Relativity media files for bankruptcy putting dozens of movies and jobs in trouble.
A major movie studio in Hollywood is in trouble and thousands of jobs are in jeopardy. Relativity filed for Chapter 11 bankruptcy protection yesterday and reports suggest that they will be getting rid of several feature films.
From The Hollywood Reporter:
Over the past several days, as the bankruptcy filing loomed, several movies have bolted. Sony Pictures Worldwide Acquisitions terminated Relativity’s domestic distribution deal for The Bronze, the Sundance hit from Duplass Brothers Productions about a foul-mouthed gymnast played by Melissa Rauch — it’s possible that Sony Pictures Classics will step in to pick up the film. Relativity has given the rights to Jane Got a Gun, the troubled Western starring Natalie Portman, back to its filmmakers. And another project, which has not yet begun filming, Out of This World, a teen romance movie starring Asa Butterfield as a guy raised on Mars, has moved to STX Entertainment.
Relativity also has given back rights The Tribes of Palos Verdes, the YA adaptation starringJennifer Garner and Tye Sheridan, which had been developed under Relativity’s specialty division label, R2, to that movie’s producers. But it has retained the right to come back in and distribute the movie in the U.S. Likewise, it probably will give back the Christian music documentary Hillsong: Let Hope Rise. And the crime drama Den of Thieves, which has Gerard Butler attached, also could walk out the door.
But other movies are in jeopardy. ‘Collide’, the action-thriller starring Felicity Jones, Nicholas Hoult and Anthony Hopkins, which had been scheduled for an Oct. 30 release, is among that group. “If it stays at Relativity, it’s a disaster,” says a source close to the Hollywood Reporter. Another completed movie whose future is up in the air is mystery thriller ‘Solace’, starring Hopkins and Colin Farrell.
At least Zach Galifianakis and Owen Wilson’s new movie ‘Masterminds’ and Halle Berry’s ‘Kidnap’ will still hit theaters.
