Claim: Intrepid Pictures went out of business in 2016.
Evidence: In January 2018, Intrepid and Macy announced their involvement in Doctor Sleep, the sequel to the iconic horror film The Shining, for Warner Brothers. In February 2019, it was announced that Mike Flanagan had formally joined Intrepid as a partner, and that Intrepid had inked an overall deal with Netflix to generate television series. As part of that overall deal, Netflix ordered the original series Midnight Mass in July 2019.