And Kavanaugh, feuding with investors, wound up on the cover of The Hollywood Reporter. Since Relativity’s bankruptcy, Kavanaugh has been involved in all sorts of projects as well as legal entanglements. In 2017, Kavanaugh launched a new company, Proxima Media, and along with an individual named Elon Spar, he pursued a new entertainment stock exchange. This endeavor, however, got off to an inauspicious start with Kavanaugh and Spar pointing fingers at each other over funding and secrets. Spar even accused Kavanaugh of operating a “Ponzi scheme,” which Variety picked up for the headline of its own story on the controversy. This will become relevant later more on what happened in a bit. In the meantime, just know that Kavanaugh and Spar were able to find some sort of resolution. Kavanaugh’s Proxima then acquired a majority interest in Triller, a social media site that, among other things, has distributed pay-per-view boxing matches featuring notables like Mike Tyson, Roy Jones Jr. And when people started pirating those fights, Triller filed many copyright suits. One of the targets was Ethan Klein, whose H3 Podcast used a clip of a Jake Paul fight. This has led to yet another feud for Kavanaugh, one that has escalated over the past several months. Klein has attacked Kavanaugh mercilessly on his podcast.
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