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After months of fluctuations, The Weinstein Company, the studio co-founded by Harvey Weinstein, which went bankrupt on charges of sexual abuse against the producer, was officially left under the control of the fund. investment Monday. Lantern Capital .
Lantern, based in Dallas, Texas, originally planned to pay $ 310 million for the study, but the amount was $ 289 million, after a refund because some information about Weinstein's signature was false. After closing last details last week, the transaction was validated Monday by a Delaware Bankruptcy Court Judge, in the United States.
The New York studio board of directors, founded by Harvey Weinstein and his brother Bob in 2005, confirmed Thursday the resignation of four of his five members – including President Bob Weinstein – and the departure of 20 employees, one third of the remaining staff. Although the sale has ended, all the problems for the studio, whose business has declined with the accused producer, are far from being solved.
Several Hollywood big names such as Quentin Tarantino, Meryl Streep or George Clooney had signed a motion this week to delay the sale, arguing that the studio owed them the same. money and that they had no agreements 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 the provisions compensate the alleged victims. . In addition to a catalog of 277 films, among them 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 with Nicole Kidman and Bryan Cranston, who was due to leave in October 2017, when the scandal broke out.
Harvey Weinstein, 66, long a Hollywood favorite producer for the promotion of an original film like Quentin Tarantino, has been accused since last October of sexual abuse, harassment or rape, by stars like Angelina Jolie, Ashley Judd and Salma Hayek. The producer was charged in New York with sexual assault, including rape, by three different women.
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