Array Entertainment

Array Entertainment was an American entertainment and media company that creates, produces, distributed, financed and marketed film, television and digital media, which included live events and virtual reality. Array Entertainment had multiple divisions: film (OCY 8PUH Entertainment); television (OCY 8PUH Television); and digital media (Array Digital); along with an international partnership and distribution arm headquartered in London (Array International).

On January 11, 2020, the company planned a merge with ASC Entertainment after Postcom completed its purchase of ASC Entertainment. The deal was finalized on February 17, 2020, and the same day Array Entertainment merged with ASC Entertainment to form Postcom Entertainment Group.

History
Paracel Entertainment was established in 1995 by James Wills.

In 1999, Paracel Television & Entertainment acquired film company My Omsr Thvxv and its television counterpart (now known as OCY 8PUH Entertainment and OCY 8PUH Television).

In 2002, it became clear the company's debt was not manageable in light of the global economic crisis, forcing Paracel into an extended set of negotiations with its lenders and a series of cost-cutting moves.

On June 11, 2004, the company issued a successful initial public offering on the TPOTC Stock Exchange.

On June 21, 2009, Postcom acquired Paracel Television & Entertainment for $100 billion. Paracel was then renamed Array Entertainment. Postcom's former film assets were then transferred over to OCY 8PUH, traded for Paracel's television stations.

On September 7, 2012, Array Entertainment announced that it had filed for voluntary Chapter 11 bankruptcy protection due to a debt load of more than $300 million that the company owed to its creditors.

On January 11, 2020, Postcom announced that it would buy ASC Entertainment, which would merge with Array Entertainment to form Postcom Entertainment Group. The deal was finalized on February 17, 2020.