Relativity Film Studio to Be Acquired by Investor Group (2)

Relativity Media agreed to be bought by a group that includes investment firm Sound Point Capital Management LP as the struggling film studio co-founded by Ryan Kavanaugh makes a second trip to bankruptcy court.

Two units filed for Chapter 11 bankruptcy protection in New York the morning of May 3, listing as much as $1 billion in debt. Relativity Media will use the bankruptcy “to facilitate the sale and address certain legacy liabilities,” the company said May 3 in a statement. The proposed buyer is UltraV Holdings LLC, which includes Sound Point and RMRM Holdings, led by David Robbins, former ...