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Relativity Media

Relativity Media is approved to exit bankruptcy but must meet judge's conditions

Relativity Media is approved to exit bankruptcy but must meet judge's conditions

A U.S. Bankruptcy Court judge has signaled he will approve Relativity Media's plan to exit bankruptcy, but not before Ryan Kavanaugh’s embattled studio meets certain conditions to demonstrate that it can continue its business.

The conditional confirmation by Judge Michael Wiles marks an important milestone for the film company that filed for Chapter 11 bankruptcy protection in July with $1.2 billion in liabilities after a string of box-office flops.

“The company can get back into the business that it belongs in,” said Wiles, at the end of a Bankruptcy Court hearing in New York that began Monday and stretched through Tuesday.

But the judge also said that...

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