Critical Content, borne out of the October bankruptcy of Relativity Media, was formally launched Wednesday as an independent content studio producer that will, in part, replace Relativity’s television division.

Variety reports that the Hollywood company will operate under the leadership of Tom Forman and president Andrew Marcus. The duo has spent the past three months re-engineering operations after the detachment of Ryan Kavanaugh from Relativity. Critical Content’s emergence was backed by an investor group led by Anchorage Capital Group, with $75 million in equity.