Relativity Sues Netflix Seeking Over $1.5 Billion in Damages

TheWrap: Relativity Media has sued Netflix for breach of contract and libel, claiming that a “bad faith scheme” by the streaming giant caused the studio “damages in excess of $1.5 billion.” Lawyers for the company claimed that Netflix used them to gain standing in Hollywood, and then ruthlessly attempted to dissolve an output deal so lucrative that Relativity became dependent on its guaranteed payments to survive.