That’s not how it works. You assume the liabilities too.
Otherwise every company would set up dozens of intermediary shell companies to protect every valuable subsidiary in the hopes of a favorable court ruling if things go belly up.
And probably other folks more knowledgeable on how Hollywood legalities work can confirm a similar taboo exists there.
I mean sure the whole market could realize your purchase was an absurd liability, but they would still be immune as long as they only own their fraction, so unless the whole market prefers your bankruptcy over a free bet..