Relativity Media, Sony in film financing deal
- Share via
Sony Pictures said Relativity Media would provide funds to co-finance the studio’s films over the next five years.
Relativity Media Holdings I will provide revolving credit to invest in “a majority” of films released by Sony’s Columbia Pictures studio. The agreement comes less than a week after Los Angeles-based Relativity Media, led by Ryan Kavanaugh, announced the creation of a film finance fund with money provided by Citigroup Inc. Relativity Media Holdings I is a subsidiary of Relativity Media, which has helped arrange more than $4.22 billion for film projects.
The parent company previously created two movie-finance funds for Sony valued at $750 million.
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.
