Relativity Media Prepared to File for Bankruptcy Wednesday

Relativity Media is expected to file Chapter 11 bankruptcy on Wednesday, two individuals with knowledge of the studio plans told TheWrap.

CEO Ryan Kavanaugh is weighing the benefits of a bankruptcy filing as he struggles to work out deals with its lenders over its $320 million debt obligations. He is expected to make a final decision on Tuesday night, one of the individuals said.

The other individual said the filing was expected by Wednesday morning.

Also Read: Relativity Film Slate...

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