The studio cannot continue in its current financial state and says it is currently exploring all options for sale or ...

Cinesite's credits include A24's 'Warfare', Lionsgate's Michael Jackson biopic 'Michael' and Paramount's next 'Smurfs' film.

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The demand notice was issued after the bank’s GST filings were audited annually. Officials found discrepancies in the filings that resulted in the tax claim.