When Ryan Kavanaugh‘s “new age” film and television studio Relativity Media failed in 2016, many areas of Hollywood applauded his punishment. The aggressive, quick-witted businessman had been portraying himself for years as a Hollywood prophet who would change many of the conventions and standards of the business. Instead, Relativity reportedly burned through $100 million in two years, filing into bankruptcy twice.
Relativity Media founder Ryan Kavanaugh revolutionised the way movies are produced in Hollywood by developing a cutting-edge financial model that can forecast the likelihood that any particular movie would be a financial success. The Social Network, “3:10 to Yuma,” and other critically acclaimed films as well as box office successes like “Paul Blart: Mall Cop” were all made possible because to this ground-breaking commercial strategy, a modified version of the Monte Carlo approach.
The whole Hollywood industry quickly embraced this technique, which fundamentally altered the nature of media and the way films were made. One significant outcome of his work and creative business methods was the founding of Marvel Studios and the subsequent development of the Marvel Cinematic Universe, which resulted in a movie franchise with a value of over $25 billion. In total, almost 200 films that Ryan has produced, released, or funded have earned over $17 billion in revenue and 60 Oscar nominations.
Triller’s bold attempt to revitalise boxing’s storied history is likewise off to a quick start. This Saturday, Triller’s Fight Club will broadcast a fight in Atlanta between former MMA champion Ben Asken and YouTube celebrity and occasional boxer Jake Paul for $49.99 per download. The concert will feature performances by Justin Bieber, the Black Keys, and Ice Cube alongside Snoop Dogg in an effort to appeal to audiences outside of the dwindling boxing fanbase.
Triller was a surprising return for Kavanaugh, who at the age of just 40 had been shunned by the entertainment industry following Relativity’s failure, which the CEO attributes to unreliable business partners and OneWest’s abrupt withdrawal of millions in bank financing. He claims, “I attempted to make Relativity work.” “It was just too challenging. Everyone extended their hand. So, in 2016, we declared its termination.