The amount of the deal was not disclosed.
In conjunction with the deal, Court Coursey, a Managing Partner of TomorrowVentures, veteran business executive, and entrepreneur, has been appointed Chief Investment & Strategy Officer, to develop and execute Relativity’s ongoing vision as a next-generation global media company. He will work to pursue and drive new business opportunities and partnerships across Relativity’s content businesses, including film, television, sports, digital and music.
Led by Chairman and CEO Ryan Kavanaugh, Relativity is engaged in multiple aspects of content production and distribution, including movies, television, sports, digital and music.
Relativity Studios, the company’s largest division, has produced, distributed or structured financing for more than 200 motion pictures. Relativity’s films include Oculus, Safe Haven, Act of Valor, Immortals, Limitless, and The Fighter. In 2016, it will release the following films: The Disappointments Room, Before I Wake, Kidnap, Masterminds and Strangers 2.
In addition, the studio is scheduled to begin production on The Crow in March of this year.