Latest in Relativity

Relativity Media and Netflix have settled their dispute over a lucrative contract, clearing the way for the bankruptcy court supervised sale of the Hollywood studio. Lawyers for both companies told U.S. bankruptcy court judge Michael Wiles that they have agreed to the terms of a settlement that would resolve disputes…

In a damning assessment of Relativity Media and its board and managers, the trustee in the company’s bankruptcy case has filed objections in U.S. Bankruptcy Court in New York, calling into question not only “substantial” payments to the company’s co-founder Ryan Kavanaugh but also saying the books and records were in…

UPDATED with Relativity/Kavanaugh response: Claims of sexual harassment from seven women at Relativity against former Relativity Co-President Adam Fields was found to have been the result of a fraudulent memorandum devised, according to the arbitrator Judge Terry Friedman, by Relativity CEO Ryan Kavanaugh himself. As…

Relativity School — the four-year entertainment-focused college based at LA Center Studios — has officially re-branded as Studio School, Los Angeles. In making the announcement it said, “the name change is intended to more accurately reflect the breadth and depth of programs offered by the school” but what they didn’t…

The dismissal of Treasury Secretary Steven Mnuchin from a Relativity-related fraud suit is being appealed by RKA Film Financing, a bank consortium that’s seeking $110 million in damages from investments with the studio that failed to pan out. In a pre-argument filing with the Supreme Court of New York last month, but…

Relativity CEO Ryan Kavanaugh was sued today by one of his investors over monies that the plaintiff put into the struggling company, saying he was “fraudulently induced” into providing financial investment. Carey Metz, a hedge fund investor, alleges in the complaint that “Kavanaugh desperately needed money to save…

UPDATE, 10:32 PM: You say I owe you money? I say you owe me money! In a statement from his lawyer late tonight, that’s essentially the response of ex-Relativity TV boss Tom Forman to UTA just hours after the uberagency went after him in court on Thursday with claims of commissions that their former client hasn’t paid…

36films and its founder Michael Cuccolo have announced that they just got the rights to produce the survival drama Not Without Hope which has been tied up at Relativity Media. This is the project that is based on the New York Times best-selling book from personal trainer Nick Schuyler and the boating accident they had…

In a hearing this morning in New York bankruptcy court, arguments were heard whether to proceed with moving from Chapter 11 to Chapter 7 (liquidation). The result: A new hearing was set for August after lawyers for Ryan Kavanaugh said that there were prospects of possible equity investors and they were also…

Ryan Kavanaugh hasn’t come out with any more dough in his pocket, but Relativity gained a bit of financial traction today in the company’s ongoing skirmish with Netflix. A U.S. Bankruptcy Court judge Wednesday ordered the streaming service to pay more than $800,000 in legal fees and expenses to the embattled film…

The town will have to wait another two months to see whether the U.S. Bankruptcy Court will approve a motion to switch Relativity Media’s Chapter 11 status to a Chapter 7 liquidation. This comes after an investor in the company officially motioned the court this month and less than a year from when Relativity emerged…

Netflix didn't get the $1.5 billion lawsuit from the struggling Relativity tossed out as it desired, but the streaming service certainly saw the matter slimmed down late last week. In a February 24 hearing, Santa Clara County Judge Theodore Zayner cut the Ryan Kavanaugh-founded company’s claims that the consequences…