The independent studio that produces the popular Twilight series said Thursday in a court filing that Blockbuster Inc. is a week late on its initial $1.6 million payment for $9.5 million worth of DVDs.
Summit Distribution LLC filed a motion asking that the Dallas-based movie rental chain’s Chapter 11 reorganization be converted to a Chapter 7 liquidation.
Blockbuster filed for bankruptcy last September under a prearranged agreement with its senior secured lenders.
Summit said Blockbuster received routine 60-day credit terms for copies of Summit’s second-biggest title last year, The Twilight Saga: Eclipse, and other movies.
~Robstenfan
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