Relativity Media Is Up For Sale Following Recent Box Office Blunders; Report

By Markets MarketWatch Pulse

Six months after emerging from bankruptcy, Relativity Media is reportedly up for sale, according to The Hollywood Reporter. Citing sources familiar with the matter, the publication said Relativity Chief Executive and founder Ryan Kavanaugh has hired EMP and Zolfo Cooper to assist with the sale and the studio began fielding offers over the weekend. Relativity filed for bankruptcy protection in summer 2015, listing assets of of $560 million and $1.18 billion in liabilities. Since bouncing back from that the studio has released two wide theatrical releases, "The Disappointments Room" and last week's "Masterminds," neither of which have performed well.

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