Podcast Firm That Went Viral for Missing Payments Files Bankruptcy
19 March 2024 A podcast production company that was accused by comedian Theo Von and others of owing content creators millions of dollars has filed bankruptcy in California.
Kast Media Inc., which historically produced and placed ads in shows, filed a type of Chapter 11 for small businesses. It had nearly $700,000 in total assets and more than $6.3 million in total liabilities as of Jan. 31, according to a balance sheet Kast included in the Wednesday filing.
Multiple podcasters last year accused Kast and its chief executive officer Colin Thomson of falling behind on payments to shows the company worked with. In a Youtube video with more than 1.7 million views, Von said Kast owes various podcasters more than $4 million in back pay.