Brunico Communications has won a bidding process after the international content market group filed for Chapter 11 bankruptcy due to the financial impact of pandemic-era event cancellations.
A U.S. bankruptcy court has approved the acquisition by Brunico of NATPE Global, NATPE Budapest, NATPE Streaming+, and the Brandon Tartikoff Legacy Awards, with the transaction expected to close before the end of January. Brunico plans a return of NATPE Budapest, the organization’s European marketplace, from June 26 to 28, 2023 at the Intercontinental Hotel.
NAPTE traditionally secured key revenues from its annual conferences and marketplaces. NAPTE Global has traditionally been held in Miami, and was scheduled to take place in the Bahamas this month, before that event was cancelled amid the trade group’s bankruptcy filing.
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