Digital Domain Media Group filed with the U.S. Bankruptcy Court monthly operating report for August 2014. For the period, the Company reported a net loss of $1.2 million on zero net revenue. The Company paid $256,968 in professional fees and $257,116 in total reorganization expenses during August 2014. Cash at the beginning of the month was $5.16 million and $5.17 million at month’s end, with net cash flow of $10,963.
About Brandy Chetsas
Brandy L. Chetsas is editor in chief at Bankrupt Company News. She joined New Generation Research, Inc. in 1998. As Director of Strategic Content, she leverages 20+ years of communications and project management experience for the distressed investing sector--with particular expertise on corporate restructurings via Chapter 11. Brandy began her career writing for a law enforcement-related publication and teaching English courses at numerous colleges in the U.S. and abroad.