Rhythm & Hues Bidder Withdraws

March 19, 2013Article
The Hollywood Reporter

South Korea’s JS Communications has pulled out of being the stalking-horse bidder for embattled Rhythm and Hues, The Hollywood Reporter has learned. An auction to acquire the troubled VFX house is scheduled to happen next week, but in advance, the potential sale has taken a hit.

Financial advisory firm Houlihan Lokey, led by director Peter S. Fishman, was hired last month to serve as lead financial advisor in the sale of the company. Bob Baradaran and Brian L. Davidoff of Greenberg Glusker serve as legal counsel.

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