Hollywood post-production firm tied to Al Pacino project files for Chapter 11 after parent company touted $1B financing

• Gold Tree Studios, a Hollywood post-production company, filed for Chapter 11 bankruptcy.
• The move comes after the firm's parent company said it obtained $1 billion in financing to grow.
• The firm provided post-production services for the coming film, "Lear Rex," starring Al Pacino.

A Hollywood post-production company tied to the upcoming film "Lear Rex" starring Al Pacino and Jessica Chastain filed for bankruptcy protection on Tuesday.

Gold Tree Studios, a three-year-old firm offering post-production rental suites, editing, sound mixing, color grading, and more, filed for Chapter 11 reorganization just months after its parent company announced a $1 billion financing deal intended, in part, to grow the studio.

"This investment expands our studio footprint & production slate, bringing more jobs & opportunities to LA and beyond," Gold Tree Studios wrote in a March X post about the lump sum its parent company, Gold Tree, secured from the global investment firm Malka Group.

Gold Tree Studios filed for bankruptcy as a small business seeking protection under Subchapter V of Chapter 11.

The filing, submitted in federal California bankruptcy court, shows that the firm — one of several subsidiaries that make up Gold Tree — holds between $100,000 and $500,000 in assets and between $1 million and $10 million in liabilities. The company also listed between 1 and 49 creditors.

It was not clear from the bankruptcy court filings what led to Gold Tree Studios' financial troubles.

Representatives for the company, as well as its bankruptcy attorney, did not immediately return requests for comment by Business Insider on Wednesday. Representatives for Malka Group also did not immediately return a request for comment.

Gold Tree was founded by entrepreneur Tim Chonacas, who also serves as the company's CEO, and late veteran Hollywood executive William Immerman.

The pair launched the company's film production arm, Gold Tree Films, in 2018 and Gold Tree Studios in 2022, with its flagship location on the Sunset Strip in West Hollywood. Gold Tree's other subsidiaries include Gold Tree TV and Gold Tree Podcasts.

"The cutting edge facility set a new standard for post-production services," the company's website says about Gold Tree Studios. "Despite industry strikes, Chonacas kept the studio afloat and expanded to Buffalo, NY, and Vancouver Island, Canada."

The facility provided post-production services for the forthcoming Bernard Rose-directed flick "Lear Rex," an adaptation of William Shakespeare's "King Lear," Deadline previously reported.

In the film, which does not yet have a release date, Pacino stars as King Lear. The cast also includes Ariana DeBose, Peter Dinklage, Rachel Brosnahan, Stephen Dorff, and Danny Huston.