Hollywood
Relativity Media gets $100 million in new funding
MUMBAI: It seems as if the financial woes of the Ryan Kavanaugh-led Relativity Media LLC might just be over. The company has claimed to have successfully completed new financing commitments in excess of $100 million, in anticipation of its emergence from chapter 11 in February.
The new financing includes more than $100 million in additional commitments from current investors including Macquarie Bank; Joseph Nicholas and Kavanaugh, Atorus Investment Management LLC chief investment officer Carey Metz and new investors such as TomorrowVentures and Carat Global as well as VII Peaks Capital.
The new financing is separate from the approximately $180 million in Relativity senior debt acquired by Kavanaugh and Nicholas during the course of the company’s chapter 11 process, however it is anticipated that this debt will be converted pursuant to the plan of re-organisation.
This financing is in addition to the post emergence ultimate facility, an asset backed facility being syndicated by GHL & Company and Aperture Media Partners.
In addition, since Carat Global has agreed to extend credit to Relativity for its P&A capital, Relativity’s debt need is much less than expected.
“With the total financing commitments now successfully in place, we remain focused on emerging from chapter 11 and moving forward with our robust slate of films and our continued evolution as a 360 degree content engine,” said Kavanaugh.
Kavanaugh and Nicholas, will be co-managers of Relativity’s parent company, Relativity Holdings, with a robust management and finance team to oversee the 360 vertical from film and television to branding, sports, digital and Relativity Education.
As was reported by Indiantelevision.com, earlier this month, Relativity acquired Kevin Spacey and Dana Brunetti’s entertainment production company Trigger Street Productions. At Relativity, Spacey will become chairman of RelativityStudios and Brunetti will become president of Relativity Studios where they will oversee all film and television operations.
Hollywood
Who won what at the Oscars 2026? Full winners list from the 98th Academy Awards
A night of history, high drama, and gingery wit at the 98th Academy Awards
LOS ANGELES: If the 98th Academy Awards taught us anything, it is that Hollywood still loves a tortured genius and a well-timed ginger joke. While the night was technically a coronation for Paul Thomas Anderson’s sprawling war drama One Battle After Another, the real battle was fought in the stalls of the Dolby Theatre as host Conan O’Brien unleashed a monologue that was part roast, part group therapy session.
The evening belonged to the cinematic heavyweights. One Battle After Another lived up to its title, clinching Best Picture, Best Director, and Best Adapted Screenplay. Anderson, the perennial bridesmaid of the Oscars, finally took home the big prizes, cementing his status as the industry’s favourite auteur.
In the acting categories, Michael B. Jordan made history. Winning Best Actor for his visceral performance in the supernatural thriller Sinners, he became only the fourth Black man to win the trophy. His speech was a masterclass in humility, though he spared a moment to thank his trainer for “making me look like I could actually fight a demon.”
The history books were rewritten several times over. Autumn Durald Arkapaw shattered a long-standing glass ceiling by becoming the first woman to win Best Cinematography for Sinners. Meanwhile, the newly minted Best Achievement in Casting category saw its inaugural trophy go to the ensemble of One Battle After Another.
Returning to the stage with his signature quiff and self-deprecating bite, Conan O’Brien did not hold back. He began by acknowledging the elephant in the room: his own presence.
“I know what you’re thinking,” he quipped. “Why is the ghost of a Victorian chimney sweep hosting the Oscars? It’s because AI is too expensive and I work for sandwiches.”
The controversy kicked off when he turned his sights on the Best Visual Effects nominees. Pointing at the Avatar: Fire and Ash table, he remarked:
“James Cameron has spent so much money on blue people that the actual ocean is now jealous of his budget. Jim, at some point, you have to admit this is just a very expensive aquarium hobby.”
He also took a cheeky swipe at the trend of method acting, specifically targeting Sean Penn.
“Sean stayed in character for so long that his own family had to serve him a subpoena just to get him to come to Sunday roast,” O’Brien joked, to a mix of nervous titters and Penn’s trademark stony glare.
The night was not without its “did he really say that?” moments. During a bit about the length of the telecast, O’Brien noted that the show was running so long that:
“By the time we get to Best Picture, the winner will have already been rebooted as a gritty limited series on Max.”
He also touched on the industry’s obsession with youth, pointing at a young starlet and saying:
“You’re so young that your first memory is actually a TikTok of this monologue.”
While most took it in stride, some critics on social media called the joke “typical boomer energy,” though O’Brien seemed entirely unfazed.
The full winners’ circle:
Best Picture: One Battle After Another
Best Director: Paul Thomas Anderson (One Battle After Another)
Best Actor: Michael B. Jordan (Sinners)
Best Actress: Jessie Buckley (Hamnet)
Best Supporting Actor: Sean Penn (One Battle After Another)
Best Supporting Actress: Amy Madigan (Weapons)
Best Animated Feature: K-Pop: Demon Hunters
Best Original Song: “Golden” from K-Pop: Demon Hunters
As the curtains closed and the A-list headed for the after-parties, the mood was one of relief. Hollywood had managed to celebrate its past while poking fun at its increasingly digital future. Whether the night belonged to the war heroes of PTA or the witty barbs of a tall redhead remains a matter of debate.
