NEW YORK _ A bankruptcy judge in New York has approved a deal in which major creditors of Relativity Media will take over its television business, responsible for creating such shows as “Catfish” for MTV and “Limitless” for CBS.
Judge Michael Wiles made the decision Tuesday, according to Relativity spokesman Bill Launder.
Creditors taking over the business include Anchorage Capital Group, Luxor Capital Group, Cortland Capital and Falcon Investment Advisors.
A final decision has not been made regarding Relativity’s movie business. Finished films, including the Kristen Wiig-led comedy “Masterminds” and “Kidnap,” starring Halle Berry, are still in limbo, although CEO Ryan Kavanaugh is mounting a plan to buy those businesses.
Relativity, a mid-sized Hollywood studio behind films like “Immortals,” filed for Chapter 11 bankruptcy protection in July owing $681 million to secured creditors.
The Canadian Press