@latimes #BREAKING: ‘ Relativity Media Movie Studio files for Chapter 11 Bankruptcy protection @AceBreakingNews

#AceFinanceNews – July.30: Relativity Media, the movie studio founded 11 years ago by Ryan Kavanaugh, has filed for Chapter 11 bankruptcy protection.

The struggling company said today it would continue to operate while “restructuring its finances” and will look for potential buyers.

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