A bunch of rocks The surface of Titan. So you give someone an inch and they want a yard. Given them a rocket ship and suddenly they want a star ship.
This being Relativity, be prepared to find out nothing is so straightforward. The fee was undisclosed. The plan is for UltraV to inject enough capital into the damaged firm to get it back into development and distribution, including via what the new investors say is an ongoing deal with Netflix.
Netflix was unavailable for comment at time of posting. The deal will need to come about through a section sale and a Chapter 11 bankruptcy filing. The sale will then be subject to court approval and other conditions but is expected to close in the next days.
We are committed to putting the necessary resources into the business so that we can attract and retain new talent, create outstanding original film, television and digital content, and distribute that content across multiple platforms.
It is our full intention and commitment to put those past chapters behind us and resume the business of creating and distributing outstanding content.
We are confident that we have the collective industry expertise, relationships and, perhaps most importantly, the financial resources to fulfill that commitment and build a successful and sustainable business. Unfortunately, the company faced the significant challenge of a complicated capital structure and an evolving industry.
PREVIOUSLY, AM: Following one of the industry’s most involved sagas, we can reveal that Relativity Media has entered into an agreement to sell all of its assets to a New York investor group. Consider: a single light-year is an inconceivable abyss. Denumerable but inconceivable. At an ordinary speed — say, a reasonable pace for a car in a megalopolitan traffic, two kilometers per minute — you would consume almost nine million years in crossing it. The Hollywood Reporter is your source for breaking news about Hollywood and entertainment, including movies, TV, reviews and industry blogs.
I could not be more pleased about this agreement with UltraV. The transaction will result in a fresh start for the company, and it turns Relativity over to owners who have a sincere appreciation for the business, the art and the long-term needs of the industry. Last year, the failed mini-studio, which has already been through the Chapter 11 process, spent time in court trying to convince judges of potential investors and getting into skirmishes with Netflix.
The once voracious company, which had a hand in a string of studio movies including American Gangster, Mamma Mia!Relativity first went bankrupt in , and was reorganized the following year with a plan to raise more than $ million in fresh equity.
However, the new investment never materialized and the. The Atomic Age, also known as the Atomic Era, is the period of history following the detonation of the first nuclear ("atomic") bomb, Trinity, on July 16, , during World War tranceformingnlp.comgh nuclear chain reactions had been hypothesized in and the first artificial self-sustaining nuclear chain reaction (Chicago Pile-1) had taken place in December .
Jan 04, · Relativity Media Creditors'Relativity Media LLC ("Relativity") today announced that the Official Committee of Unsecured Creditors (the "Committee") has formally stated its support for the. Relativity’s films include Oculus, Safe Haven, Act of Valor, Immortals, Limitless, and The Fighter.
In addition to its film studio, Relativity maintains an integrated suite of complementary and synergistic business units that make up the “ degree” global media platform.
Relativity Media won approval to exit bankruptcy on Friday after no one at a federal court hearing contested the “feasibility” of the studio’s plan to resume cranking out movies.
Film studio Relativity Media LLC on Thursday re-entered Chapter 11 in a New York bankruptcy court with what it says is a plan to sell its assets to a joint venture.