Studio Arc Productions, gave the children all over the world multiplikatsionnyj series about the trains “Thomas and friends”, declared bankruptcy. Recently its representatives have submitted the relevant documents in Toronto, and yesterday the company Manager Tom Murray has collected five hundred of the company’s employees to report financial problems.
“At the moment we are faced with great financial problems, and despite the fact that the staff and the management of the company Arc Productions put a lot of effort to resolve the issues with our lender, we are unable to solve all our problems. I am very sorry that despite all efforts I was not able to overcome the crisis and apologize for this failure,” said Tom.
Now the company needs to introduce a temporary administrator to help with liquidation of the organization.