Relativity Media LLC (sometimes called RelativityMedia and Relativity ) is an American media company based in Beverly Hills , California . It was founded in 2004 by Lynwood Spinks and Ryan Cavan , is the third largest mini-major (or mini-studio) in the world, engaged in the production, distribution, production and development of films. By 2012, the total investment amounted to $ 20 billion, among the partners were Citibank , Merrill Lynch , Deutsche Bank . The company also operates in fashion, clothing, digital technology and music. [one]
| Relativity Media LLC | |
|---|---|
| Type of | Limited liability company |
| Base | 2004 2015 (restart) |
| Abolished | |
| Founders | |
| Location |  Beverly Hills , California , USA |
| Key figures | Ryan Kavana ( CEO ) Ramon Wilson (interim president) Carol Janice (Managing Director) |
| Industry | |
| Products | movies , music, sports, digital media. |
| Divisions | Relativity studios Relativity Media Home Entertainment Relativity international Relativity sports Relativity Digital Studios Relativity music Relativity education |
| Affiliated companies | Rogue Trigger Street Productions . |
| Site | Relativitymedia.com |
On July 30, 2015, the company filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of New York after lawsuits and missing loan payments. [2] [3] [4] [5]
Content
History
The studio was founded by Lynwood Spinks and Ryan Kavan as an intermediary structure for working with studios using bank finance. Initially, the investor was a hedge fund from Wisconsin Stark Investments, by 2007 they had ceased to be interested in this business, and the New York hedge fund Elliott Management joined the pool of investors. In exchange for access to $ 1 billion of capital and a revolving credit line, he became a minority shareholder in Relativity Media. [6]
Investments and Collaboration
On January 4, 2009, the studio acquired the Rogue film company from Universal Studios for $ 150 million. [7] Relativity oversaw the Rogue films of 2009. The Last House on the Left , the Unborn , Fight Without Rules and Take My Soul , as well as 30 projects under development. The deal also included the rights library, which houses movies like Assault on Section 13 and Strangers . [8] [9] On August 14, 2011, Relativity's investment in SkyLand Film & Television Cultural Development Ltd., a Chinese film company, became known. One of the first projects was film 21 and more , part of which was shot in the Chinese province of Shandong . [10] On May 18, 2012, Relativity announced plans to acquire Senator Entertainment, a German film distributor. [11] In 2010, the film company, with the help of the Indian billionaire and the owner of a number of local media, Kayur Patel, made investments in satellite broadcasting, a network of movie theaters and media production. [12]
On July 6, 2010, Relativity and Netflix signed a five-year or more deal to broadcast films. The first were the Fighter and Skyline . [13]
On July 23, 2010 Relativity acquired 45% of Overture Films' marketing and distribution divisions, thereby becoming a “mini-studio." [14] The first film to be rented by the film company was The Way of the Warrior . On May 20, 2012, it became known that Relativity and EuropaCorp signed an agreement on the joint production and financing of two films, which the American side will be renting in the United States. [15] [16]
In September 2011, Robbie Brenner received a promotion, and, instead of chief vice president of production, became president of production. [17]
On November 27, 2011, it was announced that American investor Ronald Berkele had given the film company a $ 200 million loan to create the films War of the Gods: Immortals and Snow White: Revenge of the Dwarves . [18] On January 23, 2012, he acquired a large stake in Relativity Media from Elliot Capital Management (the second largest shareholder) for at least $ 800 million. [19] [20] On May 31, 2012, Relativity and Ron Burke announced the receipt of $ $ 350 million for making films and expanding activities, the latter also became part of Colbeck Capital's partners Jason Kolodne and Jason Beckman. [21] [22]
In July 2012, Relativity joined the Relativity Sports basketball agency Rogue Sports, football agency Maximum Sports Management and SFX Baseball. [23] On December 19, the establishment of Relativity International was announced. [24]
In May 2015, Kolodne and Beckman were expelled from the board of directors due to their conflict with Ryan Kavan [25] .
July 30, 2015, the company's creditors, on the basis of Chapter 11 of the United States Bankruptcy Code, filed with the Central Bankruptcy Court of the Central District of California after lawsuits and the disappearance of loan payments. [3] [4] In January 2016, Eric Schmidt announced the appearance of an investor in the person of the TomorrowVentures Fund. [26]
On January 6, 2016, Relativity Media acquired Trigger Street Productions , whose owners Kevin Spacey and Dana Brunetti became chairman and president of Relativity Studios. [27]
January 26, 2016 it became known that the former Relativity Television after the bankruptcy proceedings became an independent company Critical Content . [28]
In March 2016, the company avoided bankruptcy. [29]
September 8, 2016, Relativity Media created R2 Entertainment, which will operate in China as an independent distributor of films with a budget of less than $ 15 million. It will be led by Mark Cassen and Dana Brunetti. [30]
On October 28, 2016, Kewana announced the sale of Relativity to Singapore's YuuZoo social networking platform for $ 250 million. [31] [32] [33] Other companies, such as the Chinese Lenovo , also participated in the auction. [32]
In April 2017, Relativity Media sold the Rogue rights library and rights to several of its own films, Vine Alternative Investments. [34]
Business Structure
Relativity Media has seven divisions and two subsidiaries ( Rogue and Trigger Street Productions ):
- Relativity Studios - is the largest division [35] , has been producing, distributing and structuring funding for nearly 200 films that have earned more than $ 17 billion and received 60 awards from the American Film Academy. [36]
- Relativity Media Home Entertainment - works in the field of digital distribution, video on demand and DVD / Blu-ray platforms. also releases films of partners of the parent company. [36]
- Relativity International - sells rights and distribution in other countries [37] .
- Relativity Sportsof - is the largest professional sports agency involved in supporting about 300 athletes from the NBA , NFL and MLB . [38] The organization and its partners entered into contracts worth $ 2.5 billion. [23] [39] ,
- Relativity Digital Studios - is creating web series and special effects, as well as promoting films and brands on the Internet. [40]
- Relativity Music - is engaged in music in films, as well as the release of soundtracks. [36]
- Relativity Education. [36]
Notes
- ↑ McNary, Dave . Relativity Media Launching Digital Division for Brands, Hires Chief Marketing Officer , Variety (July 2, 2014). Date of treatment July 4, 2014.
- ↑ Relativity Media Chapter 11 Petition . PacerMonitor . PacerMonitor. Date of appeal May 31, 2016.
- ↑ 1 2 Ryan Kavanaugh's Relativity Media Finally Files Chapter 11 Bankruptcy . Deadline.com (July 30, 2015). Date of treatment August 7, 2015.
- ↑ 1 2 Chapter 11 Petition . PacerMonitor . Date of treatment October 21, 2015.
- ↑ Relativity Creditors Reach Settlement Over Big Hits Like 'Bridesmaids,' 'Fast and Furious 6' . The Hollywood Reporter . Date of treatment March 3, 2016.
- ↑ DiGiacomo, Frank . The Theory of Relativity (March 2010). Date of treatment February 13, 2013.
- ↑ Cieply, Michael . Universal Sells Rogue for $ 150 Million , The New York Times (January 4, 2009). Date of treatment September 18, 2015.
- ↑ Finke, Nikki . Relativity Bargaining To Acquire Rogue , Deadline.com (October 20, 2008). Date of treatment September 18, 2015.
- ↑ Finke, Nikki . Relativity Media Buys Rogue Pictures , Deadline.com (January 4, 2009). Date of treatment September 18, 2015.
- ↑ Fritz, Ben . Relativity Media deal opens film door to China , Los Angeles Times (August 14, 2011). Date of treatment December 5, 2011.
- ↑ Roxborough, Scott . Cannes 2012: Relativity Media Set to Buy German Film Studio Senator Entertainment (Exclusive) , The Hollywood Reporter (May 18, 2012). Date of treatment September 18, 2015.
- ↑ Buxbaum, Mara . Ryan Kavanaugh's Relativity Partners with Keyur Patel to Launch New Indian Production & Distribution Company, Relativity Media India , PRNewswire (May 5, 2010). Date of treatment July 30, 2015.
- ↑ Fritz, Ben . Netflix challenging HBO and Showtime as it signs distribution deal with Relativity Media (July 6, 2010).
- ↑ Finke, Nikki . Relativity Takes Over Overture from Starz , Deadline.com (July 23, 2010). Date of treatment September 18, 2015.
- ↑ EuropaCorp, Relativity ink for co-prods deal, includes US distribution , Variety (20 May 2012). Date of treatment September 18, 2015.
- ↑ Relativity Deal For Luc Besson's EuropaCorp .
- ↑ Kit, Borys . Relativity Promotes Tucker Tooley, Robbie Brenner , The Hollywood Reporter (September 30, 2011). Date of treatment August 15, 2012.
- ↑ Ryan Kavanaugh's 9 Lives: $ 200M Loan From Ron Burkle Saves 'Immortals' (Exclusive)
- ↑ PR . It's Official: Ron Burkle Acquires “Significant” Equity Stake in Relativity (January 23, 2012). Date of treatment January 25, 2016.
- ↑ Paul Bond . Ron Burkle Closes Multiple Investments in Relativity Media , The Hollywood Reporter (June 28, 2012). Date of treatment July 6, 2010.
- ↑ Relativity Closes $ 350 Million in Company Funding (link not available)
- ↑ Relativity Borrows $ 350 Million More for Movies and Expansion
- ↑ 1 2 New Sports Power: Relativity Media, Ron Burkle Form Relativity Sports . The wrap Date of treatment December 24, 2012.
- ↑ Relativity Media Launches Relativity Foreign, Expanding the Company International Scope and Reach (link not available)
- ↑ Tatiana Siegel . Relativity Removes Pair From Board as Ryan Kavanaugh Fights to Keep Control (Exclusive) Hollywood Reporter , 05/27/2015
- ↑ Eriq Gardner . Relativity Media Scores Investment from Google Boss Eric Schmidt's VC Fund " Hollywood Reporter ", 01/15/2016
- ↑ Relativity Media Acquires Trigger Street; Sets Kevin Spacey and Dana Brunetti To Run Studio As It Emerges From Chapter 11 . Deadline.com (January 6, 2016). Date of treatment January 7, 2016.
- ↑ Relativity Television Rebrands as Critical Content, Post-Bankruptcy Joshua Rich thewrap.com, Retrieved on July 27, 2016
- ↑ Liberman, David Relativity Emerges From Bankruptcy After Judge Rules It Has Met Conditions . Deadline.com (March 18, 2016). Date of treatment March 18, 2016.
- ↑ Toronto: Relativity Launching Indie Division, Taps Mark Kassen as Co-President (EXCLUSIVE) “Variety”, 09/08/2016
- ↑ ADDING and REPLACING YuuZoo Signs Agreement to Become Biggest Shareholder of Relativity Media, One of the World's Largest Independent Movie Studio & Entertainment Groups . Business Wire . Date of treatment January 12, 2017.
- ↑ 1 2 Ryan Kavanaugh's Relativity Media To Be Sold . Los Angeles Business Journal . Date of treatment January 12, 2017.
- ↑ Relativity Sets $ 200 Million Production Pact With Storyoscopic , Variety (November 14, 2016). Date of treatment January 5, 2017.
- ↑ New Village Roadshow Co-Owner Vine Acquires Manchester Film Library “Deadline”, 04/27/2017
- ↑ Guinto, Joseph Moneyball for the Movies (link not available) . American Way Magazine . Date of treatment December 18, 2012. Archived January 21, 2013.
- ↑ 1 2 3 4 Relativity | Film Finance :: IMDBPro
- ↑ Relativity Taps International Sales Exec , Variety .
- ↑ Gruman, Andrew Sanders one of three NBA players in 'Movie 43' . Fox Sports Wisconsin . FOX. Date of treatment December 18, 2012.
- ↑ Abrams, Rachel . Relativity raises $ 150 mil from investors , Variety . Date of treatment December 24, 2012.
- ↑ Ron Burkle`s Yucaipa Acquires a Significant Equity Stake in Relativity Media , Reuters (January 23, 2012). Archived June 30, 2013. Date of treatment January 10, 2013.
External links
- relativitymedia.com - official Relativity Media website
- India Operations [1]
- Relativity Media on the Internet Movie Database