Bankrupt Kodak said in court filing this week that it wants its name taken off the Kodak Theatre at Hollywood & Highland, the home of the Academy Awards since 2001. The company said the move to relinquish naming rights will save it serious cash as it begins bankruptcy proceedings after filing for Chapter 11 protection earlier this month. “The debtors have evaluated the contract in consultation with their professional advisers and determined that any benefit related to these rights likely does not exceed or equal the debtors’ costs associated with the contract,” according to court documents filed Tuesday. This year’s Oscars are February 26, and it remains unclear whether Kodak’s name will be on the theater’s front doors at that time.
WSJ: Kodak Wants Name Off Oscar Venue
What's Hot on Deadline
'The Last Jedi' Now Opening To $220M: How Disney Continues To Win With The 'Star Wars' Franchise - Update
'Star Wars: The Last Jedi' Skyrockets To $230M Overseas, $450M Global Bow - International Box Office
Harvey Weinstein Again Denies Blackballing Actresses: Says He Wanted Ashley Judd For 'Good Will Hunting'
Latest Awardsline News
- ‘Darkest Hour’ Is Gary Oldman’s “Man On A Mission” Movie
- Jake Gyllenhaal’s Fight To Mount ‘Stronger’ And Play A Real-Life Superhero
- Notes On The Season: Jeff Bezos Throws A ‘Big Sick’ Party, Praises ‘The Post’; Oscar And Tony Winners Pasek And Paul Are Truly…
- ‘Detroit’ Breakout Algee Smith On Michigan Mayhem & Kathryn Bigelow: “A Leader That’s Not Afraid To Trust”…
- ‘Wonder Wheel’ Production Designer On The Artist Who Has Breathed New Life Into Woody Allen’s Films
- ‘Dunkirk’ & ‘Orient Express’ Star Kenneth Branagh On Poirot’s Personality & Christopher Nolan’s…