Mood Media Corporation

Case No. 20-33768


Case Background

Mood Media has taken the expected next step to implement the “prepackaged” financial restructuring plan that will reduce the Company’s debt by approximately $404 million, thereby positioning the Company with the financial flexibility necessary for long-term success. Mood Media and certain of its subsidiaries have voluntarily filed for reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. The Company’s international subsidiaries are not part of the Chapter 11 filing.

As previously announced on June 26, 2020, the Company entered into a comprehensive restructuring support agreement (the “RSA”) with certain of its lenders, noteholders, and equity sponsors on the terms of the prepackaged financial restructuring plan. The prepackaged plan was approved by 100% of the Company’s first lien term loan lenders and 100% of its second lien PIK noteholders that timely submitted ballots voted to accept the prepackaged plan. The Company will seek confirmation of the prepackaged plan at a hearing scheduled for July 31, 2020.

The Company will continue operating in the ordinary course with a primary focus on the health and safety of its employees, independent affiliates, and clients. Mood Media intends to build on its structure, support, and resources to continue serving its clients during the global COVID-19 pandemic and once the pandemic has passed.

Mood Media’s case has been assigned to Judge Marvin Isgur and Case No. 20-33768. The Docket can be accessed on this website or through the website maintained by the United States Bankruptcy Court for the Southern District of Texas.

Mood Media will continue to update this website with additional notices, court-related documents, and other information regarding the restructuring process. Press releases and information for clients, suppliers, and independent affiliates are available at www.moodmediarestructuring.com.

Important Information & Dates

Plan and Disclosure Statement

On July 30, 2020, the Debtors filed their Plan of Reorganization and the Disclosure Statement related thereto.  On July 31, 2020, the Bankruptcy Court entered an order approving the Disclosure Statement and confirming the plan. On July 31, 2020, the Effective Date of the Plan occurred, and the Plan was consummated. To view copies of the Plan & Disclosure Statement documents, click on the link below:

 Plan & Disclosure Statement

 

First Day Motions and Orders

An electronic hearing on the Debtors' First Day Motions was held on July 31, 2020 at 11:00 a.m. (CT) before the Honorable Judge Marvin Isgur, United States Bankruptcy Court for the Southern District of Texas., 515 Rusk Avenue, Houston, TX 77002.  To appear telephonically, please use the Court’s regular dial-in number: [832-917-1510]. The six-digit conference code for this hearing is [954554]

Please click below to view and download the Debtors' First Day Pleadings:

First Day Motions


Dates

July 30 2020 Petition Date _____   Add to Calendar
July 31 2020 First Day Hearing 11:00 a.m. (CT)   Add to Calendar
July 31 2020 Notice of Effective Date _____ Notice of (I) ... Add to Calendar

Parties

Debtors' Counsel

  • Kirkland & Ellis LLP (NY)

    601 Lexington Avenue
    New York, NY   10022
    www.kirkland.com/
    Phone: 212.446.4800
    Fax: 212.446.8900

    Edward O. Sassower
    Joshua A. Sussberg
    Christopher T. Greco

  • Kirkland & Ellis LLP (IL)

    300 North LaSalle Street
    Chicago, IL   60654
    www.kirkland.com/
    Phone: 312.862.2000
    Fax: 312.862.2200

    W. Benjamin Winger

  • Jackson Walker LLP

    1401 McKinney Street
    Suite 1900
    Houston, TX   77010
    www.jw.com/
    Phone: 713.752.4200
    Fax: 713.752.4221

    Matthew D. Cavenaugh
    Veronica A. Polnick
    Genevieve M. Graham

United States Trustee and Court Information

  • Office of the United States Trustee

    515 Rusk Street, Suite 3516
    Houston, TX   77002
    https://www.justice.gov/ust-regions-r07
    Phone: (713) 718-4650
    Fax: (713) 718-4670

    Stephen Douglas Statham

  • United States Bankruptcy Court, Southern District of Texas

    United States Courthouse
    515 Rusk Avenue
    Houston, TX   77002
    http://www.txs.uscourts.gov/bankruptcy/
    Phone: (713) 250-5500

    [10:15 AM] Alli Balogun, Hassan

Debtors

Case Number Debtor Name Petition Date
Case Number 20-33768 Debtor Name Mood Media Corporation Petition Date July 30, 2020
Case Number 20-33769 Debtor Name Convergence, LLC Petition Date July 30, 2020
Case Number 20-33767 Debtor Name DMX Holdings, LLC Petition Date July 30, 2020
Case Number 20-33766 Debtor Name DMX Residential Holdings, LLC Petition Date July 30, 2020
Case Number 20-33770 Debtor Name DMX Residential, LLC Petition Date July 30, 2020
Case Number 20-33765 Debtor Name DMX, LLC Petition Date July 30, 2020
Case Number 20-33772 Debtor Name Mood Media Borrower, LLC Petition Date July 30, 2020
Case Number 20-33773 Debtor Name Mood Media Co-Issuer, Inc Petition Date July 30, 2020
Case Number 20-33774 Debtor Name Mood Media Holdings, LLC Petition Date July 30, 2020
Case Number 20-33775 Debtor Name Mood Media North America Holdings Corp. Petition Date July 30, 2020
Case Number 20-33776 Debtor Name Mood Media North America, LLC Petition Date July 30, 2020
Case Number 20-33777 Debtor Name Mood US Acquisition1, LLC Petition Date July 30, 2020
Case Number 20-33780 Debtor Name Muzak Capital LLC Petition Date July 30, 2020
Case Number 20-33781 Debtor Name Muzak Holdings LLC Petition Date July 30, 2020
Case Number 20-33782 Debtor Name Muzak LLC Petition Date July 30, 2020
Case Number 20-33783 Debtor Name ServiceNET Exp, LLC Petition Date July 30, 2020
Case Number 20-33784 Debtor Name Technomedia NY, LLC Petition Date July 30, 2020
Case Number 20-33785 Debtor Name Technomedia Solutions, LLC Petition Date July 30, 2020