NATPE traditionally holds its flagship conference event in Miami in January, with producers, station owners, syndicators and other major executives in the TV industry attending.
But over the past two years, the world has seen a spike in COVID-19 cases in January thanks to new variants of the virus that increase transmission, forcing NATPE to cancel those events. “These cancellations forced NATPE to operate on its financial reserves, which now require it to reorganize the NATPE business structure,” read a statement from the organization.
NATPE says that its bankruptcy filing will not affect its plans to hold events in 2023. Its January conference event is currently set to be held in Nassau, Bahamas, along with a summer marketplace in Budapest, Hungary in June.
Read more on thewrap.com
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