Relativity Media

Relativity Media, LLC
Company typeSubsidiary
Industry
GenreIndependent films
FoundedMay 18, 2004; 20 years ago (2004-05-18)
FoundersLynwood Spinks
Ryan Kavanaugh
Headquarters
Beverly Hills, California
,
United States
Key people
Products
Services
OwnerUltraV Holdings
Number of employees
Approximately 350 (2013)[1]
Divisions
Subsidiaries
Websiterelativitymedia.com

Relativity Media, LLC is an American independent media company founded in 2004 by Lynwood Spinks and Ryan Kavanaugh.[3] The company brokered film finance deals and later branched into film production and other entertainment ventures. The company was commercially successful prior to bankruptcy.

In 2015, Relativity Media filed for Chapter 11 bankruptcy after lawsuits and missing loan payments.[4][5][6][7] The bankruptcy was noted as one of the most notorious in entertainment industry.[8] As a result, the company began selling off previously acquired films. Relativity Media reorganized and emerged from bankruptcy in March 2016,[9] but in May 2018 it filed for bankruptcy again.[10] The studio is now a wholly owned subsidiary of UltraV Holdings.[11]

  1. ^ Block, Alex Ben (January 20, 2013). "Relativity Media Lays Off Ten". The Hollywood Reporter. Retrieved September 18, 2015.
  2. ^ Block, Alex Ben (July 16, 2012). "Relativity Media, Ron Burkle Launch Sports Division". hollywoodreporter.com. Retrieved July 16, 2012.
  3. ^ "Why the Algorithm That Promised to Save Hollywood Destroyed Relativity Media". NOFilmSchool. Jack Zhang. April 13, 2016. Retrieved April 13, 2016.
  4. ^ "Relativity Media Chapter 11 Petition" (PDF). PacerMonitor. Retrieved May 31, 2016.
  5. ^ Patten, Dominic; Fleming Jr., Mike. (July 30, 2015). "Ryan Kavanaugh's Relativity Media Finally Files Chapter 11 Bankruptcy". Deadline Hollywood. Retrieved August 7, 2015.
  6. ^ "Chapter 11 Petition" (PDF). PacerMonitor. Retrieved October 21, 2015.
  7. ^ "Relativity Creditors Reach Settlement Over Big Hits Like 'Bridesmaids,' 'Fast and Furious 6'". The Hollywood Reporter. January 9, 2016. Retrieved March 3, 2016.
  8. ^ Cite error: The named reference mind bender was invoked but never defined (see the help page).
  9. ^ Liberman, David (March 18, 2016). "Relativity Emerges From Bankruptcy After Judge Rules It Has Met Conditions". Deadline Hollywood. Retrieved March 18, 2016.
  10. ^ Williams, Trey (May 3, 2018). "Relativity Media Files for Chapter 11 Again After Racking Up $500 Million-Plus Debt in 2 Years". The Wrap. Retrieved June 4, 2018.
  11. ^ Cite error: The named reference deadline was invoked but never defined (see the help page).