July 30, 2016 1:24 AM ET

Media

Company Overview of Relativity Media, LLC

Company Overview

Relativity Media, LLC, a global media company, engages in content production and distribution in the United States and internationally. Its businesses include film production; production, distribution, and financing motion pictures; television production; music publishing, such as releasing soundtrack albums for films and television series; and digital media. The company also provides professional sports development services in the United States, including contract negotiation, marketing, media relations, fan management, brand building with entrepreneurial ventures, community involvement, and personal services. In addition, it sells and distributes third party films. Relativity Media, LLC wa...

9242 Beverly Boulevard

Suite 300

Beverly Hills, CA 90210

United States

Founded in 2004

Phone:

310-724-7700

Fax:

310-859-1254

Key Executives for Relativity Media, LLC

Founder, Chairman, Chief Executive Officer
Age: 42
President and Chief Legal Officer
Age: 53
Chief Operating Officer and President of Physical & Post Production for Relativity Studios
Chief Executive Officer of Madvine
Chief Executive Officer of Relativity Television
Compensation as of Fiscal Year 2016.

Relativity Media, LLC Key Developments

Fourth Amended Reorganization Plan Approved for Relativity Fashion, LLC

The US Bankruptcy Court approved the fourth amended plan of reorganization of Relativity Fashion, LLC on February 8, 2016. The debtor filed its fourth amended plan in the Court on February 8, 2016. As per the amended plan, administrative claims, priority tax claims and priority non-tax claims will receive payment full in cash. TLA/TLB secured claims shall receive 100% of the equity value of debtor. Certain holders have agreed to less favorable treatment and shall receive the BidCo note in full and final satisfaction. Kavanaugh and Nicholas have agreed to receive reorganized debtor's preferred units on account of $175 million of their claim. Pre-release P&A secured claims of $85 million will receive 5 Replacement P&A Notes. Other secured claims and Secured Guild Claims shall be allow in the amount of $3.04 million in the range of $0-$8 million shall be either Reinstated; or receive payment in full in Cash; or delivered the collateral. Post-release P&A secured claims of $26.82 million shall be cross-collateralized until pre-release P&A secured claims are paid in full. Reorganized debtor shall continue to distribute each post-release P&A picture until the outstanding obligations are satisfied in full in cash with the terms of the replacement credit agreement. Production loan secured claim of $33.85 million will receive Loan Notes and the Production Loan Settlement shall be deemed to have occurred. Ultimates secured claims of $27.79 million shall either be reinstated or receive payment full in cash. Secured Guild claims of $3.04 million shall be paid in cash one year after the effective date. Vine/Vertie secured claims of $69.41 million shall either be reinstated or surrender of collateral. General unsecured claim of $215.33 million, including Manchester Prepetition Credit Facility of $137.1 million, shall receive pro-rata share of guaranteed GUC distributable value of $9 million and GUC litigation trust interests and warrants. All intercompany claims shall be disallowed and canceled. Subordinated claims shall not get any distribution or retain any property and shall be extinguished on the effective date. Interest holder shall retain no property under the plan. The plan will be funded through new equity of up to $100 million, new term loan of $60 million, vendor advance of $20 million and cash in hand of $199.87 million.

Fourth Amended Reorganization Plan Filed by Relativity Fashion, LLC

Relativity Fashion, LLC, along with its affiliates, filed an amended joint plan of reorganization in the US Bankruptcy Court on February 8, 2016. As per the amended plan filed, holders of Pre-Release P&A Secured Claims will receive 5 Replacement P&A Notes of $92.21 million. The holders of Production Loan Secured Claims will receive Loan Notes and the Production Loan Settlement shall be deemed to have occurred.

Third Amended Reorganization Plan Filed by Relativity Fashion, LLC

Relativity Fashion, LLC filed third amended plan of reorganization and related disclosure statement in the US Bankruptcy Court on January 30, 2016. As per the plan filed, Manchester Prepetition Credit Facility of $137.1 million will be treated as general unsecured claim. General Unsecured Claims of $215.33 million will have a recovery of 11.5%, amounting to $24.76 million. There are no other changes in the treatment of claims.

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