Netflix production supplier seized by creditors
August 19, 2026



A production equipment provider to studios including Netflix and WBD has been seized by creditors after defaulting on debt, underscoring the financial woes afflicting the entertainment industry.

BlackRock’s private credit arm HPS Investment Partners and specialist distressed debt investor Oaktree Capital are among creditors that took control of MBS Group, which provides film equipment to sound stages across the globe, reports FT.


MBS Group has struggled under its debt load and the decision by big entertainment groups to slash production budgets, which has weighed on the TV and film industry since the streaming bubble burst in 2022.

Owners Hackman Capital Partners and Affinius Capital exited the business as part of the transaction. Hackman and Affinius bought the company in 2019 from private investment group Carlyle for $650 million.

Activity in Hollywood has quietened, hitting everyone from caterers and costume makers to the agents and actors. Producers have blamed tighter budgets and the move to streaming, where seasons are typically much shorter than the 22 to 24 episodes that were made for network TV.