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What has to happen, or what kind of accumulated damage are required to make Paramount Pictures ceased to be an ongoing concern sometimes between August 2007 and December 2007?

In this situation, despite the smashing success of the first Transformers film, the financial situation of Paramount would have to still be so bad that the creditors decided that scrapping the company and take Transformer franchise to the new owner would be a better option. You might say they don't want to throw good money after bad.

Similar to how PolyGram Pictures were sold and their assets liquidated just before Notting Hill premiered. Here, Paramount was still breathing and get to enjoy its last hurrah as the film company in July 2007.
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