Relativity’s Bankruptcy Filing Caps a Frustrating Saga

For foreign distributors, Relativity Media’s bankruptcy filing is the final chapter in a story of frustration. One of the principal pillars of Relativity’s business plan was its global network of output deals, which provided a significant portion of production financing. Relativity International, headed by former New Line International executive Camela Galano, had upwards of 20 output deals including multiple pacts with the regional divisions of eOne. The deals spanned the majority of overseas markets. New elements were added this past February when Munich-based Tele Muenchen Group filled in a major gap in the network by signing up for rights in Germany and Austria.