EXCLUSIVE: AITA Films, the production company behind the beleaguered Simon Pegg film Angels In The Asylum, is to fold amid an ongoing financing dispute.
AITA Films has been in administration (a process equivalent to Chapter 11 bankruptcy in America) for more than a year since the film halted its shoot in February 2025, but the company will now be shut down, owing creditors £3.8M ($5M).
In a statement, a spokesperson for Angels In The Asylum blamed the closure on the film being unable to resolve financing issues with John Cairns and his company, Parkland Pictures. Cairns maintains his company had no agreement to finance Angels in the Asylum beyond its work as a sales agent.
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“Production was paused because expected funding from Mr Robert John Cairns and Parkland Pictures, which had been promised several months earlier, did not materialise,” the
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