[5] A 2024 investigation by Deadline Hollywood revealed that Kenneth Huang left the company with numerous lawsuits, substantial debts, and unresolved disputes, leading to his disappearance.

[1] In the following September, the company hired as CEO Nic Crawley, who was the president of international marketing and distribution for Paramount Pictures.

[5] (A journalistic investigation in 2024 revealed that Rakuten successfully sued THC and Kenneth Huang for $52 million for engaging in a Ponzi scheme with their partnership.

[3] In January 2022, THC signed a co-production deal with Inqisam Studios, a Saudi Arabian sub-company of Nowaar Entertainment, to co-invest and produce films and TV shows with a focus on the Arabic-speaking market but aimed at global audiences.

[5] In 2024, Deadline Hollywood conducted a six-month investigation and reported, "THC was a legitimate operation and Huang appeared to be the real deal.

As quickly as THC blossomed into life, the company rotted from its sapling roots and Huang vanished from view... he left behind a litany of lawsuits; colleagues and investors owed tens of millions of dollars; a messy and unresolved dispute over the xXx franchise; mortgage defaults on a palatial Bel Air house; more than $160,000 in unpaid office rent; and scripts from writers, including John Wick scribe Derek Kolstad, with no clean chain of title.

[16] THC also started in June 2017 backing six projects including The Parts You Lose (ultimately released in 2019) and a fourth installment of the XXX film series (not yet produced).

[16] In October 2020, Weying Galaxy filed a lawsuit against THC alleging fraudulent misrepresentation in the XXX deal, claiming it was misled into contributing over $6 million towards acquiring derivative rights.

Weying sought punitive damages and control over a joint venture, following discoveries that contradicted initial claims about the acquisition of rights, leading to financial and operational setbacks.