U.S. Bankruptcy Court Judge Michael Wiles approved a revised incentive program for key staffers with
Ryan Kavanaugh‘s Relativity Media at a New York court hearing on Monday.
The judge also granted Relativity attorney Craig Wolfe’s request to keep the specific dollar amounts of the Key Employee Incentive Plan for 10 major employees placed under seal so that competitors can’t back into compensation information.
The salaries for these individuals, including the lucrative TV division’s Thomas Forman and Andrew Marcus, had not previously been disclosed, Wolfe noted.
Also Read: Relativity Proposes Selling Nicholas Hoult Movie 'Collide' Back to Financiers
Wiles agreed. “In the real world, people don’t publish their salaries,” the judge said. “In the real world, this is information that is considered confidential, commercial information.”
In a court filing on Sunday, Relativity chief restructuring officer Brian Kushner had responded to the concerns of the U.S. Trustee about the incentive plan.
Kushner promoted one person into the incentive program, Relativity Music President Robert Bowen. The studio now seeks $580,122 for the group of eight top execs — including President
Tucker Tooley, Managing Director Carol Genis, CFO Andrew Matthews and COO Greg Shamo.
Also Read: Relativity Bankruptcy: Bids Are In, What Happens Next?
Company CEO and founder
Ryan Kavanaugh is not included in the incentive program.
An additional $655,000 is set aside for Forman and Marcus, to be judged by a separate set of standards related to the performance of the TV division.
The bonuses for the 10 executives would amount to 7.6 percent of their annual salaries and are conditional on their remaining through the completion of the sale, Kushner said.
51 Fall Movies on Our Radar: From 'Black Mass' to 'The Revenant' (Photos)
"Pawn Sacrifice" - Sept. 16The movie follows chess champion Bobby Fischer (Tobey Maguire) who prepares for his game against Russian Boris Spassky (Liev Schreiber).
"Black Mass" - Sept. 18Starring Johnny Depp, Joel Edgerton, Benedict Cumberbatch, Dakota Johnson and Corey Stoll, the film follows the true story of Whitey Bulger, one of the most notorious criminals in U.S. hi...
"Everest" - Sept. 18Mountain climbers on Mt. Everest are stuck in a severe, dangerous snowstorm in this drama starring Jake Gyllenhaal, Keira Knightley and Robin Wright.
"Maze Runner: The Scorch Trials" - Sept. 18After escaping the Maze, the group now needs to face challenges on the open road with new obstacles.
"Sicario" - Sept. 18An FBI agent is enlisted by an elected government task force to help in the war against drugs at the border between the U.S. and Mexico. The film stars Emily Blunt, Jon Bernthal, Josh Brolin an...
"99 Homes" - Sept. 25Andrew Garfield stars as a young father who struggles to get back his home after a recession-induced eviction.
Broad Green Pictures
"Stonewall" - Sept. 25Jeremy Irvine stars as a young man who arrives in New York City in the late 1960s in time to experience first-hand the riots at the Stonewall Inn that kicked off the modern gay-righ...
"The Intern" - Sept. 25Anne Hathaway, Robert De Niro and Nat Wolff star in this touching comedy about a 70-year-old man interning at a fashion company.
"The Walk" - Sept. 30Robert Zemeckis' 3D film follows the true story of French high-wire artist Philippe Petit (Joseph Gordon-Levitt), who attempted to walk across the Twin Towers of the World Trade Center in 1...
"Freeheld" - Oct. 2In another fact-based drama set before the nationwide ruling for same-sex marriage, New Jersey cop Laurel Hester (Julianne Moore) and her domestic partner Stacie Andree (Ellen Page) struggle to ...
"The Martian" - Oct. 2Starring Matt Damon, Kate Mara, Kristin Wiig, Jessica Chastain and Michael Pena, the sci-fi drama is about an astronaut presumed dead after a storm on Mars. But he is alive, and tries ...
20th Century Fox
"He Named Me Malala" - Oct. 2A documentary that chronicles the events leading up to the Talibans' attack on young Pakistani girl, Malala Yousafzai, for speaking out on girls' education.
"Pan" - Oct. 9In the latest remake of "Peter Pan," an orphan (Levi Miller) goes to Neverland to become the hero named Peter Pan. Hugh Jackman, Cara Delevingne, Rooney Mara, Amanda Seyfried, Garrett Hedlund also...
"Steve Jobs" - Oct. 9Starring Michael Fassbender, Kate Winslet and Seth Rogen, the biopic follows the true life story of Apple pioneer Steve Jobs.
"Beasts of No Nation" - Oct. 16Idris Elba headlines a drama about the experiences of child soldier Agu fighting a civil war in an unnamed west African country.
"Bridge of Spies" - Oct. 16During the Cold War, a U.S. lawyer (Tom Hanks) is recruited by the CIA to rescue a pilot captured in the Soviet Union.
Walt Disney Studios
"Crimson Peak" - Oct. 16Writer-director Guillermo del Toro's latest feature has a Gothic setup: Following a family tragedy, an author (Mia Wasikowska) is swept away to a creepy house to be with her husband (Tom Hi...
"Goosebumps" - Oct. 16A kid teams up with the niece of R.L. Stine, the children's horror author, after demons are set free in Maryland.
"Room" - Oct. 16Brie Larson plays a mother who is locked in a room with her 5-year-old son until they escape and are forced to face the realities of the world.
"Truth" - Oct. 16The movie offers a closer look at news anchor Dan Rather (Robert Redford) in his final days at CBS News, after broadcasting a damaging story about President George W. Bush.
Sony Pictures Classics
"Burnt" - Oct. 23Adam Jones (Bradley Cooper) destroyed his career as chef with drugs and divalike behavior. He cleans himself up and goes to London to spearhead a restaurant that can gain three Michelin st...
"Rock the Kasbah" - Oct. 23A music manager (Bill Murray) discovers a teenager with a powerful voice while on a music tour through Afghanistan, and takes her to Kabul to compete on the popular TV show "Afghan Star....
"Suffragette" - Oct. 23The film, whose cast includes Starring Meryl Streep, Carey Mulligan and Helena Bonham Carter, follows the early feminist movement in the U.K. as women struggled to earn the right to vote.
"Our Brand Is Crisis" - Oct. 30 Like "Freeheld," this film is based on a documentary. In this one, Sandra Bullock and Billy Bob Thornton play dueling American political campaign strategists hired by rivals in B...
"Jem and the Holograms" - Oct. 23A small-town girl (Audrey Peeples) becomes a global superstar, and embarks on a journey with her three sisters to discover that some talents are too good to be hidden.
"Scouts Guide to the Zombie Apocalypse" - Oct. 30Three scouts have to save the world from a zombie outbreak on the eve of their last camp-out.
"Brooklyn" - Nov. 6Saoirse Ronan stars in a drama set in the 1950s Ireland and New York, as her character Ellis Lacey is torn between two men and two countries.
"Spectre" - Nov. 6In Daniel Craig's fourth movie as James Bond, a cryptic message sends 007 to uncover a sinister organization. Ralph Fiennes' M tries to keep the secret service alive, while Bond attempts to reveal the ...
"Spotlight" - Nov. 6Starring Rachel McAdams, Liev Schreiber, Michael Keaton and Mark Ruffalo, this drama tells the true story of how the Boston Globe uncovered a scandal of child molestation within the local Catho...
"Trumbo" - Nov. 6Bryan Cranston portrays successful Hollywood screenwriter Dalton Trumbo, who's accused of being a Communist in the 1940s and blacklisted by the film industry. Elle Fanning, Helen Mirre...
Bleecker Street Media
"The Peanuts Movie" - Nov. 6Snoopy goes on a mission to pursue his arch-nemesis, the Red Baron, while best friend Charlie Brown starts his own quest back home.
"Love the Coopers" - Nov. 13Four generations of the Cooper family come together for a gathering, at which they discover new family bonds and the spirit of holidays. Olivia Wilde, Amanda Seyfried, Marisa Tomei, Ed Helms, Di...
"By the Sea" - Nov. 13Angelina Jolie Pitt wrote, directed, and stars in this film with husband Brad Pitt about a couple who travel to a tranquil and picturesque seaside resort in 1970s France while their marriage ...
"The 33" - Nov. 13Patricia Riggen's film is based on the 2010 collapse of a Chilean gold and copper mine -- in which 33 miners were trapped for 69 days. The film stars Antonio Banderas, Cote de Pablo, Rodrigo S...
"Carol" - Nov. 20A department store clerk (Rooney Mara) falls for an older, married woman (Cate Blanchett) in Todd Haynes' romantic drama set in 1950s New York.
"Secret in Their Eyes" - Nov. 20Julia Roberts, Chiwetel Ejiofor and Nicole Kidman star in a drama about an FBI agent (Roberts) who embarks on a long investigation for her daughter's killer.
"The Hunger Games: Mockingjay, Part 2" - Nov. 20In the fifth and final movie of the franchise, Katniss Everdeen (Jennifer Lawrence) and her comrades in District 13 embark a full-on revolution against the Capitol.
"Creed" - Nov. 25Sylvester Stallone returns as Rocky Balboa, this time serving as trainer and mentor to Adonis Creed (Michael B. Jordan), the son of former enemy Apollo Creed.
"The Good Dinosaur" - Nov. 25Pixar's movie about the epic journey into the world of dinosaurs features an Apatosaurus as he makes an unlikely friend: a human boy.
Walt Disney Pictures
"Victor Frankenstein" - Nov. 25In this retelling of Mary Shelley's classic, Daniel Radcliffe's Igor takes center stage as we learn about his dark origins and how he became the assistant of scientist Victor Frankenstein ...
"The Danish Girl" - Nov. 27Eddie Redmayne slips into the role of transgender pioneer Lili Elbe, who had what is considered the first successful gender reassignment surgery. Alicia Vikander and Amber Heard costar.
"I Saw the Light" - Nov. 27The film, which chronicles the life and tragic death of Country singer Hank Williams, stars Tom Hiddleston, Elizabeth Olsen and Bradley Whitford.
Sony Pictures Classics
"In the Heart of the Sea" - Dec. 11In Ron Howard's film, a 19th-century whaling ship is preyed upon by a sperm whale, which strands the crew at sea for 90 days. The film stars Chris Hemsworth, Tom Holland, Cill...
"Sisters" - Dec. 18Amy Poehler and Tina Fey play two sisters who throw one last party before their parents sell the house where they grew up.
"Star Wars: The Force Awakens" - Dec. 18The continuation of the "Star Wars" saga, set 30 years after "Return of the Jedi," stars Harrison Ford, Mark Hamill, Carrie Fischer, Adam Driver, John Boyega and Daisy Ridley.
"Concussion" - Dec. 25Will Smith stars as Dr. Bennet Omalu, the neuropathologist who made the discovery of CTE, the football-related brain trauma. The film also features Alec Baldwin, Stephen Moyer and Luke Wi...
"Joy" - Dec. 25Jennifer Lawrence and Bradley Cooper step in front of the camera again in "Joy," a film about a suburban mom who launches a domestic goods empire. Robert De Niro and Dascha Polanco costar.
"Snowden" - Dec. 25Director Oliver Stone's account of the true story of Edward Snowden (Joseph Gordon-Levitt), who fled the country after notoriously leaking thousands of classified government documents.
"The Hateful Eight" - Dec. 25A bounty hunter (Kurt Russell) gets caught in a blizzard in 19th-century Wyoming and finds shelter with some very suspicious strangers. Quentin Tarantino's Western also stars S...
"The Revenant" - Dec. 25Leonardo DiCaprio stars as Hugh Glass, a trapper on the 19th-century American frontier seeking revenge on the people who left him for dead after a bear mauling. Tom Hardy, Will Poulter and Domhna...
"Point Break" - Dec. 25In an updated reboot of the 1991 Keanu Reeves action classic, a young FBI agent (Luke Bracey) goes undercover to infiltrate a team of extreme-sports athletes he thinks are masterminding c...
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