Netflix wants to rip up distribution deal with bankrupt Relativity

The love-hate triangle featuring Netflix, Relativity Media and Kevin Spacey has swung back to the dark side — at least as far as Netflix is concerned.

The video-streaming service on Friday filed an appeal of a judge’s order that confirmed the reorganization of Ryan Kavanaugh’s bankrupt studio.

Bankruptcy Judge Michael Wiles confirmed Relativity’s plan on Feb. 8.

The studio will emerge from reorganization as soon as it raises the money needed to operate.

Netflix objected to Relativity’s reorganization because Kavanaugh’s studio, it claimed, violated terms of its distribution deal by not delivering a contractually designated number of films for distribution.

Netflix wants the distribution deal torn up.

But Wiles decided to keep the deal and said Netflix’s only recourse for an under-delivery of films is to withhold payment.

That’s the nub of Netflix’s appeal, which, if successful could undermine nearly seven months of bankruptcy proceedings — and leave Spacey with no Relativity Studios to manage.

Spacey is somewhat caught int he middle. He’s the star of Netflix’ “ House of Cards” but earlier this year agreed to run Relativity’s studio.

Relativity called Netflix’s appeal “a last-ditch effort to unfairly leverage the Chapter 11 process to only their advantage.”

Netflix did not respond.