[9] Relativity Media executives became increasingly doubtful as the company's financial health declined yet Kavanaugh's valuations kept increasing. However, three years later the company filed for Chapter 11 bankruptcy, but in no time, they reduced the debt and continued working. Using an intelligent financial model of film finance,and dubbed the creator of moneyball for movies,He produced, distributed, and/or structured financing for more than 200 films, generating more than $20 billion in worldwide box office revenue and earning 60 Oscar nominations, holding the distinction of being the 25thhighest grossing film producer of all time, including Fast and Furious 2-6, 300, Social Network, Limitless, Fighter, Talladega Nights, Step Brothers, Mama Mia! Warner Brother's exec Ryan Kavanaugh is planning to launch a security token for his studio, Proxima Media, after receiving $100 million in funding, according to a Jake Paul is leaving Triller Fight Club and has signed a multi-fight deal with Showtime Boxing. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. Ryan Kavanaugh, serial entrepreneur, philanthropist, and Co-Founder of Triller, sat down with The Hollywood Reporter to share insights about his career, pers. In addition to these honours, his accolades include being featured on Fortune's . Discover Ryan Kavanaugh's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Ryan Kavanaughs revolutionary ideas of merging tactics from the investment world with film production ushered in a new era that would allow studios to expand their reach and obtain more profits. The cookies is used to store the user consent for the cookies in the category "Necessary". He was born in Los Angeles, California, United States, and he is a CEO of Relativity Media, lender. Ryan Kavanaugh Age And Wikipedia Ryan Colin Kavanaugh was born on 4 December 1974 which makes him now 47 years of age. "The more I read, the more I wonder if Brett Kavanaugh is a repressed closeted homosexual." Following this approach, he produced more than 200 highly successful films - including several Oscar nominees and six winners and generated more than $17 billion at the box office. Necessary cookies are absolutely essential for the website to function properly. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Un joven debe reconfortar a la esposa e hijos de su hermano, quien ha desaparecido en Afganistn. However, it struggled with the after-effects of Michael Kavanaugh Michael Willard Kavanaugh (Mike) February 20, 1932 - June 1, 2021 passed away peacefully at home in Petaluma, CA surrounded by family at the age of 89. In an interview with Reuters, representatives of Triller revealed that more than 2 million illegal streams of the fight had taken place. Elon Musk migrated his home from California to Texas before the end of last year to be nearer to Teslas new vehicle producing manufacturing plant. Spotify Won't Connect To Internet Mac, [18] Spinks's relationship with Warner Bros. gave Kavanaugh the opportunity to broker a deal between a hedge fund and Warner Bros.' film studio. Ryan Kavanaugh Net Worth In 2022 Ryan Kavanaugh is a $50 million total assets American film maker and lender. Get the latest on Ryan Kavanaugh on Fandango. Ryan Kavanaugh is an American film financier, venture capitalist and co-founder of Relativity Media. Film industry peers and The Hollywood Reporter cast doubt on Kavanaugh's version of the announcement, citing the escalating trade war between the US and China and the unhealthy financial situation of the Hong Kong production company. Each pound of dog food sold gets matched in a donation of . Kavanaugh also originated a number of first of their kind deals including the creation of Marvel Studios where Kavanaugh pioneered an innovative finance deal for post-bankruptcy Marvel, creating the studio and finance structure which led to Marvel Cinematic Universe. Bonnie Kavanaugh. [50][54], In June 2019, Spar initiated a lawsuit against Kavanaugh for fraud. Fox, Jon Peters, Jerry Bruckheimer, Brian Grazer, Kirk Kerkorian, and many more. Most people know Ryan Kavanaugh as the man behind Relativity Media and Proxima Media. [12] In June 2015, lenders began requiring Kavanaugh to receive approval before making any transactions. Ryan Colin Kavanaugh was born on the 4th December 1974, in Los Angeles, California USA, and is a businessman, film financier and producer, who is probably best known for founding and being the CEO of Relativity Media, a movie studio through which he has financed more than 200 film titles. Explore. Her2 Expression In Normal Tissues, Your email address will not be published. Fathers name is Not Available. Elliott Associates moved to take direct control of their film deal, eliminating Kavanaugh's executive producer fees, and significantly dropping their stake in Relativity Media. At this point, there are very few insights concerning his better half, as he has stayed quiet about their character. Kavanaugh and Proxima pioneered an innovative finance deal for post-bankruptcy Marvel . Birthplace: Los Angeles, California, USA. Triller is a video-sharing platform similar to TikTok. [74], In 2012, Kavanaugh was targeted by an extensive extortion plot that was mainly aimed at business executives, including Harvey Weinstein. [37], In May 2018, Relativity Media filed for bankruptcy again and arranged to sell all of its assets. [62] In 2011, he received the Anti-Defamation League's Distinguished Entertainment Industry Award. ", "Ryan Kavanaugh, Former Business Partner Resolve Legal Drama Over Entertainment Stock Exchange", "Former Hollywood exec Ryan Kavanaugh eyes China for film production", "Ryan Kavanaugh Unveils $100 Million Investment in Crypto-Based Proxicoin to Fund Film Projects (Exclusive)", "Ryan Kavanaugh Wants to Move on From Relativity: 'That Guy Was Kind of an Ahole', "Ryan Kavanaugh Accused by Ex-Partner of Running a Ponzi Scheme", "Dueling Lawsuits Filed Over a Stock Exchange for Hollywood Movies", "Trump, Triller, and the return of Ryan Kavanaugh", "Combat sports-Triad Combat seeks to bridge gap between boxing and MMA", "Ryan Kavanaugh denied producing credit on, "How Ryan Kavanaugh Failed to Deliver $1 Million to Charity", "Ryan Kavanaugh to Be Honored By the Anti-Defamation League", "Ryan Kavanaugh Collects Honor From Anti-Defamation League", "Ryan Kavanaugh Resigns as Art of Elysium's Chairman of Board, Replaced by Billionaire Timothy Headington", "Ryan Kavanaugh Weds Britta Lazenga in Capri (Video)", "Inside Hollywood Mogul Ryan Kavanaugh's Star-Studded Wedding to Model Jessica Roffey", "Hollywood's Hottest $150 Million Project Is an 83-Year-Old Synagogue", "Bye-Bye, Billionaire: Ryan Kavanaugh's Relativity Media Files For Bankruptcy", "Californians Now Willing to Admit Why They Are Leaving", "With Fan at the Helm, Marvel Safely Steers Its Heroes to the Screen", "Living Large With Leo and Bradley: How Ryan Kavanaugh Enjoyed the Perks of Relativity's Rise", "Copter fight kicks up dust in W. Hollywood", "Harvey Weinstein Extortion Case Expands to Relativity's Ryan Kavanaugh (Exclusive)", "Harvey Weinstein & Ryan Kavanaugh Extortionist Gets 7 Years In Prison", "Harvey Weinstein extortionist sentenced to seven years", "Natalie Portman Sounds Off on Israel, Netanyahu, French Anti-Semitism and the "False Idol" of Oscar", "Sony hacking: Natalie Portman reluctantly embroiled in lengthy email exchange about anti-Semitism and Gaza", "Financier in Hollywood Strikes Deal in D.W.I. Stepson of Stacey Kavanaugh. [28] Industry speculation surfaced that Burkle would oust Kavanaugh from Relativity Media in favor of his friend Harvey Weinstein, but Burkle and Weinstein both disclaimed the scenario. [41][42] Relativity Media submitted the falsified memo to court two weeks before Fields's wrongful termination suit against Kavanaugh was set to be tried. ", "Is Ryan Kavanaugh's New China Deal for Real? [81][7][82] While on probation for his earlier DUI arrest, Kavanaugh was arrested for speeding and drunk driving with a suspended license in 2008. Captain Sam Cahill (Tobey Maguire) is embarking on his fourth tour of duty, leaving behind his beloved wife (Natalie Portman) and two daughters. Ryan Kavanaugh Hired As Consultant By Relativity's New Owners", "Relativity Fabricated Memo Claiming Sexual Harassment Against Former Co-President Adam Fields, Judge Awards $8.4M", "Relativity Media Fabricated Memo Containing Claims of Sexual Harassment by Former Co-President Adam Fields", "Relativity Fabricated Sexual Harassment Accusations Against Former Executive, Judge Says", "Major film studio Relativity Media forged #metoo memo accusing co-president of sexual harassment, judge finds", "Former Relativity executive accuses founder of fraud and alleges porn activity in offices", "Ryan Kavanaugh 'Shocked at Audacity' of New Lawsuit, Denies Relativity Invested in Porn", "Ryan Kavanaugh's New Company Announces $250 Million Injection for US Film Production", "Ryan Kavanaugh's New Mind Bender: When Is a Lawsuit Not a Lawsuit? In addition, his company Relativity Real (now named Critical Content) produced more than 40 television shows, pitching networks on target reality series that could be developed and produced fully in-house, a far more efficient method than the classic approach of writing, casting, shooting and working pre- and post-production on a piecemeal basis. Varietyfurther reported: The failure caused disillusionment inside the non-profit and also some embarrassment because the development came at the end of a weeklong event that was the charitys biggest in years, with former President Jimmy Carter in attendance. Although a dentist by trade, Jack Kavanaugh would go on to become a successful businessman. Ryan Colin Kavanaugh is a finance manager, film lender, and maker most popular for making and being the CEO of Relativity Media. Brothers is a 2009 American psychological drama war film directed by Jim Sheridan and written by David Benioff. [62][63] Kavanaugh served as chairman of the board of The Art of Elysium from 2009 until 2015. His passion for them led to his acquisition of FreeHand, a pet food company. Kavanaugh's efforts and innovations didn't stop at film, creating the Streaming Video On Demand (SVOD) model that catapulted Netflix to the forefront of the industry, against all odds and years of rejection from the rest of Hollywood. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Kavanaugh submitted a counterclaim alleging Spar was breaching his contract with ESX. The states business law, what he calls Californias enemy of business laws, are pushing him away from the city he has called home for quite a long time. Ryan Kavanaugh Producer. Brothers Productions, LLC is a California Domestic Limited-Liability Company filed On October 1, 2007. Juno, originally known as Zeta-Rx and founded by Jack Kavanaugh, was the largest biotech IPO of 2014. [8] Kavanaugh and other defendants filed a motion to dismiss, arguing RKA Film Financing failed to state a claim, and the suit was dismissed with prejudice. SF. Triller - the AI-powered open garden technology platform for creators co-owned by Ryan Kavanaugh has brought another combat sport under its corporate umbrella, purchasing the Pillow Fight Championship (FightPFC) for an undisclosed amount. In 2004, He established Relativity Media, a move that would revolutionize how Hollywood approached film finance. Ryan Kavanaugh is the man behind hundreds of worldwide box office films. Ryan Kavanaugh has been married twice. Welcome to Playbook Deep Dive, the stories behind the power. [50], In 2019, Proxima Media acquired a majority stake in the video-sharing platform Triller, coinciding with the Trump administration's announcement that it intended to ban its more popular Chinese competitor TikTok in the US. Ryan Kavanaugh was born in Los Angeles, California to a family of successful parents. Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". We have no more information about his spouse. Analytical cookies are used to understand how visitors interact with the website. LOS ANGELES, CA - APRIL 24: Honoree Ryan Kavanaugh, mother Leslie Kavanaugh, father Jack Kavanaugh and brother Matt Kavanaugh attends The 23rd Annual "Salute to Youth" Benefit And Venetian Masquerade at the Beverly Hilton Hotel on April 24, 2008 in Beverly Hills, California. Trillers deadline to pay $60,963.49 to Ethan Klein for attorney fees, SOURCE: Poll of H3 Podcast Audience Jul 30, 2021. [8], Kavanaugh attended UC Santa Barbara and UCLA but dropped out in 1996. This gave Relativity Media the aura of a film production company and Kavanaugh a reputation as a producer[6]without having creative involvementin nearly 100 movies. Kavanaugh responded, "Sorry, You are right jews being slaughtered [] is much much less important then [sic] your email address being shared with 20 of our peers"[78] and continued to include her in the mailing list. Kavanaugh presented implausible valuations and "adjusted" EBITDA numbers to investors, which included projections based on films the company had already relinquished to Elliott Management. Kavanaugh and his father leveraged Peters's Hollywood connections to raise an estimated US$175 million in investment funds for the younger Kavanaugh's company. It's not clear yet how much money Logan will be raking in from that fight, but . [13][19] In addition to fees, Kavanaugh also insisted on being credited as an executive producer in each film. [30] As a result, Netflix sought to end a distribution deal with Relativity Media, and Kavanaugh responded by sending threatening emails to Ted Sarandos, co-CEO of Netflix. His first marriage to Britta Lazenga in 2011 ended after three years in 2014. Jun 23, 2021 by . He is the founder and former CEO of Relativity Media and the current CEO of Warner Bros. The trustee learned that Kavanaugh paid himself $2.6 million between April and November 2016 while his company failed to pay bankruptcy fees or file tax returns. Updated below: Ryan Kavanaugh is again embroiled in a legal battle, as the former CEO of an entertainment stock exchange has sued him for fraud and accused him of The companies were formed over a twenty-one year period with the most recent being incorporated eight months ago in May of 2020. ryan kavanaugh brother. This is largely due in part to him being a grandchild of a holocaust survivor. Courtesy Triller. [9] Although Kavanaugh frequently cited the model's accuracy rate to be 85%, a source close to Elliott Associates, one of the company's principal (and earliest) lenders, estimated it to be much lower. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. [47] However, the potential Hong Kong-based partner announced the deal differently, saying that Proxima Media would pay $100 million for a stake in their production company. He is the founder and current CEO of Relativity Media. [22] Some investment banks and industry executives also cast doubt on the model's efficacy. As its third film under the Quad Shingle, Miles Ryder' follows The Quad formula which is, The Quad will produce 3-5 films per year with a self-funded budget of $3M - $12M, EXCLUSIVE: Based on an original idea by producer Ryan Kavanaugh, Skill House is slated to start. Stepson of Stacey Kavanaugh. Bonnie Kavanaugh, 89, of Lohrville was the daughter of James and Lydia (Eisele) Bisenius. Using this model, Kavanaugh was responsible for the production of more than 200 movies, earning an estimated $17 billion at the box office worldwide, over sixty Oscar nominations and eight wins. F ounder of Proxima Media, which is the controlling shareholder of Triller, amongst others, Ryan Kavanaugh is one of the most accomplished, prolific and honored executives in entertainment industry history. [49], After unsuccessfully attempting to acquire the online stock trading game Hollywood Stock Exchange (HSX) in February 2019, Kavanaugh set out to create a film properties trading exchange for fans to invest in movies. Ryan Kavanaugh, would-be king of tinseltown. We cant say their name. Ryan and his younger brother, Matthew, an entertainment-litigation lawyer, were serenaded with John Lennon's "Beautiful Boy (Darling Boy)." . [15] An arbitrator found that Kavanaugh was "clearly negligent", and Sitrick won a $7.7 million arbitration judgment against Kavanaugh. In the early 2000s, when investors began asking for their money, Kavanaugh became difficult to reach. LOS ANGELES, CA - APRIL 24: Honoree Ryan Kavanaugh, mother Leslie Kavanaugh, father Jack Kavanaugh and brother Matt Kavanaugh attends The 23rd Annual "Salute to Youth" Benefit And Venetian Masquerade at the Beverly Hilton Hotel on April 24, 2008 in Beverly Hills, California. Actor To Seeing so many high-profile names leaving California, individuals are feeling that it may before long turn into a dry state, and no business will actually want to work in California. Kavanaughs efforts and innovations didnt stop at film, creating the Streaming Video On Demand (SVOD) model that catapulted Netflix to the forefront of the industry, against all odds and years of rejection from the rest of Hollywood. Hollywood's Ryan Kavanaugh from Warner Brothers just raised 100 million dollars for a Security token focused on media projects. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. Loving grandson of Roslyn Piarulli. These cookies will be stored in your browser only with your consent. Ryan Kavanaugh does not only help people but also animals in need. The series premiered on FX on March 12, 2002 and ended on November 25, 2008, totaling 88 episodes over seven seasons, plus one additional mini-episode. A revolutionary in film finance, he is recognized by many outlets as the most powerful person in the entertainment business, both in the industry and in the financial sector. All but the DUI charge, which was lessened to a wet reckless charge, were dropped. Still at the beginning of his career, Kavanaugh established himself as a forward-thinking, financially savvy innovator. We have no information about his girlfriend/boyfriend. Several investors, including Peters, sued Kavanaugh, alleging fraud, and the suits were settled out of court. The combined company will be named TrillerVerz. [21] Kavanaugh held Albert Einstein as his hero and would write long equations on whiteboards at investor meetings. But opting out of some of these cookies may affect your browsing experience. [29] In July, Relativity Media filed for bankruptcy. Mark Canton approached Ryan Kavanaugh for help with an MBO. To get the kind of attention he did, in front of a U.S. president, and then to do nothing for it, was all just so shocking.. Application has been deleted. [58], According to former Relativity Media executives, Kavanaugh often pledged large charitable gifts and then billed them to the company. (source). [13] By 2009, three quarters of films produced by Sony and Universal Pictures had used Kavanaugh's financing. Albeit the public authority is investigating the matter and may attempt to determine a portion of the major issues in this. This token will allow investors to invest in studio quality films and television shows. The film tells the powerful story of two siblings, Captain Class of 2021. After finding early success in the financial industry, bringing his knowledge and expertise in financial modeling to the film industry. Scott Fischer Producer. Kavanaugh himself seemed ubiquitous on the set, ordering changes in the lighting and even hurling directions at the boxers. High-profile turncoats incorporate long-term network TV leader Ted Harbert, most as of late head of NBC Broadcasting, who went to Portugal. Thats an amazing thing to do right!? Uncategorized. He eventually went on to establish his own venture capital firm. Ryan Kavanaugh On Twitter The significant explanation Kavanaugh is all set is his developing disappointment with Los Angeles raising savagery, vagrancy. [6] Kavanaugh was denied a producing credit for the Academy Award nomination of the film The Fighter since the Academy of Motion Picture Arts and Sciences only allows the submission of up to three producers for Academy Award consideration;[59] Kavanaugh unsuccessfully appealed the Academy's decision. Male and female combatants in FightPFC battle each other using two-pound . [66] He has two children. Ryan Kavanaugh, Amy Kim, and Jaime Burke will be producing from the Quad alongside Andrew Bachelor, Christina Bachelor, and Gary Glushon will produce via Bach Enterprises. [5] His mother is a real estate broker and his father is a dentist turned businessman, born in Germany. Region, Cross Brothers on DVD March 23, 2010 starring Tobey Maguire, Jake Gyllenhaal, Natalie Portman, Bailee Madison. It does not store any personal data. The two reached a written deal on June 28 for her to babysit for the child 12 hours a day, four days a week from June 26 until Sept. 26, 2020 and 24 hours daily from Sept. 27, 2020 through July 27, 2021 all at $40 an hour, according to the suit. Later in 2021 Ryan Kavanaugh sent Ethan Klein a threatening message via the popular social media platform Instagram. Thriller bigwig Ryan Kavanaugh accused the UFC president Dana White poaching Jake Paul from Thriller. The pictures below displays a seemingly friendly relation between the two former movie producers. Ryan Kavanaugh, one of the most influential businessmen to come into the entertainment industry in many years, revolutionized the filmmaking industry by applying quantitative, data-based risk management techniques previously used only in the world of investment banking & high finance.. It allows the website owner to implement or change the website's content in real-time. Ryan Colin Kavanaugh (born December 4, 1974) is an American film producer and film financier. He spent his childhood in the Brentwood neighborhood of Los Angeles, where he went to Brentwood High School. Ryan Kavanaugh, Amy Kim, and Jaime Burke will be producing from the Quad alongside Andrew Bachelor, Christina Bachelor, and Gary Glushon will produce via Bach Enterprises. how his films can be profitable when many seem to have performed weakly at the box office, he cites his 2009 movie "Brothers, . He experienced childhood in Los Angeles Brentwood region, where he went to Brentwood High School. We also use third-party cookies that help us analyze and understand how you use this website. He also helped structure deals for Warner Brothers, Sony and Universal, and was the first to strike a deal with Netflix that created the Streaming . She was preceded in death by her parents, husband Joseph in 1999, sister-in-law Beryl Bisenius, brothers-in-law James Lenhart and James Connor and daughter-in-law Connie Kavanaugh. The . In the wake of getting isolated from his first spouse, he got hitched to Jessica Roffey and had two kids with her. He remains on the forefront of innovation by staying involved in many branches of the entertainment industry, including social media. In sum, Ryan has produced, distributed, or financed over 200 films which in total have accumulated over $17 billion in revenue and 60 Oscar nominations. His father changed his surname to Kavanaugh before his son's birth. His first feature film was Brothers (2009). He is the founder and former CEO of now bankrupt Relativity Media, the studio was the third largest Mini-major studio before bankruptcy hit back in 2015. Who Is Ryan Kavanaugh Married To? The awful homicide of Jacqueline Avant, and a foundation of the Los Angeles generous local area was killed somewhere near an interloper in her Beverly Hills home. Zach Schiff-Abrams Producer. The Shield is an American crime drama television created by Shawn Ryan and starring Michael Chiklis. Ryan Kavanaugh hails from a Jewish family; the son of Leslie, who worked as a real estate broker, and Jack Kavanaugh (formerly Konitz), who was a dentist and businessman. IMDB Wikipedia $50 million 1974 1974-12-04 3:10 to Yuma (2007) 5 8 (1.73 m) American Britta Lazenga Britta Lazenga (m. 20112014) California CEO of Relativity Media December 4 Jack Kavanaugh Jessica Roffey Jessica Roffey (m. 2015) Leslie Kavanaugh Limitless (2011) Los Angeles Lynwood Spinks producer Ron Burkle Ryan Kavanaugh Ryan Kavanaugh Net Worth The Fighter (2010) United States University of California University of Southern California Zombieland (2009), University of Southern California, University of California, Los Angeles, Jessica Roffey (m. 2015), Britta Lazenga (m. 20112014), Immortals, The Fighter, Limitless, Safe Haven, Out of the Furnace, Mirror Mirror, The Best of Me, A Perfect Getaway, 3 Days to Kill, Dear John, 21 & Over, Movie 43, Beyond the Lights, Earth to Echo, The Family, Take Me Home Tonight, Brothers, The Strangers 2, Scoop, Stone, Management, Bed & Breakfas, TV Series executive producer 19 episodes, Talladega Nights: The Ballad of Ricky Bobby, In the House with Peter Bart & Peter Guber. LOS ANGELES, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Ryan Kavanaugh, in tandem with Proxima Media and Lifeboat Productions' Amy Kim and Jaime Burke, proudly announces their new banner production company called The Quad. Ryan and Ethan have since been going back and forth within the lawsuit, highlighted on The H3 Podcast. Ryan Kavanaugh used this model to execute a deal for Marvel Studios, which led to the creation of the Marvel Cinematic Universe, a franchise now worth $25 billion. The platform has recently garnered an increase in downloads because the prominent podcast H3 podcast has promoted it. America's Richest Self-Made Women. 19 May, 2021. Prior to its sale the company had 40 television series on air across 19 networks. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. JF Producer. . Ryan Kavanaugh, the organizer, and CEO of the video-sharing application Triller experienced childhood in Brentwood, California. [20], In May 2011, Elliott Associates attempted to rein in Kavanaugh's management. Ryan Kavanaugh is a guy who had a dream and sought out to achieve that . Based on a feature-length documentary Kavanaugh bought in 2010, about a man who falls in love online with a woman who proves to be a fake, the TT. He was 69. Birthplace: Los Angeles, California, USA. Ryan Kavanaugh was founder and CEO at Relativity Media, which was engaged in multiple aspects of entertainment, including film and television financing; production and distribution; music publishing; sports management and digital media. At the point when Relativity Media looked into going chapter 11 of every 2015, Kavanaughs total assets dove underneath $1 billion. Reading Time: 3 minutes. Relativity CEO Ryan Kavanaugh Takes Legal Action Against 'New Yorker' Burkle Profile, UPDATE Ryan Kavanaugh, would-be king of tinseltown. [12] Michael Sitrick, an executive[14] and Kavanaugh family friend,[15] also sued, alleging that Kavanaugh violated terms of their agreement and placed most of Sitrick's $6 million investment into a type of Ponzi scheme at a company where Kavanaugh was a board member. Through Relativity, he has financed more than 200 films representing more than $17 billion in revenue (earning the nickname "Billion Dollar Producer").