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The mini-mogul behind Relativity Media said he'd change Hollywood, now studio files bankruptcy

The mini-mogul behind Relativity Media said he'd change Hollywood, now studio files bankruptcy

Entertainment entrepreneur Ryan Kavanaugh, the financial whiz who piloted his own helicopter and sought to rewrite the Hollywood rules of engagement, has been grounded. The highflying, hard-living mini-mogul, unable to make payment on $320 million owed to lenders, has begun laying off staff from his Beverly Hills-based Relativity Media. The studio behind movies such as "The Social Network" and "The Fighter" filed for Chapter 11 bankruptcy protection Thursday, the company said.  It's a violent return to Earth for one of the movie industry's youngest and flashiest power players, who at 40 boasts more than 60 film producing credits and friendships with...

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