Entertainment NewsRelativity Media Bankruptcy: Over 700 Crew Members May Never Get Paid

Relativity Media Bankruptcy: Over 700 Crew Members May Never Get Paid

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Nearly a thousand production crew and independent contractors may never get paid due to Relativity Media’s bankruptcy.

We reported yesterday that a major movie studio in Hollywood is in trouble and that thousands of jobs are in jeopardy. According to The Hollywood Reporter, nearly 760 “temporary production personnel and a few dozen independent contractors” are probably not going to get paid due to Relativity Media bankruptcy.

From The Hollywood Reporter:

Then, there’s 760 temporary production personnel and a few dozen independent contractors. Relativity spends $5.55 million per month on these creatives, with just over $3 million owed. Possibly bad news for them: The restructuring chief and his colleagues “seek the authority, but not the direction, to pay” these obligations based on business judgment.

What about actors? According to Variety, SAG-Aftra, is working hard to make sure that they actors are compensated for their work on Relativity Media’s productions.

A federal judge has approved $8 million in residual payments from bankrupt Relativity Media to the Hollywood unions for screenwriters, directors and actors.

But, $8 million is only a fraction of the supposed $28 million Relativity Media owes to performers and producers.

 

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Megan Diane
Megan Dianehttps://www.projectcasting.com
Hi, I'm Megan Browne, the Head of Partnerships at Project Casting - a job board for the entertainment industry. As Head of Partnerships, I help businesses find the best talent for their influencer campaigns, photo shoots, and film productions. Creating these partnerships has enabled me to help businesses scale and reach their true potential. I'm excited to continue driving growth by connecting people with projects they're passionate about.

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