LOS ANGELES, Oct. 11, 2017 /PRNewswire/ — Point.360 (OTC-Pink: PTSX), a leading provider of integrated media management services, announced today that it has filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Central District of California (the “Bankruptcy Court”). The Company intends to use the filing to reorganize its capital structure and gain access to liquidity, reduce costs and liabilities, optimize its operations and locations to meet customer demands and create the most value for stakeholders. The Company is considering all possible options for maximizing stakeholder value, including further consolidation of facilities. The Company …
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