The National Association of Television Program Executives (NATPE) announced that it will file a court petition to restructure its business affairs with the Bankruptcy Court under Chapter 11 of the Bankruptcy Code. The COVID pandemic, which prevented NATPE from holding events, forced NATPE to operate on its financial reserves, which now require a reorganization of NATPE business structure.
NATPE does not presently intend to cancel the two events scheduled for 2023 (January 17-19, 2023 Baha Mar Resort in Nassau and Natpe Budapest ) and is looking at all possible options to restructure and continue to operate as a more streamlined and reorganized operation. For almost 60 years, NATPE has been the leading global professional association for content producers, distributors, developers, streamers and buyers across all distribution platforms. NATPE is optimistic that it will emerge from the reorganization process in the same position.