The U.S. Bankruptcy Court entered a formal order confirming Relativity Media’s Fourth Amended Plan of Reorganization.
Ryan Kavanaugh, chairman and C.E.O. of Relativity Media, commented, “Today we achieved an important milestone in Relativity’s path to emerging from chapter 11 as a stronger, well-capitalized media company that is well positioned for growth and success….We have a phenomenal management team in place, and we can’t wait to create Relativity’s new future.”
This privately-held global media company filed for Chapter 11 protection on July 30, 2015, listing $560 million in pre-petition assets. Read more business bankruptcy news.