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.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at email@example.com.
The Dangers When Financiers Think They Can Produce Movies, Too – Hollywood Reporter