Relativity Media (sometimes written as RelativityMedia and Relativity) is an American film studio located in West Hollywood, California which acquires, develops, produces, and distributes films and produces television programming. It was founded in 2004 by Ryan Kavanaugh.
History
Investments and transactions
On January 4, 2009, Relativity Media acquired the genre label Rogue Pictures from Universal, for a $150 million.Relativity oversaw Rogue’s 2009 film offerings, which consisted of Last House On The Left, The Unborn, Come Out Fighting, and My Soul to Take, as well as more than 30 projects in development. The deal also included the Rogue film library, featuring such films as Assault On Precinct 13 and The Strangers. On August 14, 2011, it was reported that Relativity was investing in SkyLand Film & Television Cultural Development Ltd, a China-based production company, signaling new opportunities in the Chinese market. One of the first arrangements was that the movie 21 and Over was partially filmed in Dongshigu, China.On May 18, 2012, it was reported that Relativity was in talks to buy German producer-distributor Senator Entertainment.
On July 6, 2010, Relativity and Netflix announced a five-year-plus Pay-TV deal. The first two movies to stream on Netflix were The Fighter and Skyline
On July 23, 2010 Relativity acquired the 45-person marketing and distribution staff of Starz’ Overture Films, making it a "Mini-Major".The studio distributed its first film on December 3, 2010. The Warrior's Way was directed by Sngmoo Lee and starring Jang Dong Gun, Geoffrey Rush and Kate Bosworth. On May 20, 2012, it was reported that Relativity and EuropaCorp signed a co-production and co-financing deal on two movies and Relativity will distribute in U.S. Relativity also has co-production deals with Atlas Entertainmentand Virgin Produced.
Executive turnover
In 2011, executives Peter Adee,Geoffrey Ammer, Steve Hutensky,Michael Joe,Bill Sutman,Brian Edwards and Joe Matukewicz all left the studio. On May 12, 2011 Elliot Capital Management hired former Relativity President Michael Joe, to watch their investment.In late May 2011, Kavanaugh began trying to sell Elliot Capital Management's stake in Relativity, but Elliot Capital Management said their stake is not for sale. as of June 1, 2011, Elliot Capital Management was only investing a small amount in to Relativity, after taking back Beverly 2, which was the vast majority of the money they had invested in the company.
In September 2011, Robbie Brenner was promoted from Executive Vice President, Production to President, Production.
Ron Burkle
On November 27, 2011 it was reported Ron Burkle loaned $200 million to Relativity for Immortals and Mirror Mirror. On January 23, 2012, Burkle purchased a large equity stake in Relativity Media from Elliot Capital Management (which was the second largest shareholder after Ryan Kavanaugh) for at least $800 million. On May 31, 2012 Relativity and Ron Burkle announced they raised $350 million in funding for films and expansion. Ron Burkle will all so join the newly created board of Relativity, along with Jason Colodne and Jason Beckman who are partners at Colbeck Capital.
Filmography
Distributor
• Jack Goes Boating (September 17, 2010)
• Let Me In (October 1, 2010)
• Stone (October 8, 2010)
• The Warrior's Way (Distributed by Rogue) (December 3, 2010)
• Cost of a Soul[citation needed](Distributed by Rogue) (May 20, 2011)
Title |
US Release |
Genre |
Director |
Notes |
Budget |
Gross |
Season of the Witch |
January 7, 2011 |
Supernatural Action |
Dominic Sena |
co-production with Atlas Entertainment and Distributed by Rogue |
$40,000,000 |
$91,627,228 |
Take Me Home Tonight |
March 4, 2011 |
Retro Comedy |
Michael Dowse |
co-production with Imagine Entertainment and Distributed by Rogue |
$19,000,000 |
$6,923,891 |
Limitless |
March 18, 2011 |
Thriller |
Neil Burger |
co-production with Rogue and Virgin Produced |
$27 million |
$161,849,455 |
Judy Moody and the Not Bummer Summer |
June 10, 2011 |
Comedy |
John Schultz |
co-production with Smokewood Entertainment |
$20,000,000 |
$15,013,650 |
Shark Night 3D |
September 2, 2011 |
Thriller |
David R. Ellis |
co-production with Sierra PicturesDistributed by Rogue |
$25,000,000 |
$40,136,479 |
Machine Gun Preacher |
September 23, 2011 |
Biographical film |
Marc Forster |
co-production with Virgin Produced |
$30,000,000 |
$2,527,904 |
Immortals |
November 11, 2011 |
Action fantasy |
Tarsem Singh |
co-production with Virgin Produced |
$75,000,000 |
$226,904,017 |
Haywire |
January 20, 2012 |
Action thriller |
Steven Soderbergh |
|
$23,000,000 |
$33,372,606 |
Act of Valor |
February 24, 2012 |
Action |
Mike McCoy & Scott Waugh |
co-production with Bandito Brothers |
$12,000,000 |
$80,419,713 |
Mirror Mirror |
March 30, 2012 |
Comedy fantasy |
Tarsem Singh |
|
$85,000,000 |
$162,148,385 |
The Raven |
April 27, 2012 |
Thriller |
James McTeigue |
co-production with FilmNation Entertainment. |
$20,000,000 |
$22,479,542 |
House at the End of the Street |
September 21, 2012 |
Horror |
Mark Tonderai |
co-production with FilmNation Entertainment. |
$10,000,000 |
$30,829,265 |