Latest in Modern VideoFilm

Moshe Barkat, founder of Modern VideoFilm, ran the once-famous post-production house into the ground by systematically "looting" it into insolvency, according to court papers filed by Medley Capital, its main creditor and defendant in a $100 million fraud suit brought by Barkat that's set for trial next month. "Like…

The California Court of Appeal has denied an emergency motion by Medley Capital to stay the trial of a $100 million lawsuit filed by Moshe Barkat, founder of Modern VideoFilm, who claims he lost his company due to fraud. Once an industry leader, Modern VideoFilm provided postproduction and distribution services to the…

EXCLUSIVE: The legal battle over the dissolution of what had once been one of Hollywood's leading post-production houses is headed for trial. Bankruptcies, changing technologies and runaway postproduction have taken a major toll on LA-based post facilities in recent years, but Moshe Barkat, founder of Modern…

Moshe Barkat, the founder and former longtime president and CEO of Modern VideoFilm, has filed a $100 million fraud and breach of fiduciary duty lawsuit against Medley Capital, the company that took over the venerable postproduction house in 2014. The suit, filed today in Los Angeles Superior Court (read it here)…

L.A.-based postproduction house Point.360 has agreed to acquire Modern VideoFilm, the troubled post house whose day-to-day operations were taken over by the giant Deloitte Corporate Restructuring Group in October. “Modern VideoFilm has entered into a preliminary agreement to become part of Point.360," the companies…

Deloitte Corporate Restructuring Group, which specializes in reorganizing troubled companies, has taken over day-to-day operation of Modern VideoFilm. Scott Avila, a principal of Deloitte CRG, has been named CEO of the postproduction facility. He replaces Moshe Barkat, the company's founder, who was ousted as CEO and…

There's been a shakeup of senior management at one of Hollywood's top postproduction facilities. Modern VideoFilm founder Moshe Barkat is out as president and CEO, as is Hugh Miller, the company's CFO and second-ranking officer. Both men's names have been removed from the company's website listing of its management…