Relativity Studios is reportedly considering selling off domestic distribution rights to its reboot of “The Crow” and its action thriller “Hunter Killer” to STX Entertainment reports Variety.
Relativity is scrambling to come up with millions it needs to repay its lenders in the next ten days, with roughly $350 million owed to a consortium of investors. If Relativity fails to raise the money to pay the debt, founder Ryan Kavanaugh could lose control of his company.
If Relativity were to strike a partnership deal with STX on “The Crow” and “Hunter Killer,” the start-up studio would oversee production and domestic distribution of the two films, with Relativity retaining foreign rights.
Relativity president Tucker Tooley tells the trade: “We frequently have other studios approach us about partnering on some of our films which we have done several times in the past. STX has recently approached us. Relativity Studios has no interest in selling ‘The Crow’ or ‘Hunter Killer’ outright and no deal has been reached.”