ABC Covers $460K in Winnings for Lucky 13 Contestants After Bankruptcy
ABC Covers $460K in Winnings for Lucky 13 Contestants After Bankruptcy

ABC Covers $460K in Winnings for Lucky 13 Contestants After Bankruptcy

News summary

ABC has taken on the responsibility of paying over $460,000 in prize money to contestants of the game show Lucky 13 after the show's U.K. producer, Studio 1, declared bankruptcy. Despite no legal obligation to do so, ABC stepped in to ensure the contestants receive their winnings, which range from $3,750 to $125,000. The show, hosted by Shaquille O’Neal and Gina Rodriguez, was not renewed for a second season due to inadequate revenue from advertising and product placements. Studio 1 had pre-funded the show for a share of these revenues, but financial challenges led to its bankruptcy, affecting payments to both contestants and hosts. This decision by ABC demonstrates a commitment to rectify the situation, although the network has not publicly commented on the matter. Studio 1's CEO, Adrian Woolfe, mentioned efforts to restructure and protect the company's assets amidst these financial difficulties.

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