Lionsgate Circling Relativity Library As Chapter 7 Filing Looms

Lionsgate Circling Relativity Library As Chapter 7 Filing Looms
Exclusive: Lionsgate is circling Relativity’s 40-plus title library — which includes films such as Limitless and Act of Valor — after it has become clear that CEO Ryan Kavanaugh’s company is backed into a financial corner with cash flow rapidly declining. A Chapter 7 (liquidation) is on the horizon and could be filed before year’s end, sources tell Deadline, which if so would come only months after Relativity emerged from Chapter 11 restructuring in April. While multiple…
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