Embattled Relativity Media is looking to sell the chase movie Collide to IM Global for $200, 000 and additional possible payments of up to $630, 000 in exchange for IMG dropping objections to Relativity’s bankruptcy plan. Papers were filed Saturay in Federal Bankruptcy Court in New York. You can read the filing here.
While nothing else has been filed yet concerning individual properties, this could be the first of many asset sheddings that the Ryan Kavanaugh run company move to make in the next few days.
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Ryan Kavanaugh
