Earlier this week the news broke about Relativity being…well broke! Relativity Media has filed for Chapter 11 in what many are calling one of the biggest bankruptcies in Hollywood history. And that puts two North Carolina shot films in jeopardy: The NC-Filmed comedy shot in the western part of the state Masterminds (Zach Galifianakis, Kristen Wiig and Owen Wilson) and the thriller shot in the Greensboro area The Disappointments Room (Kate Beckinsale). Both releases have been postponed “indefinitely.”
Today, Eriq Gardner of the Hollywood Reporter writes, “RKA Film Financing, the firm that put up $115 million to fund Relativity Media’s advertising on upcoming films including Masterminds, Somnia, Disappointments Room and Kidnap, is now seeking to seize those films and sell them off to another studio for distribution.” READ STORY NOW
More to come on this story. Eriq Gardner says, “The Hollywood Reporter will provide updates on this motion.” We will be ready and waiting.