Kast is happy to announce the affirmation of its Chapter 11 plan of restructuring. The plan was confirmed with overwhelming assist, and roughly 85% approval by each declare worth and variety of collectors voting in favor.
“This marks a significant milestone for Kast,” mentioned Colin Tomson, founding father of Kast Media. “We walked by means of a difficult time. The Chapter 11 course of was closely scrutinized. We welcomed the scrutiny. We’ve discovered rather a lot, and we’re higher for it.”
“We’re tremendously grateful to our companions and stakeholders for his or her unwavering assist, and we’re now getting into the following section with readability, momentum, and new content material already underway.”
Regardless of the complexity of the method, Kast’s streamlined operations continued to carry out all through the chapter, and the corporate maintained operational profitability web of restructuring prices in the course of the interval.
The corporate’s content material and promoting enterprise stays robust and rising, with new initiatives and partnerships already rising income, productions in growth with main streaming platforms, and a strong slate of latest content material within the pipeline.
With the reorganization behind it, Kast is getting into a brand new section centered on creator-service innovation, enlargement, and delivering industry-leading storytelling.
About Kast Media
Kast Media is a number one podcast studio and community recognized for premium, genre-defining unique storytelling. With a slate of critically acclaimed reveals, Kast blends cinematic storytelling with the immediacy of podcasting.
Based by Colin Thomson, the corporate has renewed deal with transparency and long-term creator empowerment, and is constructing a stronger, extra resilient future media ecosystem by means of revolutionary content material and {industry} reform.
