Relativity Files for Bankruptcy

Analysts knew the day was coming, and now it's finally arrived. Relativity has filed for Chapter 11 bankruptcy. Ryan Kavanaugh's film studio has somewhere between $500 million and $1 billion in liabilities, and their creditors include everyone from Technicolor to Google. This is the studio behind movies like The Fighter and Limitless, but also many more less successful films. For years it seemed like more money was going out of the company than was coming in, and when more documents are released in August, we'll know exactly how bad the damage was.