×
You will be redirected back to your article in seconds

Relativity Media Announces $400 Million Investment From Maple Leaf Films

Two days before it hopes a judge will agree to let it exit bankruptcy, Relativity Media has come forward with the latest in a series of financing proposals — this one described as a $400 million in equity film financing that Maple Leaf Films will make in the Hollywood studio.

The Relativity announcement describes the funder as a unit of the Maple Leaf Capital Group of companies, which it says is focused on hedge funds, real estate and film finance through offices in London, Hong Kong and Los Angeles. Maple Leaf “began its involvement in film finance in 2005,” as a producer and debt- or equity-investor in small- to medium-size independent films, Relativity said.

Relativity has announced several different arrangements that it hoped would jump-start the company’s stalled film studio. Several of the deals have fallen through, or produced less than originally suggested, both leading up to its July Chapter 11 bankruptcy filing and in the seven months since.

The Relativity announcement expresses excitement about working with two Maple Leaf principals — Michael Wexler and Tove Christensen. The new financiers, in turn, praised “the leadership and vision” of Ryan Kavanaugh, the embattled founder of Relativity. “We believe Ryan is assembling the right teams to take advantage of their existing infrastructure and position in the marketplace, both foreign and domestic,” Christensen said in a statement.

Among Maple Leaf’s projects are “The Tank,” currently in post-production, and “Prayer,” starring Sam Worthington and Odeya Rush.

It does not appear the new financing arrangement has been reported to the U.S. Bankruptcy Court in New York. Relativity had previously pledged to raise $100 million in new equity investment, then reduced that amount to $20 million, before filing documents in court that indicated there would be no new cash infusion, at least in the short run.

The Maple Leaf investment could shift the financing arrangement, though the terms of the new investment with Relativity remain unknown.

More Film

  • Aquaman 2018

    'Aquaman' Crosses $250 Million at Foreign Box Office

    Things are going swimmingly at the box office for “Aquaman” as the Warner Bros.’ superhero flick hits another major milestone overseas. James Wan’s take on the ruler of the seven seas just passed $250 million internationally, and a weekend haul of $126.4 million from 43 territories brings its foreign tally to $261.3 million. “Aquaman” — [...]

  • Mortal Engines

    'Mortal Engines' to Lose More Than $100 Million at Box Office

    “Mortal Engines,” a steampunk fantasy adventure, is also an epic flop. With a budget of just over $100 million and tens of millions in global marketing costs, executives at rival studios estimate that the movie will lose upwards of $100 million. Some even project that number could float to more than $125 million. “Mortal Engines” [...]

  • Thierry Frémaux, José Luis Rebordinos Honored

    Thierry Frémaux, José Luis Rebordinos Named Honorary Argentine Academy Members

    BUENOS AIRES — In a ceremony just before Friday’s prize announcements at Ventana Sur, Cannes chief Thierry Frémaux and José Luis Rebordinos, director of the San Sebastian Festival, were named honorary members of Argentina’s Academy of Motion Picture Arts and Sciences, in a new move for the Academy, out through by its new president, Bernardo [...]

  • Nona

    Film Review: 'Nona'

    Twenty years and 12 features down the line, it’s still hard to peg the directorial sensibility of Michael Polish, with or without the presence of brother Mark as frequent co-writer and actor. His output has been all over the place, from early Lynchian quirkfests to the very middle-of-the-road inspirational dramedy “The Astronaut Farmer,” not to [...]

  • Pawel Pawlikowski "Cold War"

    Pawel Pawlikowski's 'Cold War' Wins for Best Film, Director at European Film Awards

    “Cold War,” Pawel Pawlikowski’s black-and-white romance set in the 1950s, scooped the prizes for best film, director and screenplay at the 31st edition of the European Film Awards on Saturday. “Cold War” star Joanna Kulig also won the award for best actress. Marcello Fonte, the star of Matteo Garrone’s “Dogman,” won for best actor. Armando Iannucci’s [...]

  • The Favourite Bohemian Rapsody Star is

    The Best Movie Scenes of 2018

    When we think back on a movie that transported us, we often focus on a great scene — or maybe the greatest scene — in it. It’s natural. Those scenes are more than just defining. They can be the moment that lifts a movie into the stratosphere, that takes it to the higher reaches of [...]

More From Our Brands

Access exclusive content