01/06/2009 05:12 am ET | Updated May 25, 2011

Ryan Kavanaugh, Hollywood Financier, Is Arrested Again

Ryan Kavanaugh, one of Hollywood's most prominent film financiers, was arrested for drunk driving, speeding and driving with a suspended license in October while still on probation for an earlier conviction for driving under the influence of alcohol.

The new charges, which came to light as a result of court filings made in advance of a hearing to be held next Friday, confront Mr. Kavanaugh with a fight to avoid penalties that could include jail time. That is an unwelcome complication for Relativity Media, of which he is chief executive: the company is embroiled in litigation with Citigroup, a major entertainment industry lender, and is wrestling with a credit crunch that has made it difficult to finance big studio films.

Mr. Kavanaugh, who turned 34 on Thursday, has business ties to nearly every major movie studio. His company's big deals completed within the last year include a $550 million partnership with Sony Pictures Entertainment to be co-financer of the majority of the studio's mass-market films over five years. Relativity also has single-film projects in the works that involve DreamWorks, Paramount Vantage and Metro-Goldwyn-Mayer, according to Studio System, an industry database owned by The New York Times Company.

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