Relativity submits final financing documents, paving way for emergence

By Caroline Salls

Pittsburgh, March 14 – Relativity Media, LLC said it believes it has met the conditions required by the U.S. Bankruptcy Court for the Southern District of New York for the company to emerge from Chapter 11 after submitting final documentation related to more than $100 million in new financing, signing an agreement under which Dana Brunetti will be president of production and concluding a deal with Trigger Street.

“I’ve joined Relativity for the opportunity to build a studio and to continue on a larger level with the type of projects, ideas, and forward thinking that’s proven successful at Trigger Street,” Brunetti said in a company news release.

“Bringing our mindset to the existing architecture at Relativity is a logical next step.”

The company said Relativity Studios has several upcoming movie releases.

As previously reported, Relativity’s plan of reorganization was confirmed by the court on Feb. 8. Netflix, Inc. subsequently appealed the confirmation order.

Relativity Media is a media company based in Beverly Hills, Calif., that filed for bankruptcy on July 30, 2015. The Chapter 11 case number is 15-11989.

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