AITA Films, the producer of 'Angels In The Asylum' starring Simon Pegg, has entered the closure process due to an ongoing financing dispute. AITA Films had been under board supervision for over a year since halting filming in February 2025, and is now set to be permanently closed.

This development at the forefront of the project is the result of long-standing tensions between investors and the production team, who were promised substantial funding. AITA Films' management has accused the financing institutions of underpayment and breach of contract. These disputes have rendered the production unable to continue in later stages.

The film 'Angels In The Asylum' has not been fully completed, which is rare even for low-budget productions. The project was put on hold due to financial issues and investor distrust following early-stage filming. Despite the involvement of a well-known actor like Simon Pegg, the film has sparked discussions in the industry regarding contract disputes due to the millions of dollars lost.

Legal actions may be considered by the production team against the financing company. Such production closures have once again brought discussions about investor protection regulations and stricter contract terms to the forefront.