Goldhil titles licensed to Cerebellum
Avalon Capital Advisors has control of company
By Cindy Spielvogel -- Video Business, 6/30/2008
JUNE 30 | The product of Goldhil Entertainment will now be available from Cerebellum, a company formed by James Rena, who bought Goldhil in 2006.
Because Goldhil continued to experience financial problems as a result of the debt load Rena inherited, creditor Avalon Capital Advisors forced an asset auction on June 17. However, the auction failed to attract a suitable buyer, so Avalon took possession of Goldhil, Rena said.
Rena left Goldhil but then licensed the company’s titles for his San Francisco-based company Cerebellum. Cerebellum also was the name of Rena’s educational programming company that had been folded into Goldhil.
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