The Hamilton Mixtape—a collection of remixes, covers, and tracks inspired by Lin-Manuel Miranda’s juggernaut Broadway musical about America’s forgotten founding father—has tapped a TON of stars to participate.
Movies at Ryan Kavanaugh’s financially-embattled Relativity Media face an uncertain future, with some deals close to collapsing as the company moves closer to a possible bankruptcy.
Earlier this week, Sony sent a letter to Relativity stating its intention to terminate Relativity’s deal for U.S. rights to The Bronze, according to sources. Relativity struck the $3 million pact with Sony Pictures Worldwide Acquisitions after the comedy — written by and starring The Big Bang Theory actress Melissa Rauch — debuted at the Sundance Film Festival in January.
Letters of termination are sent when a distributor has failed to satisfy, or “cure,” various provisions of a contract. (A notice of termination would follow a cure letter). Sony and Relativity declined to comment regarding The Bronze, which was produced by the Duplass brothers.
Kavanaugh’s company has failed to meet a number of debt payment deadlines, and Relativity could face bankruptcy by next Wednesday unless Kavanaugh finds a new equity source. That means there is no money to market and promote upcoming releases, such as The Bronze, which is dated for release in theaters on Oct. 16 and, and Autobahn, set to go out Oct. 30.
To recap, The Bronze had several distribution offers: a direct-to-streaming deal from Netflix, and a theatrical release deal from Relativity. According to reports at the time, the filmmakers wanted a theatrical release, so they went with Relativity. It was first announced for July, then moved to October under the excuse of less competition. Relativity’s other films, such as Masterminds and Jane Got a Gun, were also moved to the fall with similar explanations. Relativity’s troubles involve a lawsuit from investors that claims they didn’t appropriately use funds for marketing upcoming films, including The Bronze - which explains why we haven’t seen a poster or trailer in all these months!
As far as I can tell, The Bronze is the first film in this debacle to terminate its distribution deal, so it’s hard to say what will happen. If Sony sticks to its plans, it doesn’t look very likely that it will still come out in October.