Relativity Media Files for Chapter 11 Again After Racking Up $500 Million-Plus Debt in 2 Years
Despite an attempted rebound, Relativity Media is filing for Chapter 11 bankruptcy again. The studio filed in U.S. bankruptcy court on Thursday after announcing that it’s entered an agreement with UltraV Holdings — a joint venture of funds managed by Sound Point Capital Management and RMRM Holdings — to sell the firm all of its assets. Relativity founder Ryan Kavanaugh said in a statement that the company “faced the significant challenge of a complicated capital structure and an evolving industry.”... Читать дальше...
