Ryan Kavanaugh Explains His Leap Back Into Hollywood With a Big China Deal

WAXWORD

“I don’t go to premieres. I won’t be on set. I won’t take credits,” he says

Ryan Kavanaugh is back. The movie financier-producer — once a media darling turned pariah after his Relativity Media ended up in bankruptcy, twice — swore three years ago he was leaving Hollywood and never coming back.

Turns out he changed his mind. (Hollywood often has that effect on people.) Always one to zig when others zag, and by anyone’s measure one of the most charming salesmen Hollywood has ever produced, Kavanaugh is back with a new company called Proxima and a big deal he says is worth $250 million to make American films in China.

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Sharon Waxman

Sharon Waxman

Sharon Waxman, is the founder, CEO and Editor in Chief of TheWrap. She is an award-winning journalist and best-selling author, and was a Hollywood correspondent for The New York Times.