March 15, 2016

Keith Owens quoted in Variety on Relativity bankruptcy

1 min

Venable partner Keith Owens was quoted in a March 15, 2016 Variety article on Relativity Media's request to emerge from bankruptcy protection. Despite some recent setbacks in securing adequate funding, the studio has assured a California bankruptcy judge that it can secure funding and is projected to see a profit based on outcome of several movies over the next few years.

"Judges generally like to see plans confirmed," said Owens. "A lot of work has gone into this." He added that if the company's plan was endorsed by the creditor committee, then it would likely be approved by the judge. "In many cases Chapter 11 debtors will prepare optimistic projections and those will be scrutinized by the court and by the creditors committee."