A Nevada judge has effectively stopped the business operations of a Savannah film studio for now - a month after a shakeup at the company. The judge in Nevada’s Second Judicial District Court has granted a temporary restraining order against Medient Studios at the request of ousted CEO Manu Kumaran. The injunction prohibits Medient from issuing new stock, spending money belonging to the company, signing new contracts,or “any and all other business operations involving Medient.” A hearing in the case is scheduled for July 23 in Reno, Nevada.
Medient Studios broke gound Thursday on what company officials are calling the nation's largest movie studio. The company plans to build a $90 million facility near Savannah in Effingham County. CEO Manu Kumaran says his business model is to change the world of movie-making.
An Effingham County commission has approved the master plan for a movie studio and officials say development is expected to begin soon. Construction is expected to begin in August. Medient Studios Inc. chairman Manu Kumaran says he's confident the studio will be up and running by the first quarter of 2014.
Effingham County near Savannah could be getting a new film studio. Medient Studios has received approval from local officials to begin building a new $90 million movie production facility next to I-16. Film and Television professor Michael Chaney of the Savannah College of Art and Design says the area already has many ties with the film industry.