EXCLUSIVE:The management/production companyCavalry Mediaappears to be circling the drain.
Were hearing that the company co-founded by Keegan Rosenberger and therecently exitedDana Brunettiis in financial chaos.
How desperate is it?
Some employees are owed as much as $50K to a half-million in back pay and commissions.
Legal suits to get backpay are mobilizing, Deadline hears.
Before Cavalry, Rosenberger previously headed strategy and corporate development at Relativity Media.
Morale has bottomed out within the ranks.
A legal rep for Cavalry staffers provided no comment to Deadline.
Staff is now trying to find new jobs and extract whatever projects they can from the company.
Brunetti is the only staffer to date who has left the companyas Deadline first reported.
Rosenberger, we understand, is not drawing a salary from the company.
Some were told by senior management that commission monies had been deposited.
In order for them to receive it, they would need to remove their wage claims.
Cavalry employees were informed last Halloween that their health insurance was ending the following day.
Some believe the company didnt pay for health insurance even before that date.
The last paycheck for some came on Dec. 30, with no paychecks since.
More irony: Cavalry Media doesnt have any offices with the firm working remotely since the pandemic.
Meaning, theres no costly monthly rental.
Cavalry Media hasnt had any TV series or films that had been released.
Some of that might be attributed to Covid.
Other series in development includeMotorheadsat Amazon Studios andThe Devil Withinat Epix.
Cavalry has been named inRustsuits given that star/producer Alec Baldwin and director Joel Souza are clients of the firm.
This despite the fact that its two income streams are commissions and podcasts.
We will keep you posted on what happens next.
