A success story is what makes beginners want to read to help motivate themselves to do more and to work harder. If this interests you, then you need to hear about the story of Ryan Kavanaugh. He is a movie mogul who had ups and downs in his life but continued to fight to become successful. Life was not easy for him, but he continued to move forward.
Introducing, Ryan Kavanaugh
Ryan Kavanaugh is a very well-known man in the movie industry. After attending the University of California, Los Angeles, he knew that he wanted to start his career in the entertainment industry. Not to be an actor or an artist, but to be the man behind the scenes. So he started working by providing slate-financing arrangements for famous studios. Later on, he founded Relativity Media and begun to live the dream.
From A Consultant to a Movie Mogul
Kavanaugh started as a consultant for smaller businesses. In the late 90s, he asked his father for a loan so he can start his hedge fund, but his dad declined. Instead of feeling disappointed, this did not stop him from finding a way to enter the entertainment industry. So when he founded Relativity Media, he knew that this is his chance to succeed. He created a Monte Carlo Model which led him to get the deal for Marvel Studios. “The Model” can help predict the odds of a film. Since then, Relativity became a significant name in the movie industry. With that, Kavanaugh has also made a name for himself.
Moving On From Relativity
All good things can sometimes come to an end. And for Ryan Kavanaugh, this happened when Relativity Media filed for Chapter 11 in 2015. Kavanaugh stepped down as CEO by the end of 2016. He continued to control Relativity being the largest shareholder of the company. Relativity has expanded into television, sports management, and even in digital content in 2013. The company aimed to have greater leverage to become a global media company. When 2018 came, the company filed for bankruptcy again.
Kavanaugh wants to put his past behind. He recently announced that he has a new company, Proxima Media. He explained in his interviews that he has learned from his past mistakes. Proxima Media is going to be a fresh start for him. There is no doubt that he will make this new venture a success once again. He did it once, and for sure, he will do it again.