When the company fell on financial hard times, the Biograph Studio facilities and film laboratory in the Bronx were acquired by one of Biograph Company's creditors, the Empire Trust Company, although some of the ex-Biograph staff were retained to manage the studio and laboratory facilities. Herbert Yates acquired the Biograph Studios facilities and film laboratory in 1928. Biograph Studios facilities and film laboratory were made a subsidiary of his Consolidated Film Industries in 1928. The studio facilities and laboratory burned down in 1980.