The sale of the Weinstein company finalized, Lantern owners take over, Life & Culture

Tue, 17 Jul 2018 – 6:25 AM

[NEW YORK] Harvey Weinstein's unique production company does not exist anymore. On Monday, his new owners confirmed that they had entered into the purchase of The Weinstein Company and introduced his successor, Lantern Entertainment.

Weinstein was sold to Lantern Capital Partners for US $ 289 million in an agreement signed nine months after Weinstein. his career fell into free fall following explosive allegations of sexual assault, rape and harassment.

The sale amounts to more than 20 million US dollars less than the originally announced price of 310 million US dollars. The new co-owners of Lantern Entertainment, Andy Mitchell and Milos Brajovic

would say, would be "anchored by creativity in a culture based on meritocracy" and in all disciplines, they were "extremely motivated". to become an avant-garde force in this industry. "

Last Thursday, The Weinstein Company announced that four of its five board members would resign at the close of the sale, including Bob Weinstein and his co-founder

. Lantern has a library of over 270 films, which have generated more than $ 2 billion in global box office, as well as a television company that includes the reality TV series, "Project Runway."

Among the film titles are the winners of the Oscars "The King's Speech" and "The Artist", as well as "Inglourious Basterds", "Silver Linings Playbook" and "The Hateful Eight."

"The Upside "with Bryan Cranston and Nicole Kidman and" The Current War "with Benedict Cumberbatch

Lantern Entertainment, with offices in Dallas, Los Angeles and New York, said he was committed to being a culture" [19659003] Lantern Capital, a Texas-based private equity firm, was the winning bidder when The Weinstein Company was obliged to declare bankruptcy.

Weinstein's career imploded in October O in a blaze of accusations of sexual misconduct and abuse by dozens of women who triggered a major judgment on harassment at work and the #MeToo movement.

He is now fighting six counts of sexual assault and rape in New York. risk a maximum sentence of life imprisonment if he is tried and found guilty of the most serious charges. The former producer pleaded not guilty.

AFP