Relativity Media CEO Ryan Kavanaugh is poised to reclaim control of his bankrupt studio with the exception of Relativity’s TV division run by Thomas Forman, individuals familiar with the proceedings have told TheWrap. The new deal would represent a stunning turn of events for Kavanaugh, who two months ago was forced to file for Chapter 11 bankruptcy on his nine-year-old company. Relativity Media declined to comment on the matter.
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Read More:
Ron Burkle Joins Group That Could Keep Ryan Kavanaugh Atop Much of Relativity Media – Variety
Relativity Media Hides Names of Top Moneymakers in Court Filings – Wall Street Journal
Relativity CEO Ryan Kavanaugh Bids on Film Assets – Variety
The Dangers When Financiers Think They Can Produce Movies, Too – Hollywood Reporter
