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FILE - In this Jan. 20, 2015 file photo, Ryan Kavanaugh, chief executive officer of Relativity Studios, attends the Los Angeles Premiere of "Black or White" held at Regal Cinemas in Los Angeles. Relativity Media, the struggling "mini major" Hollywood studio behind movies such as "Immortals" and "Mirror Mirror," has filed for Chapter 11 bankruptcy protection. The filing Thursday, July 30, 2015, came a day after Relativity announced it was laying off 75 of its approximately 350 employees. (Photo by Paul A. Hebert/Invision/AP, File)

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