PROVO, Utah (ABC4 Utah) – The Utah-based “clean viewing” company VidAngel, which allows users to filter adult content from movie and TV series, has filed Chapter 11 bankruptcy.
After a long legal battle with companies like Disney, 20th Century Fox and Warner Bros., the company has decided to act in what it says is its best interest.
The strategic move is to help protect the company and its investors as well as give the company time to prove that their system is legal.
The many lawsuits claim that the 2005 Family Movie Act that permits filtering in the home does not stem to modern technology devices.
Read VidAngel CEO, Neal Harmon’s entire statement:
“We have filed a petition for relief under Chapter 11. It’s an important step to protect our company—as well as its creditors, investors, and customers—from the plaintiffs’ efforts to deny families their legal right to watch filtered content on modern devices. It also gives us breathing room to reorganize our business around the new streaming platform, promote and perfect the new technology, and seek a legal determination that the new system is fully legal and not subject to the preliminary injunction entered in California.
“It’s important for our fans to know that VidAngel will continue to offer our filtering service, and to add new content and new customers during the reorganization process. We are also actively hiring additional engineers to further accelerate the continued development of VidAngel. Our original series, Dry Bar Comedy, is exploding and has had over 16 million minutes viewed in the last 7 days. Our customers can filter movies on Amazon, Netflix, and HBO on Amazon, and we still have millions in the bank to fight this all the way.”