VidAngel Says Chapter 11 About Buying 'Breathing Space' in Copyright Fight

With content companies seeking to enjoin VidAngel's streaming-based business model (see 1708240017), the company "requires the breathing space" that comes with an automatic stay under the Bankruptcy Code for the reorganization, Finance Director Patrick Reilly said in a docket 17-29073 U.S. Bankruptcy Court declaration (in Pacer) filed Wednesday as VidAngel filed for Chapter 11 bankruptcy protection. The bankruptcy filing lists $535,000 worth of unsecured claims to various vendors.