Relativity Media

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Relativity Media LLC
Independent LLC
Industry Entertainment
Genre Distributor, Studio
Founded 2004
Founder Ryan Kavanaugh
Defunct 2015
Headquarters Beverly Hills, California, United States
Key people
Ryan Kavanaugh, (CEO)
Tucker Tooley, (President)
Products Motion pictures, television programs, music, digital media, sports agency
Owner Ryan Kavanaugh
Ron Burkle
Colbeck Capital
Number of employees
Approximately 350 (2013)[1]
Divisions Relativity Sports[2]
Relativity Television
Relativity Music
Relativity International
Relativity Digital
Relativity School
Madvine (Branded Content)
Subsidiaries Rogue
Website www.relativitymedia.com

Relativity Media LLC (sometimes written as RelativityMedia and Relativity) is a global media company located in Beverly Hills, California. Founded in 2004 by Ryan Kavanaugh, the studio is the third largest mini-major film studio in the world. Its full scale film studio acquires, develops, produces and distributes films, and produces television programs. The company's partners and financial institutions have invested $20 billion as of 2012 in entertainment investments with partners such as Citibank, Merrill Lynch, Deutsche Bank and others. Relativity Media also works in fashion, sports, digital and music.[3]

On July 30, 2015, the company filed for Chapter 11 bankruptcy after lawsuits and missing loan payments.[4] However, the studio plans to go through with the release of Kidnap and Masterminds.[5][6]

History[edit]

The studio was founded by Ryan Kavanaugh and Lynwood Spinks in 2004 as a middleman company arranging multi-film slate deals with studios then arranging financial support through banks. Relativity Media would receive film equity, producer's credit and a fee. Initially, Stark Investments, a Wisconsin-based hedge fund, funded the company's single-picture business. By 2007, these investors stopped making movie-finance deals. Elliott Management, a $16 billion New York–based hedge fund run by Paul Singer, then took a minority share of the company plus access to around $1 billion in capital and a revolving credit line.[7]

Investments and partnerships[edit]

On January 4, 2009, the studio acquired the genre label Rogue from Universal, for $150 million.[8] Relativity oversaw Rogue’s 2009 film offerings, which consisted of Last House On The Left, The Unborn, Come Out Fighting, and My Soul to Take, as well as more than 30 projects in development. The deal also included the Rogue film library, featuring such films as Assault On Precinct 13 and The Strangers.[9][10] On August 14, 2011, it was reported that Relativity was investing in SkyLand Film & Television Cultural Development Ltd, a China-based production company, signaling new opportunities in the Chinese market. One of the first arrangements was that the movie 21 and Over was partially filmed in Dongshigu, China.[11] On May 18, 2012, it was reported that Relativity was in talks to buy German producer-distributor Senator Entertainment.[12] In 2010, Relativity Media ventured into India with the help of Asian billionaire Keyur Patel who also owns two major TV Networks and has major investments in India in satellite, theatre chain and media productions.[13]

On July 6, 2010, Relativity and Netflix announced a five-year-plus Pay-TV deal. The first two films to stream on Netflix were The Fighter and Skyline.[14]

On July 23, 2010, Relativity acquired the 45-person marketing and distribution staff of Starz’ Overture Films, making it a "Mini-Major".[15] The studio distributed its first film on December 3, 2010. The Warrior's Way was directed by Sngmoo Lee and starring Jang Dong-gun, Geoffrey Rush and Kate Bosworth. On May 20, 2012, it was reported that Relativity and EuropaCorp signed a co-production and co-financing deal on two movies and Relativity will distribute in U.S.[16][17] Relativity also has co-production deals with Atlas Entertainment and Virgin Produced.[citation needed]

In September 2011, Robbie Brenner was promoted from Executive Vice President, Production to President, Production.[18]

On November 27, 2011 it was reported Ron Burkle loaned $200 million to Relativity for Immortals and Mirror Mirror.[19]

On January 23, 2012, Burkle purchased a large equity stake in Relativity Media from Elliot Capital Management (which was the second largest shareholder after Ryan Kavanaugh) for at least $800 million.[20][21] On May 31, 2012 Relativity and Ron Burkle announced they raised $350 million in funding for films and expansion. Ron Burkle will also join the board of Relativity, along with Jason Colodne and Jason Beckman who are partners at Colbeck Capital.[22][23]

In July 2012, Relativity merged its Rogue Sports, a basketball agency with Maximum Sports Management, a football agency, and SFX Baseball into Relativity Sports.[24] On December 19, Relativity announced a new division 'Relativity International'.[25]

Business[edit]

"Relativity Music Group" redirects here. For the Relativity Entertainment Distribution/Sony record label with original releases in the 1980s and 1990s, see Relativity Records.

Relativity Media has nine divisions: Relativity Studios, Relativity Music, Relativity Sports, Relativity Television, Relativity Digital, Relativity Play, Relativity International, Relativity School and Madvine. It also has two subsidiaries: Rogue and RogueLife.

Relativity Studios[edit]

Relativity’s film production division was its first and remains its largest division.[26] Relativity Studios has produced, distributed or structured financing for more than 200 motion pictures, generating more than $17 billion in worldwide box-office revenue and earning 60 Oscar nominations. Relativity’s films can be seen below.[27]

Relativity Music[edit]

Relativity Music produces and releases soundtrack albums for some films and television series and provides in-house music supervision for Relativity films. The division has released more than 60 soundtracks, including those for Relativity's films, and including other studios' films.[27]

Relativity Digital[edit]

Relativity’s digital studio develops and produces original content to support Relativity's films, television shows and brand partners . The studio has enlisted influential YouTube celebrities to create branded videos for brands and as collaborative campaigns with other Relativity divisions.[28] The network includes ARTISTdirect.com and iamROGUE.com.

Sports[edit]

Relativity Sports is a full-service sports agency and one of the four largest in the United States. It represents more than 300 NBA, NFL and MLB athletes with services ranging from contract negotiation to brand building to custom content creation.[29] Relativity Sports and its agents have negotiated contracts totaling in excess of $2.5Bn.[24][30]

Relativity Television[edit]

Relativity Television is currently one of the largest suppliers of television, producing more than 750 hours of programming for more than 40 networks since its inception in 2008.[31] In 2013 the division produced 36 series, including Catfish: The TV Show, The Great Food Truck Race, and The American Bible Challenge. Upcoming shows include reality series Sex Box (WE), Guys' Grocery Games (Food), and Shop (Fox Sports), as well as scripted series Creep Show (Syfy) and Young & Hungry (ABC Family).[32][33]

Relativity International[edit]

Relativity International oversees global sales and distribution management of the studios own films as well as acquisitions and third-party releases. Relativity pictures have grossed approximately $1bn at foreign box offices. Recent international releases include 'The Family', 3 Days to Kill', 'Free Birds', 'Movie 43' and 'Safe Haven'.[34][35]

Madvine[edit]

Madvine is a branded entertainment and consumer products company that provides corporate marketers with integration opportunities across all platforms of Relativity content including movies, television, fashion, sports, digital and music. Madvine offers advertisers dozens of different ways to integrate directly into content that people love, engaging hundreds of millions of global users in innovative ways.[36]

Filmography[edit]

Distributor[edit]

Release Date Film Title Director Notes Budget Gross Critic Score[37] Audience Score[37]
December 3, 2010 The Warrior's Way Sngmoo Lee co-production with Rogue Pictures $42,000,000 $11,087,569 29% 47%
January 7, 2011 Season of the Witch Dominic Sena co-production with Atlas Entertainment; distributed by Rogue $40,000,000[38] $91,627,228[38] 9% 31%
March 4, 2011 Take Me Home Tonight Michael Dowse co-production with Imagine Entertainment and Rogue $19,000,000[39] $7,550,073[40] 28% 42%
March 18, 2011 Limitless Neil Burger co-production with Rogue and Virgin Produced $27,000,000 $161,849,455 70% 74%
June 10, 2011 Judy Moody and the Not Bummer Summer John Schultz co-production with Smokewood Entertainment $20,000,000[41] $15,551,111[41] 19% 41%
September 2, 2011 Shark Night David R. Ellis co-production with Sierra Pictures; distributed by Rogue $25,000,000[42] $40,136,479[42] 17% 22%
September 23, 2011 Machine Gun Preacher Marc Forster co-production with Virgin Produced $30,000,000[43] $3,338,690[43] 29% 62%
November 11, 2011 Immortals Tarsem Singh co-production with Virgin Produced $75,000,000[44] $226,904,017[44] 35% 48%
January 20, 2012 Haywire Steven Soderbergh Production and Distribution $23,000,000[45] $36,374,700[45] 80% 41%
February 24, 2012 Act of Valor Mike McCoy & Scott Waugh co-production with Bandito Brothers $12,000,000 $81,272,766[46] 25% 72%
March 9, 2012 The Raven James McTeigue co-production with FilmNation Entertainment and Intrepid Pictures. $26,000,000[47] $29,657,751[47] 22% 46%
March 30, 2012 Mirror Mirror Tarsem Singh Production and Distribution $85,000,000[48] $183,018,522[48] 49% 45%
September 21, 2012 House at the End of the Street Mark Tonderai co-production with FilmNation Entertainment. $6,900,000[49] $39,462,138[49] 10% 41%
January 25, 2013 Movie 43 Various co-production with Virgin Produced and Rogue $6,000,000 $32,438,988[50] 4% 24%
February 14, 2013 Safe Haven Lasse Hallström co-production with Temple Hill Entertainment $28,000,000[51] $97,594,140[51] 12% 67%
March 1, 2013 21 & Over Jon Lucas & Scott Moore co-production with Mandeville Films, Virgin Produced and SkyLand Entertainment $13,000,000[52] $48,065,672[52] 27% 47%
August 16, 2013 Paranoia Robert Luketic co-production with IM Global $35,000,000[53] $13,785,015[53] 6% 35%
September 13, 2013 The Family Luc Besson co-production with EuropaCorp $30,000,000[54] $78,418,811[54] 29% 41%
September 27, 2013 Don Jon Joseph Gordon-Levitt co-production with Voltage Pictures and Ram Bergman Productions $3,000,000[55] $30,450,756[55] 80% 59%
October 11, 2013 Romeo & Juliet Carlo Carlei production by Amber Entertainment, Indiana Production Company, and Swarovski Entertainment, North American distribution only $24,000,000 $2,953,218[56] 22% 47%
November 1, 2013 Free Birds Jimmy Hayward co-production with Reel FX Creative Studios
Relativity Media's first animated film
$55,000,000[57] $110,387,072[57] 18% 44%
December 6, 2013 Out of the Furnace Scott Cooper co-production with Appian Way $22,000,000[58] $15,434,849[58] 53% 52%
February 21, 2014 3 Days to Kill McG co-production with EuropaCorp $28,000,000[59] $52,597,999[59] 28% 44%
April 11, 2014 Oculus Mike Flanagan co-production with Intrepid Pictures, WWE Studios and Blumhouse Productions $5,000,000[60] $44,030,246[60] 73% 52%
April 25, 2014 Brick Mansions Camille Delamarre co-production with EuropaCorp $28,000,000[61] $68,896,829[61] 26% 47%
July 2, 2014 Earth to Echo Dave Green Production by IFC, Walt Disney Entertainment, Frederator Studios; Distributed only $13,000,000[62] $45,336,704[62] 48% 47%
August 27, 2014 The November Man Roger Donaldson Proudction by Irish DreamTime and SPD Films; Distribution only $15,000,000[63] $32,556,119 [63] 35% 47%
September 19, 2014 Hector and the Search for Happiness Peter Chelsom $15,000,000 $5,153,204 36% 61%
October 17, 2014[64] The Best of Me Michael Hoffman Production by Di Novi Pictures $26,000,000 $35,926,213 8% 59%
November 14, 2014 Beyond the Lights Gina Prince-Bythewood co-production with Undisputed Cinema and Homegrown Pictures $7,000,000 $14,618,727 81% 77%
January 2, 2015 The Woman in Black: Angel of Death Tom Harper co-production with Hammer Films and Cross Creek Pictures $36,728,519 20% 26%
January 30, 2015 Black or White Mike Binder co-production with Sunlight Productions $9,000,000 $21,666,950 39% 69%
February 27, 2015 The Lazarus Effect David Gelb co-production with Blumhouse Productions $3,300,000 $36,143,981 13% 24%
April 10, 2015 Desert Dancer Richard Raymond co-released with Six Sales $6,000,000 $349,192 31% 74%

Upcoming Release[edit]

Release Date Film Title Director Notes
February 26, 2016 Kidnap Luis Prieto co-production with Rumble Entertainment, 606 Films, and Lotus Entertainment

Production Company[edit]

2006[edit]

2007[edit]

2008[edit]

2009[edit]

2010[edit]

2011[edit]

2012[edit]

2013[edit]

2014[edit]

References[edit]

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  2. ^ Block, Alex Ben (July 16, 2012). "Relativity Media, Ron Burkle Launch Sports Division". hollywoodreporter.com. Retrieved July 16, 2012. 
  3. ^ McNary, Dave (July 2, 2014). "Relativity Media Launching Digital Division for Brands, Hires Chief Marketing Officer". Variety. Retrieved July 4, 2014. 
  4. ^ Patten, Dominic; Fleming, Mike, Jr. (30 July 2015). "Ryan Kavanaugh’s Relativity Media Finally Files Chapter 11 Bankruptcy". Deadline.com. Retrieved 7 August 2015. 
  5. ^ http://variety.com/2015/biz/news/relativity-bankruptcy-ryan-kavanaugh-1201536494/
  6. ^ http://www.ew.com/article/2015/08/11/masterminds-release-date-relativity
  7. ^ DiGiacomo, Frank (March 2010). "The Theory of Relativity". Vanity Fair. Retrieved 13 February 2013. 
  8. ^ Universal Sells Rogue for $150 Million
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  10. ^ Nikki Finke (June 28, 2012). http://www.deadline.com/2008/10/exclusive-relativity-to-acquire-rogue-pics/. Retrieved July 6, 2010.  Missing or empty |title= (help)
  11. ^ Fritz, Ben (August 14, 2011). "Relativity Media deal opens film door to China". Los Angeles Times. Retrieved December 5, 2011. 
  12. ^ Cannes 2012: Relativity Media Set to Buy German Film Studio Senator Entertainment (Exclusive)
  13. ^ Buxbaum, Mara (May 5, 2010). "Ryan Kavanaugh's Relativity Partners with Keyur Patel to Launch New Indian Production & Distribution Company, Relativity Media India". PRNewswire. Retrieved July 30, 2015. 
  14. ^ Netflix challenging HBO and Showtime as it signs distribution deal with Relativity Media
  15. ^ PR (June 28, 2012). http://www.deadline.com/2010/07/relativity-takes-over-overture-from-starz/. Retrieved July 6, 2010.  Missing or empty |title= (help)
  16. ^ EuropaCorp, Relativity ink for co-prods deal, includes U.S. distribution
  17. ^ Relativity Deal For Luc Besson’s EuropaCorp
  18. ^ Kit, Borys (2011-09-30). "Relativity Promotes Tucker Tooley, Robbie Brenner". The Hollywood Reporter. Retrieved 2012-08-15. 
  19. ^ Ryan Kavanaugh’s 9 Lives: $200M Loan From Ron Burkle Saves 'Immortals' (Exclusive)
  20. ^ PR (June 28, 2012). http://www.deadline.com/2012/01/its-official-ron-burkle-acquires-significant-equity-stake-in-relativity/. Retrieved July 6, 2010.  Missing or empty |title= (help)
  21. ^ Paul Bond (June 28, 2012). "Ron Burkle Closes Multiple Investments in Relativity Media". The Hollywood Reporter. Retrieved July 6, 2010. 
  22. ^ Relativity Closes $350 Million in Company Funding
  23. ^ Relativity Borrows $350 Million More for Movies and Expansion
  24. ^ a b "New Sports Power: Relativity Media, Ron Burkle Form Relativity Sports". The Wrap. Retrieved 24 December 2012. 
  25. ^ Relativity Media Launches Relativity Foreign, Expanding the Company's International Scope and Reach
  26. ^ Guinto, Joseph. "Moneyball for the Movies". American Way Magazine. Retrieved 18 December 2012. 
  27. ^ a b Relativity | Film Finance ::IMDBPro
  28. ^ "Ron Burkle`s Yucaipa Acquires a Significant Equity Stake in Relativity Media". Reuters. January 23, 2012. Retrieved 10 January 2013. 
  29. ^ Gruman, Andrew. "Sanders one of three NBA players in 'Movie 43'". Fox Sports Wisconsin. FOX. Retrieved 18 December 2012. 
  30. ^ Abrams, Rachel. "Relativity raises $150 mil from investors". Variety. Retrieved 24 December 2012. 
  31. ^ Bibel, Sara. "MTV’S CATFISH: THE TV SHOW AND Teen Mom 2 SEASON 3 RANK AS MONDAY NIGHT’S TOP TWO ORIGINAL CABLE SERIES". TV By the Numbers. TV By the Numbers. Retrieved 18 December 2012. 
  32. ^ Variety http://www.variety.com/article/VR1118062195/?refcatid=14&printerfriendly=true.  Missing or empty |title= (help)
  33. ^ Variety http://www.variety.com/article/VR1118063051.  Missing or empty |title= (help)
  34. ^ Variety http://variety.com/2013/biz/news/relativity-taps-international-sales-exec-1200589447/.  Missing or empty |title= (help)
  35. ^ Variety http://variety.com/2013/biz/news/relativity-taps-international-sales-exec-1200589447/.  Missing or empty |title= (help)
  36. ^ Variety http://variety.com/2014/biz/news/video-ryan-kavanaugh-unveils-new-branded-entertainment-agency-at-variety-summit-1201152348/.  Missing or empty |title= (help)
  37. ^ a b "Rotten Tomatoes". Rotten Tomatoes. 
  38. ^ a b "Season of the Witch (2011)". Box Office Mojo. Retrieved 2012-07-13. 
  39. ^ Movie Projector: 'Rango' expected to shoot down the competition
  40. ^ "Take Me Home Tonight (2011)". Box Office Mojo. Retrieved 2012-07-13. 
  41. ^ a b "Judy Moody and the NOT Bummer Summer (2011)". Box Office Mojo. Retrieved 2012-07-13. 
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  44. ^ a b "Immortals (2011)". Box Office Mojo. 2012-02-23. Retrieved 2012-07-13. 
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  46. ^ "Act of Valor (2012)". The Numbers. Retrieved 2015-07-31. 
  47. ^ a b "The Raven (2011)". The Numbers. Retrieved 2015-07-31. 
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  50. ^ Movie 43 (2013) – Weekend Box Office Results – Box Office Mojo
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  58. ^ a b "Out of the Furnace". The Numbers. February 6, 2014. Retrieved 2015-07-31. 
  59. ^ a b "3 Days to Kill (2013)". The Numbers. May 15, 2014. Retrieved 2015-07-31. 
  60. ^ a b "Oculus (2013)". The Numbers. June 26, 2014. Retrieved 2015-07-31. 
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  62. ^ a b "Earth to Echo (2013)". The Numbers. October 30, 2014. Retrieved 2015-07-31. 
  63. ^ a b "The November Man (2014)". The Numbers. October 30, 2014. Retrieved 2015-07-31. 
  64. ^ http://www.nicholassparks.com/news/view/the-best-of-me-adaptation-update

External links[edit]