Relativity strikes massive studio co-financing pact with Citigroup

Ryan Kavanaugh's Relativity Media is teaming up with Citigroup Corporate and Investment Banking to co-finance approximately 45 films from an as-yet-unnamed Hollywood studio over the next five years. Exact details of the this massive deal were not disclosed at time of writing. However, if it follows the parameters of recent co-financing equity structures with Hollywood, then more than $1bn in fresh money could end up being invested in studio productions via a revolving credit ...