NATPE files for Chapter 11
October 4, 2022
By Chris Forrester
The National Association of Television Program Executives (NATPE) is filing a court petition to restructure its business affairs under Chapter 11 bankruptcy.
NATPE has cited the pandemic and being forced to cancel its flaghip trade show in 2021 and again in 2022 (replacing them with virtual events), and an event in Miami earlier this year.
NATPE said in a statement: “NATPE is looking at all possible options to restructure, including raising funds through strategic alliances, and continue to operate NATPE as a more streamlined and reorganised operation.”
Its upcoming annual conference in the Bahamas in January 2023 is currently still going ahead., and a Budeapest event in June 2023 is also still scheduled to take place.
“For almost 60 years, NATPE has been the leading global professional association for content producers, distributors, developers, streamers and buyers across all distribution platforms,” the group’s statement added. “NATPE is optimistic that it will emerge from the reorganisation process in the same position.”