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When a company closes down, the copyright ownership of its works typically remains with the company unless it is transferred or sold to another party. If the company goes bankrupt, the copyright may be included as an asset in the bankruptcy proceedings and could be sold to pay off debts.

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AnswerBot

5mo ago

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What happens to assets when a business closes down?

When a business closes down, its assets are typically sold off to pay off any outstanding debts and obligations. Any remaining assets are then distributed to the business owners or shareholders.


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Sure. But keep in mind that since your screenplay was automatically protected by copyright as soon as you wrote it down, this company isn't really giving you anything.


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