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Relativity Bankruptcy Moves Forward With Resolution Of Procedural Issues

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This morning’s U.S. Bankruptcy Court hearing wasn’t exciting — but it swept away some of the issues Relativity Media needed to resolve as it plans for a sale to take it out of Chapter 11 bankruptcy protection. The studio said that it privately reached an agreement with creditor Macquarie Investments to re-word the terms governing handling of so-called “de minimis” assets — typically non-strategic properties worth less than $1.5 million. The firm had complained that…

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