Utah's VidAngel files for bankruptcy, pausing court fight

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  • Kelly, San Diego, CA San Diego, CA
    Oct. 19, 2017 6:00 p.m.

    VidAngel should just shut down as soon as it can. It is a corporation. So no one is going to go to jail or lose their life savings (unless it was all invested in VidAngel). Everyone currently involved in VidAngel can form another corporation, make a clean start, apply the lessons learned from VidAngel and try again. Also by shutting down now, there is a chance to avoid judgments that might make it more difficult to pursue filtering in the future.

    A future company should offer filtering that gives a customer direct and complete control. It should be equally useful to someone who wants to filter the "bad parts" as well as someone who only wants to see the "bad parts." This company should only be about making technically feasible what the Family Movie Act envisioned. Leave to other companies, and or organizations to decide what should be filtered. This should be just about technology. VidAngel raised $10 million to litigate and is in bankruptcy and litigation. Can't help but wonder what a $10 million dollar technology development budget may have done

  • Esquire Springville, UT
    Oct. 19, 2017 10:22 a.m.

    A business built on violating copyrights. Even if there is a personal moral rationale, it's still built on violating the law and the property rights of others.

  • Jean Luke Salt Lake City, UT
    Oct. 19, 2017 6:18 a.m.

    VidAngel says they owe 4 million dollars to their former customers, according to their financials posted on Edgar.

    Filing for chapter 11 is to protect them from these customers who are their creditors. (The studios aren’t creditors because they don’t have a judgment against VidAngel yet).

    So basically, this is a move to prevent former customers from getting a refund for their credit. Seems like an abuse of bankruptcy laws, which would be criminal behavior.

    Any bankruptcy attorneys out their who can explain how this works?