Relativity Media LLC pushed back a key bankruptcy court hearing scheduled for Wednesday as questions linger about its pending exit from chapter 11, the Wall Street Journal reported today. Court papers filed on Monday with the U.S. Bankruptcy Court in Manhattan show Relativity adjourned the hearing at which Judge Michael Wiles was to deal with remaining objections to its bankruptcy-exit proposal, rescheduling for March 31. The adjournment comes as creditor Netflix Inc. has raised questions in court and in court papers about Relativity’s ability to meet conditions needed to secure Judge Wiles’s final approval of its bankruptcy-exit plan. When the judge preliminarily approved the plan last month, he said that Relativity must procure at least $80 million in new funding and complete deals that would make actor Kevin Spacey the studio’s chairman and producer Dana Brunetti as its president.
