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BUSINESS
May 13, 2011 | By Ben Fritz, Los Angeles Times
Relativity Media Chief Executive Ryan Kavanaugh's top lieutenant, Michael Joe, will now oversee the independent studio on behalf of its primary investor. In the latest executive shake-up at the West Hollywood company in the last year, Joe has relinquished his role as president and will supervise Relativity on behalf of its sole investor, the New York hedge fund Elliott Management. Elliott has invested more than $1 billion in Relativity, which has lost several hundred million dollars over the last few years, according to a person familiar with the matter.
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ENTERTAINMENT
April 14, 2014 | By Ryan Faughnder
Relativity Media is hoping to outbid the Walt Disney Co. for the popular YouTube network Maker Studios.  Relativity, a Beverly Hills-based entertainment company, has offered to pay $525 million in cash and stock for the Culver City digital media company, plus as much as $500 million more depending on the financial performance of the company, according to a person familiar with the deal. Relativity has also offered a bonus pool worth $75 million for "key talent and executives," this person said.
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BUSINESS
July 7, 2010 | By Ben Fritz, Los Angeles Times
If you can't join 'em, compete against 'em. With top pay cable channels HBO and Showtime and upstart Epix largely refusing to let Netflix stream movies during the long periods that they control the rights, the DVD subscription service is going around them, starting with independent film financing and production company Relativity Media. The two companies have signed a five-year-plus agreement through which Relativity's movies will be distributed via Netflix's Internet streaming service instead of the typical runs on pay-cable channels, which start four to seven months after a DVD release.
ENTERTAINMENT
April 9, 2014 | By Daniel Miller, This post has been updated as indicated below.
Sony Pictures Entertainment has closed a $200-million co-financing deal with LStar Capital and Citibank, according to sources familiar with the matter who were not authorized to comment publicly.   The multiyear equity and debt arrangement will cover the film and television studio's coming movie slate, which includes this summer's "The Amazing Spider-Man 2" and "22 Jump Street. " The transaction closed Tuesday. The pact mitigates the studio's risk if its 2014 slate disappoints.
BUSINESS
August 14, 2011 | Ben Fritz, Los Angeles Times
Independent studio Relativity Media is jumping into the fast-growing Chinese film market with a deal that gives it a stake in a local production company and a means to release its own movies in the country. Relativity said Sunday evening that it was investing in SkyLand Film & Television Cultural Development Ltd., a China-based entertainment production company. By doing so, Relativity is joining forces with SkyLand's two other financial backers: SAIF Partners, an Asian private-equity firm with $3.5 billion under management, and IDG China Media, the Chinese arm of Boston-based tech firm International Data Group.
BUSINESS
February 6, 2007 | From Bloomberg News
Sony Pictures said Relativity Media would provide funds to co-finance the studio's films over the next five years. Relativity Media Holdings I will provide revolving credit to invest in "a majority" of films released by Sony's Columbia Pictures studio. The agreement comes less than a week after Los Angeles-based Relativity Media, led by Ryan Kavanaugh, announced the creation of a film finance fund with money provided by Citigroup Inc.
BUSINESS
September 30, 2010 | By Ben Fritz, Los Angeles Times
For the last five years, Ryan Kavanaugh has been one of Hollywood's go-to people to share the risk on movies. The chief executive of Relativity Media has invested in 138 films, most of them at Sony Pictures and Universal Pictures, where his company has long-term agreements to co-fund 75% of both studios' film slates. Co-financing movies can be an easy way to lose money ? a large reason the flood of private equity funds that flowed into Hollywood several years ago dried up. And Relativity has seen the downside in the last couple of years through its association with a string of money losers from Universal, including "Land of the Lost" and " The Wolfman.
BUSINESS
March 11, 2011 | By Ben Fritz, Los Angeles Times
Relativity Media has signed a four-year agreement with 20th Century Fox for the studio to release Relativity movies on DVD as the independent company attempts to transition from a film financier into a bona fide studio. The first three movies to be distributed by Fox were all box-office flops, illustrating the challenges that Relativity, led by Chief Executive Ryan Kavanaugh, faces now that it is fully financing and releasing its own pictures. After losing money from its co-financing partnerships with Universal Pictures and Sony Pictures over the last five years, Relativity and its backer, hedge fund Elliott Associates, are hoping to do better by developing and controlling their own films.
BUSINESS
May 12, 2006 | From Bloomberg News
Sony Corp. and Universal Pictures raised $700 million through closely held Relativity Media to finance 19 films through the end of 2007, the second time this year the three have partnered to raise production funds. The deal, Gun Hill Road II, lets the studios keep creative and distribution control of their films, the partners said in a statement Thursday.
BUSINESS
January 6, 2012 | By Alex Pham and Ben Fritz, Los Angeles Times
Billionaire Ron Burkle has added movie production and concert promotion to the arenas he wants to play in. The man who made his fortune bagging supermarket chains and selling them off for billions went into the live music business Thursday by purchasing Artist Group International, a New York agency that books concerts for Billy Joel, Metallica and others. He concurrently invested in the movie business by taking a stake in independent movie studio Relativity Media. Y Entertainment group, a newly formed subsidiary of Burkle's investment firm Yucaipa Cos., made the two deals separately for undisclosed sums of money.
ENTERTAINMENT
February 23, 2014 | By Deborah Vankin
“The Lego Movie” is still snap-and-pop connecting with audiences. As expected, the blockbuster hit comedy, based on the popular toy, topped the box-office charts for a third straight weekend, blowing away newcomers “3 Days to Kill” and “Pompeii.” The animated “Lego Movie,” from Warner Bros and Village Roadshow Pictures, grossed $31.5 million this weekend through Sunday, according to studio estimates. PHOTOS: Images from 'The Lego Movie' Co-written and co-directed by Christopher Miller and Phil Lord, “The Lego Movie” stars Chris Pratt as a Lego-like construction worker.
ENTERTAINMENT
February 20, 2014 | By Ryan Faughnder
"The Lego Movie" will face little competition for the No. 1 box office spot this weekend as the 3D disaster picture "Pompeii" and the Kevin Costner action thriller "3 Days to Kill" enter theaters.  The irreverent, 3D animated comedy from Warner Bros. and Village Roadshow Pictures is expected to build up an additional $35 million in ticket sales from the U.S. and Canada through Sunday. That should secure "Lego Movie" a third-straight weekend victory and add to its already impressive domestic total of about $150 million.
ENTERTAINMENT
December 13, 2013 | By Steven Zeitchik
Hollywood can be a place of short-lived ambition. Audiences crave a sequel or reprise until they see the sequel or reprise. ("Arrested Development," anyone?) Studios want a hot script until someone else gets that hot script, then they never wanted it in the first place. About five years ago, shortly after the Hollywood screenwriters' strike, a script began making the rounds called "The Low Dweller. " I was reporting on the ins-and-outs of Hollywood development at the time, and followed at close range the complicated maneuvers of those who wanted it. And many did. The story had an appealingly brooding quality in its telling of an ex-con on a mission of revenge.
CALIFORNIA | LOCAL
November 30, 2013 | By Carla Rivera, This article has been corrected. See below.
Actors, artists and celebrities reacted late Saturday to the  death of "The Fast and the Furious" actor Paul Walker, who along with another man was killed in a single-car crash in the Santa Clarita Valley. Sheriff's officials said speed was a factor in the accident. Photos: Paul Walker, 1973-2013 Tweets from friends and co-stars included: Ludacris   "Your humble spirit was felt from the start, wherever you blessed your presence you always left a mark, we were like brothers & our birthdays are only 1 day apart, now You will forever hold a place in all of our hearts @paulwalker legacy will live on forever.
ENTERTAINMENT
November 15, 2013 | By Amy Kaufman
NEW YORK - She knew they were waiting to hear from her - Channing Tatum's millions of fans. It had been more than an hour since LaQuishe Wright had posted a photo of the actor on his Twitter account, dressed in a suit "Headed to the Zeigfield. " Now she and Tatum had arrived at the "White House Down" premiere, and Wright needed to give his followers another update. So as he began walking down the red carpet, posing for photographs and greeting reporters, she stayed close by. Glued to her iPhone, she was barely noticeable among the melee, a diminutive 38-year-old in an airy halter dress flanked by hulking bodyguards, publicists, studio handlers.
ENTERTAINMENT
September 26, 2013 | By Amy Kaufman
This weekend's box office forecast is anything but murky: "Cloudy with a Chance of Meatballs 2" is set to become a clear No. 1 hit.  The 3-D animated film will likely debut with around $45 million in ticket sales, according to those who have seen pre-release audience surveys. That would be a robust start for the sequel, whose predecessor launched with $30.3 million in 2009. (Sony Pictures, which is distributing the film, is predicting a softer opening of around $33 million.)  Three other new films are also hitting theaters nationwide this weekend, though none will gross nearly as much as the second "Cloudy.
BUSINESS
February 9, 2012 | By Ben Fritz, Los Angeles Times
A Los Angeles film company that invested in a $500-million fund to co-finance Sony Pictures movies filed a lawsuit alleging that the fund's manager and a later investor cheated it out of at least $44 million. Aramid Entertainment Fund alleged in a lawsuit Wednesday that the Sony fund, which co-financed 18 movies since 2008, was shut down late last year in a manner that benefited both fund manager Relativity Media in West Hollywood and the investor, New York money management firm Fortress Investment Group, at Aramid's expense.
ENTERTAINMENT
November 15, 2013 | By Amy Kaufman
NEW YORK - She knew they were waiting to hear from her - Channing Tatum's millions of fans. It had been more than an hour since LaQuishe Wright had posted a photo of the actor on his Twitter account, dressed in a suit "Headed to the Zeigfield. " Now she and Tatum had arrived at the "White House Down" premiere, and Wright needed to give his followers another update. So as he began walking down the red carpet, posing for photographs and greeting reporters, she stayed close by. Glued to her iPhone, she was barely noticeable among the melee, a diminutive 38-year-old in an airy halter dress flanked by hulking bodyguards, publicists, studio handlers.
CALIFORNIA | LOCAL
July 31, 2013 | By Robert Faturechi
Prosecutors have declined to file charges against a Hollywood studio head who became the focus of a criminal investigation after landing his helicopter on a Sheriff's Department helipad during the manhunt for ex-Los Angeles police officer Christopher Dorner. The Los Angeles County district attorney's office concluded that there was no evidence that Relativity Media's Ryan Kavanaugh knew a captain had denied him permission to land at the helipad. Prosecutors also concluded that they couldn't prove that Kavanaugh endangered anyone's life or property, since he landed his aircraft at a time when the sheriff's helicopters nearby weren't in operation.
CALIFORNIA | LOCAL
July 26, 2013 | By Robert Faturechi
A Hollywood studio head is under criminal investigation for possibly impeding the manhunt for ex-Los Angeles police officer Christopher Dorner by landing his helicopter on a sheriff's helipad during the search, sources said. Relativity Media's Ryan Kavanaugh has been known for taking a chopper to the office and appointments around town. The noisy landings have drawn complaints from some nearby residents. But the Los Angeles County Sheriff's criminal investigation is a new level of scrutiny.
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