Dade Hayes Finance EditorVidAngel, the Utah-based streaming outfit that shut down in 2016 after a judge ruled against its methods of altering and distributing content from Disney and Warner Bros, has found new life.The company said today it has emerged from bankruptcy after whittling down a $62.4 million judgment to a $9.9 million payout to the studios that will be stretched out over 14 years.
Utah Bankruptcy Court Judge Kevin R. Anderson approved the settlement.VidAngel grew by using DVDs to edit out profanity, nudity and violence from movies and TV series on Netflix, Amazon Prime and HBO and then streaming them to its customers.
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