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May 9, 2018 · Case Background. On May 3, 2018, Relativity Media, LLC and 57 affiliated debtors (collectively, the "Debtors") each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York.
In July 2015, Relativity Media filed for Chapter 11 bankruptcy. With estimates of $500 million to $1 billion in liabilities and only $100–$500 million in claimed assets, the company's unpaid debts were reportedly paralyzing the company. [42]
Oct 9, 2015 · Q: What did the U.S. Bankruptcy Court decide to do with Relativity? A: Relativity will be split. Several hedge funds led by Cortland Capital will buy Relativity Television, the company’s...
Aug 2, 2018 · Trey Williams. August 2, 2018 @ 12:17 PM. Netflix and Relativity Media have squashed what has been an almost four-year-long legal battle, allowing the embattled indie studio to move forward...
Mar 18, 2016 · A bankruptcy judge Friday signed off on a hard-fought plan to revive Hollywood film studio Relativity Media LLC under the control of founder and Chief Executive Ryan Kavanaugh and...
- Tom Corrigan
Oct 9, 2015 · Legal. The ABCs Of Relativity: What Happened In Its Bankruptcy Case, And What’s Next? By David Lieberman, Anita Busch. October 9, 2015 2:16pm. EXCLUSIVE: Don’t blame yourself if you’re struggling...
Mar 18, 2016 · March 18, 2016 2:13pm. U.S. Bankruptcy Court Judge Michael Wiles resolved one of Hollywood’s most sensational financial stories today: Nearly eight months after Relativity Media defaulted on...
