Thursday, June 24, 2021

Southeast Film, Inc. Bankruptcy Proceedings 1997

 


The Caswell Messenger July 16, 1997

Officers of Southeast Film, Inc., pose in front of the US Bankruptcy Court in Greensboro, NC, after a federal judge gave them the go-ahead to restart the movie studios in Yanceyville.


Left-to-Right: Darrell Russell, Lee Farmer, Arnold Rogers, Tom Kirkpatrick, and Carlyle Wimbish.

_______________

Southeastern Film Inc. was once called Magder Entertainment Corp. Canadian filmmaker Zale Magder turned 315 acres in downtown Yanceyville, less than an hour's drive from Greensboro, into four large sound stages meant to attract the likes of Jodie Foster and John Travolta.

All this commotion arose in a rural county with no movie theater and one hotel.

Magder Entertainment opened in April 1996. In less than six months, after ``Last Lives,' a movie that went straight to video, and nine commercials, Magder Entertainment went belly up, with $52 left to spend and more than $2 million to pay.

Tom Kirkpatrick, shown above, was hired to turn around the bankrupt Southeastern Film, Inc.

Below is an aerial view of the studio buildings.




No comments:

Post a Comment