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Lawsuits and missing loan payments
- In 2015, Relativity Media filed for Chapter 11 bankruptcy after lawsuits and missing loan payments. The bankruptcy was noted as one of the most notorious in entertainment industry. As a result, the company began selling off previously acquired films.
en.wikipedia.org/wiki/Relativity_Media
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Oct 9, 2015 · Q: Why did Relativity sell TV but not the Film division and other businesses? A: Relativity conducted a bankruptcy auction last week. Nobody made an offer for the entire company.
Oct 9, 2015 · Q: Why did Relativity sell TV but not the Film division and other businesses? A: Relativity conducted a bankruptcy auction last week. Nobody made an offer for the entire company.
Relativity Media reorganized and emerged from bankruptcy in March 2016, [9] but in May 2018 it filed for bankruptcy again. [10] The studio is now a wholly owned subsidiary of UltraV Holdings. [ 11 ]
LOS ANGELES — As the multiple filings in Relativity Media’s Chapter 11 bankruptcy case surfaced on Thursday, details of the financial crisis that has gripped the entertainment miniconglomerate...
Jul 30, 2015 · Relativity Media, the Los Angeles-based entertainment group, has filed for bankruptcy protection after missing payments to lenders and running up as much as $1bn in liabilities. The filing is...
Jul 30, 2015 · Relativity Media — the digital-age entertainment company that claimed clever financing and data analysis could help it unlock the secret to box office riches — filed for bankruptcy protection...
Jul 30, 2015 · Relativity Media, the struggling film and television studio founded 11 years ago by media mogul Ryan Kavanaugh, has filed for Chapter 11 bankruptcy protection and is looking for a buyer....