Plum TV (a.k.a "television for rich people") has filed for chapter 11 bankruptcy. This news shouldn't really shock anyone as the company has been struggling with its finances for quite a while now. However, what some may find surprising is that a buyer for the company's assets has already been found. The network will be purchased by a group of investors?including former Univision president and former Titan Worldwide chairman?that has pledged $1M so that Plum may continue its operations. We sincerely hope that this means the channel will start producing some fresh content. We can only watch Nick Leighton getting his fortune read so many times. [Previously, Variety]
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