The US Bankruptcy Court approved pre-packaged plan of reorganization and disclosure statement of Mood Media Corporation on July 31, 2020. The debtor has filed its pre-packaged plan in the Court on July 30, 2020. As per the plan, general administrative claims, professional fee claims, priority tax claims and other priority claims of $3.80 million will be paid full in cash. DIP claims will be paid though pro rata share of exit term loan facility while Other Secured Claims of $17.90 million will be paid full in cash. First Lien Claims of $320 million will have a recovery range of 79.5%-99.3% i.e. $317.76 million and will be paid through $200 million exit term loan facility and 100% of new reorganized equity. Second Lien PIK Claims of $330 million with a recovery range of 1.2%-2.1% will be paid through pro rata share of warrants. General unsecured claims of $8.20 million will be paid full in cash or reinstated. Intercompany claims and interests will be reinstated and existing equity interests and section 510(b) claims will be cancelled. The plan will be funded through cash in hand, sale of assets, exit term loan facility, issuance of new common equity and three series of warrants.