Moritz and his attorneys had been trying to extricate the film from the tangle of Relativity’s ongoing bankruptcy. That devolved into a war of words, with the Moritz team accusing the company and its founder Ryan Kavanaugh of operating a massive “sham” and making false statements about their financial health.
The acrimony was forgotten on Thursday. In a statement, Mortiz did an about-face, describing the situation as a “misunderstanding.” His tone was noticeably different as he went on to add, “I especially want to thank Ryan Kavanaugh for finding a solution that brings ‘Hunter Killer’ back to life. I’m looking forward to working with him and everyone at Relativity Studios to make a great film, and I am sorry we had a miscommunication.”
In order to start principal photography in spring or summer of next year, Relativity has brought on Millennium Films and Original Film to partner on the production and distribution of “Hunter Killer.” It will handle the domestic rollout, while Millennium oversees its foreign release. Gerard Butler stars in the picture, which is set on a submarine.
“‘Hunter Killer’ is going to be a terrific movie, and I’m pleased that we were able to reach an agreement to bring the film to audiences,” said Relativity Chairman and CEO Ryan Kavanaugh. “Gerry is a close friend and this is yet another step forward for Relativity in its new iteration.”
Relativity is still in the Chapter 11 and hopes to have a plan of reorganization by January. The company’s television business has been taken over by a collection of hedge funds, but Kavanaugh is leading an investor group that plans to take the film studio and other businesses out of bankruptcy.