Companies behind bogus John Travolta animated movie shut down by high court

If the idea of a 3D ‘Gummy Bear’ animated movie featuring John Travolta sounds too absurd to be true, it turns out there’s a good reason for that.

Following an investigation by the Insolvency Service, companies Spice Factory (UK) Ltd and Gummy Bear Films Ltd – both of which were supposedly making the film, and amassing funds to do so - have been shut down by the high court for “misleading” the public.

The Guardian report that the companies had taken £3 million from members of the British public to finance the film, which has not been made.

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According to the court ruling, “the public had been misled into making investments which they would not have made had they known the truth, which was that around 89% of their investment was not going to film production costs.”

An investigative report by the Daily Mirror in 2014 revealed that Travolta had no involvement in the project, with his representatives denying any knowledge of it.

Potential investors – who were cold-called about the film – were reportedly promised a 25% return on their investment, with projected returns for the film would be £260m over three years.

Picture Credit: WENN