iHeart Officially Files For Bankruptcy! | MUSIK !D TV NEWS
On March 15, iHeartMedia decided to file for Chapter 11 bankruptcy stability in Texas. The company declared that they owe millions in overdue royalties and licensing charges to huge music rights holders and distributors. iHeartMedia is facing a $38.4 billion debt.
What do you guys think? Will iHeartMedia recover? Let us know in the comment section down below.