It is the time of year where production companies adopt films to take home with them, and if any film needed this fateful ending, it's Jane Got A Gun.…
Well, we have finally reached a small victory for the Natalie Portman movie that may have never seen the light of day (or in this case the hot Western sun at high noon) Jane Got A Gun. For a very long time now, it has suffered plaguing setbacks (such as a director switch), but the biggest problem as of late was the distribution company Relativity’s own financial combustions getting in the way of this film’s release. It was due to be released in September, only to be left out in the cold without much promotion. Sure, it’s hard to take care of a film when a company’s future is at stake.
That’s why Relativity has let JGAG go, and the film is now finally free. Relativity’s films face the potential risk of being frozen along with the borderline inevitable bankruptcy Ryan Kavanaugh and his company will likely file for. David Boies fought for JGAG to be separated from Relativity, as he has been the principal financer for the product.
So this could be it. We have posted the constant struggle with Relativity’s financial state and its relation to the Natalie Portman Western Jane Got A Gun a number of times here. In fact, most of what I have covered here as a new writer is how Ryan Kavanaugh and crew have been battling the media and their debts. It appears that I may be covering new content in the near future, and it isn’t because these debts are going away.
It’s because Relativity may be.
You’re just in time for this week’s edition of The Kavanaugh hour! In this week’s episode, Relativity has a new financial plan yet again, Kavanaugh has finally spoken to the public outright and Jane Got a Gun has still yet to be Jane Got Finally Released.
The Toronto based Catalyst Capital, of which decided to take on Relativity’s huge debts, has now been bought out by Anchorage Capital (a New York firm), and are now in charge of the bulk of Relativity’s relatively large senior debts. Relativity are still in hot water, with many films’ futures uncertain (Jane Got A Gun, for instance), and without many things to say to the public, we weren’t sure what CEO Ryan Kavanaugh was intending for the future. Well, he has finally spoken to the public (a few times within a short period, in fact), and he has tried to set the story straight. Here is a bit of what he had to say:
We have had a blast of news about Ryan Kavanaugh and his company Relativity’s financial woes. We knew the Natalie Portman western Jane Got A Gun was somehow going to be affected by Relativity’s uncertain circumstances. It appears that the Toronto based Catalyst Capital Group may not have officially signed on to help Relativity and that the news was merely a supposed report. With that in mind, who knows how much steadier things will be with Relativity and its staff.
It also doesn’t help that Kavanaugh and co. have missed their deadline. Investors gave Relativity an extension deadline for the company to get its act together. That time has just passed, and other investors are becoming weary of these repeating cycles with Kavanaugh. Reportedly, a wealthy investor even considered helping Relativity out just recently, only to jump ship after seeing the history of the company in depth. With Catalyst Capital Group’s uncertain deal and now this, Relativity is once again in a tight spot.
With the uncertain news about Relativity’s financial situation, the Natalie Portman Western Jane Got A Gun seemed doomed. However, there now seems to be some life within the company now with a possibly lucky strike. Toronto-founded Catalyst Capital Group are exactly what they sound like, and they have given Relativity $320 million to work with. This sum is to both get rid of the looming debt they have struggled with and to provide growth for the company for the near future.
CEO Ryan Kavanaugh is still in charge and has retained his role within the company. However, with this termination being resolved, he and the rest of Relativity still have to battle stilted production schedules and previous debt collecter woes. Kavanaugh has publicly had problems with Colbeck Capital, and until these debts are resolved, Relativity still has to answer to them. With a possible payment extension planned, maybe this, too, shall pass. However, with Colbeck’s full circle come around, hopefully we are not witnessing the start of another cycle with Catalyst Capital Group.