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- 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.
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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: What did the U.S. Bankruptcy Court decide to do with Relativity? A: Relativity will be split. Several hedge funds led by Cortland Capital will buy Relativity Television, the company’s most...
In July 2015, Relativity Media filed for Chapter 11 bankruptcy. With estimates of $500 million to $1 billion in liabilities and only $100–$500 million in claimed assets, the company's unpaid debts were reportedly paralyzing the company. [ 42 ]
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...
Relativity Media’s skies are clearer following a significant and lengthy bankruptcy hearing in New York Tuesday in which U.S. Bankruptcy Court Judge Michael Wiles cleared the pathway for an...
Jul 31, 2015 · 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...
On May 3, 2018, Relativity Media, LLC and 57 affiliated debtors (collectively, the "Debtors") each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York.
