The Board of Goodbye Kansas Group AB (the Company or Goodbye Kansas Group) has today decided to declare bankruptcy for its subsidiaries Goodbye Kansas Studios AB, Goodbye Kansas Holding AB, Virtual Brains AB, Goodbye Kansas Infinite AB and Previble AB. The strikes in Hollywood have since the beginning of May 2023 halted productions for the film and TV-industry, which accounts for approximately 50 percent of the Companys sales, and this has created an unsustainable financial situation for Goodbye Kansas Group. As a consequence, the Board believes that the five subsidiaries do not have sufficient liquidity for their short-term working capital needs, and that the Companys total indebtedness is unsustainable in the long term. The listed par…
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