pegg is attached to star in.