Magazine article Screen International

Relativity Executives Depart

Magazine article Screen International

Relativity Executives Depart

Article excerpt

More senior executives are leaving Relativity Media as the struggling mini-studio attempts to reorganise and emerge from Chapter 11 bankruptcy protection.

After the departure of Relativity Studios president Tucker Tooley earlier this week, the company said on Tuesday that chief financial officer Andrew Matthews and Relativity Sports president Happy Walters had both had their employment terminated.

Relativity chief operating office Greg Shamo is also leaving the company, according to reports.

Meanwhile, supermarket magnate Ron Burkle, part of the consortium backing Relativity founder Ryan Kavanaugh in his deal to buy the company's non-TV assets, said he will commit $30m to expand Relativity Sports and become chairman of its board. Burkle described the sports agency division in a statement as "a thriving business."

How Relativity's film operations will fare in the company's reorganisation is not yet clear. …

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