In a sign that New York-based Elliott Management Corporation is tightening its purview over Relativity Media, Michael Joe has moved over from president of Relativity to a new role at the financial backer.
Joe will remain in LA and work closely with Relativity to ensure efficiency in the relationship between the two entities and more broadly will help to manage Elliot’s entertainment assets.
Current Relativity COO and CFO Steve Bertram becomes president and CFO and Brian Edwards, the former COO and general counsel at Mark Burnett Productions, has joined Relativity as COO.
“Given my background in the business, this position allows me to leverage all of my resources to help build Relativity’s and Elliott’s partnership,” Joe said.”I look forward to continuing to work with Ryan, Steve, Brian and the entire Relativity team.”
“This move, coupled with Bertram and Edwards’ expertise and experience, creates a dynamic platform,” Relativity chief Ryan Kavanagh said. “Given Relativity’s future plans, and given Steve and Brian’s close involvement with the DreamWorks Animation IPO and their guiding of the sale of DreamWorks LLC to Viacom, there is no better management team I could imagine.”
“Michael has a sterling reputation in the entertainment industry,” Jesse Cohn, portfolio manager at Elliott, said. “We had identified the need for this role at Elliott, and we are fortunate to fill it with someone with Michael’s credentials, valuable experience at Relativity and Universal, and a close pre-existing working relationship with our team.”