Family-friendly streaming service VidAngel announced Friday that it will emerge from bankruptcy after reaching a deal with Warner Bros. and Disney for a substantially reduced settlement payment in the copyright infringement lawsuit the company lost a year ago.
Founded in 2013, VidAngel offered access to television programs and Hollywood films with any violence, sex and other mature content edited out. But it never received permission from studios to make these changes or profit from them, and was ordered to shut down in late 2016. This sparked a multi-year legal battle that ended in June, 2019, when VidAngel was ordered to pay $62.4