Sirius Media: Subsidiary Seeks Judicial Reorganization
Sirius Media Production, a subsidiary of the publicly traded company Sirius Media, has applied to the Paris Economic Activities Court for judicial reorganization. Following unsuccessful debt negotiations with creditors, the company seeks to place itself under judicial protection to restructure its debt.
Judicial Reorganization Request Submitted
Sirius Media has announced that its subsidiary, Sirius Media Production, has filed for judicial reorganization with the Paris Economic Activities Court. This move comes after failed negotiations with creditors regarding the subsidiary's debt. The court is expected to make a decision on this application on April 14, 2026. The company has sought this judicial protection to conduct its negotiations with creditors in a structured environment and to reorganize its financial structure.
Experienced Advisory Team Appointed
Sirius Media Production has appointed a team of experienced advisors to lead the negotiations alongside the management. The subsidiary's shareholders have committed to supporting the financial needs of the company during the observation period, through the provision of liquidity in the form of shareholder current accounts. The subsidiary continues to operate its audiovisual production business, fulfill its contractual commitments to clients, partners, and collaborators, and successfully carry out its ongoing projects.
Procedure Strictly Involves the Subsidiary
Sirius Media clarifies that this procedure strictly involves its subsidiary Sirius Media Production and does not affect the listed parent company or its Triple A subsidiary. The initiation of this procedure does not interrupt the activities of Sirius Media Production. The parent group continues to roll out its new strategy and its debt reduction program, as previously announced. The group will keep its shareholders informed of the developments in this procedure.
