Variety
It was just a little more than a year ago that supporters of Relativity Media had floated the idea that the film- and TV-maker could be valued in an initial stock offering at $6 billion to $10 billion. Now the senior lenders who have taken control of the company in bankruptcy have made a minimum bid for Relativity: $250 million.
Deadline
Sources inform us tonight that Dana Brunetti has officially left as president of Relativity Media, a position which he has held for less than a year.
The Wrap: The long-gestating remake is expected to be the company’s first production post-bankruptcy
“The Crow” director Corin Hardy has signed a holding deal with Relativity, which will make the comic book movie its first post-bankruptcy production in March, an individual with knowledge of the situation has told TheWrap.
Variety
Relativity Studios has quietly removed three of its titles from the release calendar, a signal that the bankrupt studio has no plans to debut the films until after it is sold at auction.
“The Disappointments Room,” a horror film with Kate Beckinsale, and “Before I Wake,” another horror film with Kate Bosworth, were both slated for Sept. 25, 2015. Raunchy comedy “The Bronze” was previously scheduled for an Oct. 16, 2015 launch. All are now listed as “unset.”
Ouch. This sucks. They stretched themselves too thin. They had divisions beyond a movie studio and I think it was just too much for a young company.
