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Economics
Tuesday, July 17, 2018
Once Harvey Weinstein was a powerful Hollywood magnate, now the 66-year-old man is charged with badual badault and is waiting to be judged. His company had to declare bankruptcy, liquidation. Now, a solution has been found.
After a long and furious struggle, the sale of the film company of former Hollywood magnate Harvey Weinstein is finally over. Lantern Capital, based in Texas, paid $ 289 million to the movie studio, US media reported. They now want to become a "forward thinking force in the industry," said Lantern Capital founders Andy Mitchell and Milos Brajovic. The company, now renamed Lantern Entertainment, has purchased a film library with more than 270 titles, as well as numerous unpublished documents.
Weinstein had the company "The Weinstein Company" (TWC) in 2005 with his brother Bob founded. TWC has had many successes, winning Oscars for the movies "The King's Speech" and "The Artist", but recently had financial problems. After Harvey Weinstein was charged with badual badault, the company had to declare bankruptcy in March. Of the 140 or so former employees, there are only about 50 left. The sale of the company to another group of investors, which also included the founders of Lantern Capital, had erupted several times, notably because of successive debts of several million
Weinstein pleads not guilty
. , The directors and producers are trying to stop the planned sale. They complained about Weinstein's overdue payments for films and series already produced and doubted Lantern Capital would pay them back. Among those affected were, among others, the actor Brad Pitt, George Clooney, Jake Gyllenhaal, Julia Roberts, Meryl Streep and Robert De Niro and the director Quentin Tarantino
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