ATBW Langile Independence

ATBW Langile Independence is an event where ATBW Label Networks segregates from The Langile Corporation and moves to a new holding company called ATBW Holdings LLC. It happened on September 17, 2019 and is among one of the largest segregations of all studio companies thus far.

The independence occurred due to concerns of the company getting bigger and Langile Mediaworks Division, its parent company, would need to sell it in order to save itself and its other subsidiaries from becoming bankrupt, which was the same reason for the original Langile Corporation being split in two in 2003.

Announcement
It was announced by Eric Langile III on July 3, 2019 that ATBW would become independent and be part of an ATBW holding company, which would become ATBW Holdings LLC on September 17, 2019, which would cease operations of ATBW Label Networks and make it a division of the holding company with three new divisions formed as a result. Other assets owned by Langile Mediaworks Division were moved to the new Langile Holdings LLC, which was founded the same day.

As a result, companies including Escade Corporation, Lifeworks Inc., CLP Network, EAPL Inc., etc., were lost, with the third incarnation of Langile Corporation being one third of its former self, with the second incarnation of Langile Corporation being one half of the original company founded in 1920. As ATBW continued getting bigger throughout the 2000's and 2010's, Eric Langile III made the decision to split the two companies for ATBW to become a standalone company and a new Langile corporation would be formed, which in turn is the third incarnation of the company.