Relativity Media is an American media company headquartered in Beverly Hills, California, founded in 2004 by Lynwood Spinks and Ryan Kavanaugh. The studio was the third largest mini-major globally until bankruptcy on July 30, 2015. Its full-scale film studio acquires, develops, produces and distributes films. The company's partners and financial institutions have invested $20 billion as of 2012 in entertainment investments with partners such as Citibank, Merrill Lynch, Deutsche Bank and others. Relativity Media also works in fashion, sports, digital and music.[4]
On July 30, 2015, the company filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of New York after lawsuits and missing loan payments.[5][6][7][8] As a result, The company began selling off previously acquired films including Suffragette, Jane Got a Gun, The Bronze, The Space Between Us, The Foreigner, Solace, Collide, Kidnap, Before I Wake, Animal Crackers, Shot Caller and The Secret Scripture. Suffragette was sold to Focus Features and as a result Ryan dropped out producing the film due to financial struggles with his company, Jane Got a Gun was sold to TWC, The Bronze was sold to both Sony Pictures Classics and Stage 6 Films, The Space Between Us and The Foreigner were both sold to STX Entertainment, Solace was sold to Lionsgate Premiere, Collide was sold to Open Road Films, Kidnap was sold to Aviron Pictures, Before I Wake and Animal Crackers were both sold to Netflix, Shot Caller was sold to Saban Films and The Secret Scripture was sold to Vertical Entertainment and transferred its distribution rights of EuropaCorp to STX Entertainment in 2017. The company emerged from the bankruptcy in March 2016,[9] but in May 2018 it filed for bankruptcy once again.[10] The studio remains open for business and is now being operated by its new parent company UltraV Holdings.[1]
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