According to Variety, Relativity Studios might be selling off domestic distribution rights for both the remake of The Crow and the action/thriller Hunter Killer to STX Entertainment for $150 million. The reason for this possible negotiation is due to the fact that Relativity Studios is in the hole about $350 million to its investors and needs to come up with the money to repay lenders.
If the deal goes through Relativity would still have foreign distribution rights. President Tucker Tooley comments:
We frequently have other studios approach us about partnering on some of our films which we have done several times in the past. STX has recently approached us. Relativity Studios has no interest in selling ‘The Crow’ or ‘Hunter Killer’ outright and no deal has been reached.
Both films are currently in pre-production, although The Crow recently lost its lead Jack Huston, who dropped out citing scheduling difficulties.
