Cavalry Media Is In Bad Financial Straits
deadline.comEXCLUSIVE: The management/production company Cavalry Media appears to be circling the drain. We’re hearing that the company co-founded by Keegan Rosenberger and the recently exited Dana Brunetti is in financial chaos.
How desperate is it? The firm’s 14 person staffers have not been paid in months, and they have been without benefits for that long.
Some employees are owed as much as $50K to half million in backpay and commissions. While staffers have been promised by Rosenberger and Cavalry CFO Reed Rogers that more money is on its way in pending deals, they are tired of hearing excuses.
They believe the cavalry isn’t coming, and that the company has blown through a majority of its $14M seed funding. Legal suits to get backpay are mobilizing, Deadline hears.
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