Gene Maddaus Senior Media WriterBron Studios, the production company that churns out highbrow fare alongside studio films, was sued on Wednesday for allegedly misusing loan proceeds and failing to repay $14 million to an investor.Hudson Private LP filed the suit in federal court in New York.
Hudson has invested in numerous Bron titles and alleges that the company has failed to meet its obligations with respect to four of them: “Bombshell,” “Capone,” “The Survivor” and “Greyhound.”Hudson also sued Creative Wealth Media, a Toronto-based film finance company which is the key backer of Bron Studios, as well as Creative Wealth’s managing partner, Jason Cloth.
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