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Mexico City – After months of fluctuations, The Weinstein Company, the film studio co-founded by Harvey Weinstein, who went bankrupt on charges of sexual abuse against the producer, been left Monday officially under the control of Lantern Capital investment fund.
Lantern, based in Dallas, Texas, had initially planned to pay $ 310 million for the study, but the amount was $ 289 million, after a refund because some information about the Weinstein firm was erroneous
After closing the last details last week, the transaction was validated Monday by a Delaware Bankruptcy Court Judge, in the United States.
The board of directors of the New York study, founded by Harvey Weinstein and his brother Bob in 2005, confirmed Thursday the resignation of four of its five members – including President Bob Weinstein – and the departure of 20 employees, one third of the remaining staff.
Although the end sale, are still far from solving all the problems of the study, whose business has declined with the accused producer.
Several big names in Hollywood like Quentin Tarantino, Mer and Streep or George Clooney had signed a motion this week to delay the sale, arguing that the studio owed them money and that they did not have the money. had no agreement with the buyers.
They are not the only ones. The list of creditors awaiting compensation for the study includes, among others, the alleged victims of Harvey Weinstein
This has long affected the transfer of the study and its recovery. The lantern project was negotiated in collaboration with the New York State Attorney's Office, which had blocked a first attempt at acquisition because it considered insufficient provisions to compensate the alleged victims. .
In addition to a catalog of 277 films, Between his "The King's speech" or "The artist", Weinstein Company has several finished films awaiting distribution. An example of this is The Upside, a remake of The Untouchables, starring Nicole Kidman and Bryan Cranston, which should have been released in October 2017, when the scandal erupted.
Harvey Weinstein, 66, long a favorite Hollywood producer for the promotion of an original film like that of Quentin Tarantino, has been accused since last October of sexual abuse, harassment or of rape, by stars like Angelina Jolie, Ashley Judd and Salma Hayek
sex, including rape, by three different women
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New owner. The film studio co-founded by Weinstein went bankrupt for abuse.
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