Relativity Has Been Paid $283 Million by Netflix for Licensing Fees

Netflix Inc. has paid Relativity Media LLC $283 million in license fees since 2010 to use its films on its DVD-streaming service. Read the Daily Bankruptcy Review article via The Wall Street Journal.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

DBR reports via WSJ on the Great Atlantic & Pacific Tea Co.’s plan to sell 12 of its stores to Wakefern Food Corp. for $40 million at an auction next month.

American Apparel Inc. got a delisting notice from the New York Stock exchange, WSJ reports.

WSJ reports on the death of legendary Texas investor Richard Rainwater, who once helped steer Kmart through bankruptcy and made a lot of money for investors buying the retailer’s debt.

Detroit officials will try to persuade investors and other professionals who have ties to come back to Detroit in a three-day “homecoming” event, the Associated Press reports.

(And don’t forget to check out what is happening this week on the bankruptcy docket.)

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa