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The Weinstein Company

From Wikipedia, in a visual modern way
The Weinstein Company, LLC
TypePrivate
IndustryFilm
PredecessorMiramax
FoundedMarch 10, 2005; 18 years ago (2005-03-10)
FoundersBob Weinstein and Harvey Weinstein
DefunctJuly 16, 2018 (2018-07-16)
FateChapter 11 bankruptcy
SuccessorsStudio:
Lantern Entertainment
Library:
Lionsgate
Headquarters99 Hudson Street,
New York City, New York
,
United States
ProductsFeature films
Number of employees
150 (2018)
SubsidiariesThe Weinstein Company Home Entertainment
Dimension Films
Dimension Home Entertainment (post-2005 titles only)
Dimension Extreme
Dimension Television
Ovation TV
Weinstein Books
Dragon Dynasty
Mizchief
TWC-Dimension
RADiUS-TWC
Kaleidoscope-TWC
The Miriam Collection
Footnotes / references
[1][2]

The Weinstein Company (usually credited or abbreviated as TWC) was an American independent film studio, founded in New York City by Bob and Harvey Weinstein on March 10, 2005. TWC was one of the largest mini-major film studios in North America as well as in the United States; prior to the firing of Harvey Weinstein following allegations of sexual harassment and rape against him, as well as financial troubles that followed. The studio eventually declared bankruptcy in February 2018, with independent studio Lantern Entertainment acquiring a majority of its film library and assets.[3] Founder and chief executive Bob Weinstein previously owned a small stake in the company.[4]

The company dismissed joint founder and chief executive Harvey Weinstein in October 2017, after over 100 women came forward to accuse him of sexual harassment, abuse, assault, or rape.[5]

On February 26, 2018, the Weinstein Company announced in a statement that it would declare bankruptcy following the collapse of a buyout deal with an investor group led by Maria Contreras-Sweet.[2][6] However, the TWC board and the investor group confirmed on March 1, 2018, that they had reached a deal in which TWC would sell all of its assets for US$500 million.[7][8] On March 6, 2018, the acquisition deal collapsed again after the studio had an extra debt of US$50 million revealed.[9] The company filed for Chapter 11 bankruptcy on March 19, 2018.[10] On May 1, 2018, Lantern Capital emerged as the winner of the studio's bankruptcy auction.[11]

Discover more about The Weinstein Company related topics

Film studio

Film studio

A film studio is a major entertainment company or motion picture company that has its own privately owned studio facility or facilities that are used to make films, which is handled by the production company. Most firms in the entertainment industry have never owned their own studios, but have rented space from other companies.

New York City

New York City

New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over 300.46 square miles (778.2 km2), New York City is the most densely populated major city in the United States and more than twice as populous as Los Angeles, the nation's second-largest city. New York City is located at the southern tip of New York State. It constitutes the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the U.S. by both population and urban area. With over 20.1 million people in its metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, New York is one of the world's most populous megacities, and over 58 million people live within 250 mi (400 km) of the city. New York City is a global cultural, financial, entertainment, and media center with a significant influence on commerce, health care and life sciences, research, technology, education, politics, tourism, dining, art, fashion, and sports. Home to the headquarters of the United Nations, New York is an important center for international diplomacy, and is sometimes described as the capital of the world.

Bob Weinstein

Bob Weinstein

Robert Weinstein is an American film producer. He is the founder and head of Dimension Films, former co-chairman of Miramax Films and The Weinstein Company (TWC), all of which he co-founded with his older brother, Harvey. He has focused on making action and horror films.

Harvey Weinstein

Harvey Weinstein

Harvey Weinstein is an American former film producer and convicted sex offender. He and his brother, Bob Weinstein, co-founded the entertainment company Miramax, which produced several successful independent films including Sex, Lies, and Videotape (1989); The Crying Game (1992); Pulp Fiction (1994); Heavenly Creatures (1994); Flirting with Disaster (1996); and Shakespeare in Love (1998). Weinstein won an Academy Award for producing Shakespeare in Love and also won seven Tony Awards for plays and musicals including The Producers, Billy Elliot the Musical, and August: Osage County. After leaving Miramax, Weinstein and his brother Bob founded The Weinstein Company (TWC), a mini-major film studio. He was co-chairman, alongside Bob, from 2005 to 2017.

Harvey Weinstein sexual abuse cases

Harvey Weinstein sexual abuse cases

In October 2017, The New York Times and The New Yorker reported that dozens of women had accused film producer Harvey Weinstein of rape, sexual assault and sexual abuse over a period of at least 30 years. Over 80 women in the film industry eventually accused Weinstein of such acts. Weinstein himself denied "any non-consensual sex". Shortly after, he was dismissed from The Weinstein Company (TWC), expelled from the Academy of Motion Picture Arts and Sciences and other professional associations, and retired from public view.

Lantern Entertainment

Lantern Entertainment

Lantern Entertainment, LLC is an American independent film studio. It was formed by Lantern Capital Partners after it acquired the assets of The Weinstein Company (TWC) on July 16, 2018, after the latter company's bankruptcy filing. Lantern is a separate company unaffiliated with the Weinsteins and purchased the entire assets of the former studio in a bankruptcy auction.

Bankruptcy in the United States

Bankruptcy in the United States

In the United States, bankruptcy is largely governed by federal law, commonly referred to as the "Bankruptcy Code" ("Code"). The United States Constitution authorizes Congress to enact "uniform Laws on the subject of Bankruptcies throughout the United States". Congress has exercised this authority several times since 1801, including through adoption of the Bankruptcy Reform Act of 1978, as amended, codified in Title 11 of the United States Code and the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA).

Maria Contreras-Sweet

Maria Contreras-Sweet

Maria Contreras-Sweet is an American businesswoman and former government official who served as the 24th Administrator of the Small Business Administration from 2014 to 2017. She was the executive chairwoman and founder of ProAmérica Bank, a commercial bank focusing on small to mid-sized businesses with a specialty in the Latino community. Born in Guadalajara, Mexico, Contreras-Sweet immigrated to Los Angeles, California and has since been involved in both the private sector founding a private equity firm and in public service as the California Secretary of Business, Transportation, and Housing under Governor Gray Davis.

Chapter 11, Title 11, United States Code

Chapter 11, Title 11, United States Code

Chapter 11 of the United States Bankruptcy Code permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals.

History

Early years

The Weinstein Company was founded on March 10, 2005,[12] and officially launched that October.[13] following the departure of Harvey and Bob Weinstein from Miramax Films, which they had co-founded in 1979, and sold to The Walt Disney Company on June 30, 1993.[14] They retained ownership of Dimension Films. Their first releases in 2005 included the dramatic thriller Derailed (starring Jennifer Aniston, Vincent Cassel and Clive Owen), the offbeat comedy-drama Transamerica (starring Felicity Huffman) the computer-animated family film Hoodwinked, the World War II–era comedy-drama Mrs Henderson Presents (starring Judi Dench and Bob Hoskins), and the caper comedy The Matador (starring Pierce Brosnan and Greg Kinnear).

In February 2006, TWC announced a distribution pact with Metro-Goldwyn-Mayer (MGM).[15] MGM distributed the product domestically in theatres, while TWC retained long-term ownership of their product. On July 13, 2006, the Weinsteins and Robert L. Johnson announced the creation of a joint venture studio titled Our Stories Films, which distributed African-American-oriented films.[16] In late August 2006, it was announced that TWC and co-investors Hubbard Media Group purchased Ovation TV, an arts-focused cable channel.[17] On November 17, 2006, TWC announced a three-year deal with Blockbuster Video to give the video renting company exclusive rights for rentals starting on January 1, 2007.[18] However, under the First Sale Doctrine of United States copyright law, other rental companies are able to rent copies of the company's movies purchased at retail.

TWC is the co-producer, along with Miramax, of the Lifetime reality series Project Runway, which for its first five seasons aired on Bravo. The series won a Peabody Award in 2007.[19]

On May 23, 2007, TWC announced the launch of three new direct-to-video labels: The Miriam Collection, Kaleidoscope TWC, and Dimension Extreme.[20][21]

On February 8, 2008, TWC launched a distributor called Third Rail Releasing that released films aimed mainly at the home video market.[22] On September 25, 2008, TWC ended its three-year distribution pact with MGM three months before the December 31 end date. This happened in part because TWC had struck a television output deal with Showtime, though not through MGM's output deal with them. During the span of their pact, TWC paid for marketing and prints, while MGM received a distribution fee for booking theatres.[23]

Financial restructuring

On June 5, 2009, the Weinstein Company announced the hiring of a financial adviser to restructure the finances of the company.[24] After July 2009, many layoffs occurred at TWC, and the release dates of some films were pushed back.[25][26] On September 14, 2009, TWC sold its stake in Genius Products, which served as TWC's home video distributor from 2006 to 2009. Genius, however, had announced to exit the home video distribution business and the DVD rights that were distributed by Genius were sold to Vivendi Entertainment. TWC also struck a deal with Vivendi.[27] The same year, it won a Peabody Award for The No. 1 Ladies' Detective Agency.[28]

On January 13, 2010, TWC announced more layoffs at the company after the box office failure of Nine.[29] On February 21, 2010, the Weinstein Company made a deal with Sony Pictures Home Entertainment releasing the DVDs through Sony Pictures Worldwide Acquisitions Group.[30] Bob and Harvey Weinstein attempted to buy back Miramax from Disney in 2010, but the attempt was unsuccessful.[31]

An ownership interest in TWC's library, at that point consisting of 200 titles, was sold off to Goldman Sachs and Assured Guaranty in 2010.[32] The sale freed TWC from bankruptcy, and Goldman Sachs' stake in the library was purchased by AMC Networks in 2015. According to Deadline Hollywood: "The library will revert to the Weinstein Company itself when the remaining debt has been paid off by the films in question."[33]

On January 4, 2011, the Weinstein Company had agreed to acquire a 25% stake in Starz Media. Because of this, Starz Media subsidiary Anchor Bay Entertainment became the home video distributor for all TWC films.[34] On February 3, 2011, the Weinsteins extracted a $75 million consolation prize from their former parent company, Disney, thus improving their filmmaking careers. As a result, Disney handed over its 50% stake in Project Runway, and reduced its share in four jointly owned films, including Scary Movie and Spy Kids, from 50% to 5%.[35] On February 27, 2011, TWC-distributed film The King's Speech brought to the company their first Academy Award for Best Picture at the 83rd Academy Awards, after the brothers' last Best Picture Oscar winner Chicago had won in 2002 when Bob and Harvey Weinstein were at Miramax, controlled by then corporate owner Disney. Their previous Best Picture nominees for TWC were 2008's The Reader and 2009's Inglourious Basterds, the latter film a co-production with Universal Pictures and A Band Apart.[36] On March 25, 2011, the company formed a video game division named TWC Games.[37] TWC Games formed a strategic consultancy with Beefy Media, a video game production company, to foster relationships with publishers and create high-quality games.[37]

On February 26, 2012, after TWC's purchase of the rights to release Michel Hazanavicius' The Artist in the United States, which won the prestigious Best Actor Award at the Cannes Film Festival for Jean Dujardin, The Artist won five Academy Awards, including Best Picture. This was the second consecutive Oscar for Best Picture awarded to the Weinstein Company. The last independent mini-major to win back-to-back Oscars for Best Picture was Orion Pictures for their films Dances with Wolves in 1990 and The Silence of the Lambs in 1991.

TWC distributed films on multiple formats (including video-on-demand) through its Radius-TWC brand.[38] On September 13, 2013, Bob and Harvey Weinstein launched the TWC-Dimension label to distribute projects of mutual interest.[39]

On November 4, 2013, TWC announced they had picked up U.S. distribution rights to the British drama series Peaky Blinders from Endemol.[40]

On December 16, 2013, Miramax and TWC entered a 20-year joint-venture agreement to develop and produce films, television series, and stage shows. The deal would allow the Weinsteins to exploit the 700-film Miramax library. Sequels to Rounders and Shakespeare in Love were among the films being developed under this new deal, and series based on Good Will Hunting and Flirting with Disaster were being planned as well. Other developments included a Stephen Colbert-written film titled The Alibi, and an adaptation of Liz Jensen's novel The 9th Life of Louis Drax, that late filmmakers Anthony Minghella and Sydney Pollack intended to make. Miramax would put up the financing and handle international sales while the Weinstein Company would develop the projects and distribute the titles domestically.[41]

On May 7, 2014, TWC entered into a five-year multi-picture financing agreement with Worldview Entertainment.[42] However, Worldview financed only the period drama Tulip Fever due to financial difficulties as a result of the departure of CEO Christopher Woodrow.

In April 2015, the Weinstein Company was closing in on a deal to sell its television division to British network ITV for $950 million but the deal was grounded in May. That same year, the company announced that around 40–50 layoffs would occur due to the box office failure of the comedy-drama Burnt among other factors.[43] Shortly after, TWC announced they would no longer release the normal 18 films per year; instead, the company would release 8–10 films per year, and would make fewer acquisitions at film festivals.[44]

On July 31, 2015, TWC COO and president David Glasser briefly left the company amid a string of company exits,[45][46] but then in September, he rejoined the company and planned to stay as its COO and president until 2018. Harvey Weinstein also openly expressed interest in reacquiring Miramax and merging the film and television libraries of both companies when the latter went up for sale in July.[47][48][49][50][51][52] On February 23, 2016, TWC decided to put its film library of 520 titles as well as a majority stake in its television division up for sale,[53] and later signed investment banks Moelis & Company and Thomas Dey’s ACF Investment Bank to handle the television sale (which was resumed nine months after the failed talks with ITV) by looking for strategic investors.[54] Meanwhile, in March, Miramax had been acquired by BeIN Media Group, but in a later July interview, however, Weinstein said that he was still interested in merging TWC with Miramax and combining the two companies' libraries in order to build a larger film library, even after the BeIN acquisition.[55][56] On June 21, 2016, James L. Dolan exited TWC's board of directors and was replaced by hedge fund billionaire and Milwaukee Bucks co-owner Marc Lasry.[57][58] Later, on August 1, Opus Bank's media and entertainment banking division funded a $400 million credit facility into TWC.[59][60]

On August 18, 2017, TWC launched Mizchief, a film label dedicated to producing animated films. When Harvey Weinstein, co-founder of TWC, was explaining the origin of the name of Mizchief, he said that it was based on how one of his kids pronounced the word, "Mischief".[61][62] The only film to be released under the label was the French-Canadian computer-animated film Leap!, released on August 25, 2017.

Sexual abuse allegations against Harvey Weinstein

Main article: Harvey Weinstein sexual abuse cases

On October 5, 2017, The New York Times reported that dozens of women, including more than 60 women in the film industry, had accused Harvey Weinstein of sexual harassment, sexual assault or rape.

On October 6, three of the company's nine members of the board of directors (including Lasry) resigned after the allegations were published.[63][64] Harvey Weinstein also announced that he would take an indefinite leave of absence.[65] On October 7, Paul Tudor Jones became the fourth member of the company's board of directors to resign.[66]

On October 8, TWC announced that Weinstein had been fired.[67] Soon after, TWC executives announced that Harvey Weinstein will not receive credit on upcoming releases, and it may consider renaming the company.[68] On October 12, board of directors member Richard Koenigsberg, who was one of the four signatories of a board of directors statement defending Weinstein,[69] resigned from the company as well.[69]

Sale efforts and bankruptcy

Bob Weinstein stated on October 13 that media reports that his brother's sexual misconduct scandal had forced the company to explore either a sale or shutting down operations were inaccurate. Bob released an emailed statement claiming "our banks, partners and shareholders are fully supportive of our company and it is untrue that the company or board is exploring a sale or shutdown of the company” and that “business is continuing as usual as the company moves ahead.”[70][71] This was contradicted by TWC president and COO David Glasser and a spokesman for company investor Goldman Sachs.[72][71] Glasser and the other two remaining members of the company's board of directors also did not join Bob in signing this statement either.[73]

On October 17, The Mist producer Amanda Segel accused Bob Weinstein of sexual harassment. His lawyer Bert Fields has denied the accusations.[74]

Bert Fields and colleague Charles Shephard petitioned a court to leave a rights dispute in which Greenberg Glusker Fields was representing the Weinstein Company due to unpaid bills on December 14, 2017. The firm underscored that it is not involved in the ongoing sexual scandals.

"TWC has failed to pay Greenberg Glusker for its legal services in this matter and has stated that it will be unable to pay for its services as the cases [sic] progresses," writes Shephard in a Wednesday filing. The attorneys also note that TWC has been a Greenberg Glusker client for a long time. So, when the firm was asked to handle this matter, it agreed – even though, at that time, TWC already owed the firm substantial money for prior services.

"Because of the manner in which plaintiff was pursuing the case, because of the size of Greenberg Glusker's receivable, and because of some new and significant issues unrelated to this litigation which had arisen and with which TWC was required to deal (issues that have received a lot of national press and issues which do not involve Greenberg Glusker in any way, and in which Greenberg Glusker played no role whatsoever), Greenberg Glusker became concerned about being paid for its services," states the filing.

Bob Weinstein told Greenberg Glusker TWC would make a substantial payment on November 20, but it never came, according to the filing, and TWC executive vice president Sarah Sobel later told the firm TWC wouldn't be able to pay.[75]

Bert Fields and several other attorneys at the Greenberg Glusker Fields law firm represented the Weinstein Company from 2005 to December 2017.[76]

Reuters reported on October 16, 2017 that TWC had entered talks with private equity firm Colony Capital for the sale of its assets.[77] On November 7, 2017, Colony Capital pulled out of acquiring the Weinstein Company.[78] Other persons and companies that had expressed interest in acquiring TWC included rapper Jay-Z,[79] Yucaipa Companies, Viacom, Lionsgate (the current home video distributor of TWC and Miramax which ended buying 20% stake of Spyglass Media Group in July 2021 including the Weinstein Company films), Metro-Goldwyn-Mayer (the former U.S theatrical distributor of TWC),[80] A&E Networks,[81] Administrator of the Small Business Administration Maria Contreras-Sweet, Killer Content, Shamrock Holdings, Vine Alternative Investments, Anchorage Capital Group, MSD Capital, beIN Media Group (the current owner of Miramax), Sony Pictures Television, and Versa.[82] Contreras-Sweet had proposed turning TWC into a studio run by women,[83][84] while Killer Content would donate the studio's profits to assault victims.[85] If anyone acquired the Weinstein Company, the studio would change its name, and Bob Weinstein agreed to leave the company; he was expected to retain the Dimension Films label.[86] All the interested parties had to submit their first-round bids by December 20, 2017.[87] On January 4, 2018, the Weinstein Company narrowed its bids down to six parties, with a sales price of below $500 million. The studio's owners would not receive any cash from the sale.[88]

As of November 8, 2017, the Weinstein Company had a debt load of $520 million, including $220 million from its film and television credit facilities, $150 million from production loans, $50 million in corporate debt and $100 million owed to performers. The studio expected to find a buyer without declaring for Chapter 11 bankruptcy, against the expectations of most of the interested parties.[89] After it appeared that talks collapsed, the company announced it would file for bankruptcy.[2] However, after continued negotiations in which New York Attorney General Eric Schneiderman played a role, the TWC board reached a deal in which TWC sold all of its assets for $500 million; after the sales were finalized, the company was renamed and got a new board of directors of which a majority were women.[7][8] However, after an additional $50 million in debt was revealed, the deal collapsed again.[90]

In order to raise funds, TWC has sold the rights to three of its films, Paddington 2,[91] In the Heights, and The Six Billion Dollar Man, to Warner Bros. Pictures.[92] On January 19, 2018, TWC indefinitely postponed the releases of some of their films and upcoming projects (e.g. The War with Grandpa, The Upside, Mary Magdalene, and Scream).[93] STX Entertainment later acquired the distribution rights to The Upside, while Scream was sold to Paramount Pictures and Mary Magdalene was sold to IFC Films.

As of February 2018, several companies had sued TWC, including American Express ($1.4 million),[94] chocolatier Lindt & Sprüngli ($133,333),[95] and Canadian film distributor Entertainment One ($7.2 million for Paddington 2),[96] On March 20, 2018, shortly after the studio filed for Chapter 11 protection, the Bankruptcy Court in Delaware published a 394-page list of creditors owed money from TWC; including the estate of rock musician David Bowie, film director Michael Bay, and former First Daughter of the United States Malia Obama.[97] Several Russian studios, including Central Partnership, Paradiz and Volga, and Timur Bekmambetov's Bazelevs Company, were also owed money from the studio.[98] On January 7, 2019, Lantern Entertainment said that it was not responsible for TWC's unpaid debts.[99]

On March 19, 2018, the Weinstein Company announced that it had declared bankruptcy, and is considering a $310 million stalking horse offer with Lantern Capital.[100] The company's bankruptcy auction began on May 4, 2018.[101] Twenty-three bidders had expressed interest in buying certain assets from the studio.[102] On April 27, Miramax and Lantern emerged as the frontrunners in the company's bankruptcy sale.[103]

On June 22, 2018, Lantern lowered its acquisition price to $287 million.[104] On July 9, 2018, several actors, directors, producers and writers protested Lantern's acquisition, asking a U.S. Bankruptcy Court judge not to approve the purchase price for TWC's assets without first extracting a guarantee of payment to the creditors who are still owed money by the studio.[105]

On July 16, 2018, TWC's assets were sold to the Dallas-based equity firm Lantern Capital Partners for $289 million. A newly formed studio, Lantern Entertainment, assumed the rights to TWC's 277-film library.[106][107] Co-presidents Andy Mitchell and Milos Brajovic took charge of a company that dropped to 50 employees from 170 due to departures and layoffs. A trio of film experts were expected to help the co-presidents hire an experienced film CEO.[108]

As of July 11, 2018, Netflix terminated its output contract with the Weinstein Company, and will no longer accept deliveries or make payments to the studio. This affected the release schedule for the third season of the MTV series Scream (produced by Dimension Television, and billed as a Netflix Original internationally). On June 24, 2019, it was announced that the rebooted Scream series would be moving to VH1 ahead of the premiere of the third season.[109] The third season premiered on July 8, 2019.[110] Two other Weinstein series; Peaky Blinders and Spy Kids: Mission Critical; remained available for streaming.[111] In February 2019, Lantern was reported to be reaching a settlement with The Walt Disney Company, regarding several films that Lantern that did not acquire (including Scream 4 and The Matador).[112] On July 15, 2019, Spyglass settled two major claims, including $11 million for Viacom regarding the television series Scream and the film Sin City 2 (which Lantern did not acquire).[113]

Civil rights investigation

On October 23, 2017, New York Attorney General Eric Schneiderman launched a civil rights investigation into whether the Weinstein Company violated state civil rights and New York City human rights laws in its handling of sexual harassment complaints and other types of discrimination against employees.[114] The attorney general's Civil Rights Bureau sent the company a subpoena seeking a long list of documents, including any documents and communications related to private out-of-court settlements struck with accusers.

A group of Weinstein Company employees published a public statement in The New Yorker asking to be released from their signed nondisclosure agreements, which prohibit them from speaking out about their time at the company.[115] In their statement, they wrote, "We all knew that we were working for a man with an infamous temper. We did not know we were working for a serial sexual predator." They asked the company to lift their NDAs so they could "speak openly, and get to the origins of what happened here, and how."[116]

On February 11, 2018, Schneiderman filed a civil rights lawsuit against the company, Harvey and Bob Weinstein, just shortly before an anticipated announcement that the company would be purchased by an investor group led by Maria Contreras-Sweet. In the lawsuit, the company and both Weinsteins were accused of violating civil rights and gender discrimination laws, stating that it had "repeatedly and persistently treated female employees less well than male-employees through gender-based hostile workplace harassment, quid pro quo harassment, and discrimination" by maintaining "a group of female employees whose primary job it was to accompany HW (sic) to events and to facilitate HW’s sexual conquests". In addition, the lawsuit includes information that the company's Chief Operating Officer communicated with the Human Resources Director about complaints where settlements and non-disclosure agreements were needed, with the H.R. Director not being involved in any investigation or resolution process "on more than one occasion", and details on verbal abuse and threats by Harvey Weinstein that he would (in substance) kill employees, directly or indirectly via claims that he "had connections to the Secret Service who could solve problems for him".[117]

In filing the lawsuit, Schneiderman sought to force the company to address several points: to give up non-disclosure agreements with past employees, provide better protection for employees "who would be reporting to some of the same managers"[117] since most of the existing senior managers would remain in place, including David Glasser, current COO of the company, and insufficient funds to compensate alleged victims that would file suits. The investment group has allocated $50 million in the deal for compensation, which is in addition to the company's insurance policies. Other non-disclosure agreements were in effect between the company and the investment group, which prevented members of the group from talking to the Attorney General until February 10, though Bob Weinstein denied this. People "close to the sale" derided the timing of the filing "as an effort to score political points and grab media attention", and could lead to the sale falling through, forcing the company into bankruptcy and delaying compensation for victims. The investment group is said to meet with the Attorney General's office within a few days, with the decision whether to continue or abandon the bid for the company on hold until then.[118]

On February 16, 2018, the Weinstein Company fired President and COO David Glasser "for cause".[119][120] Glasser filed a counter-suit on February 20 against the company and remaining board members, stating that no reasons other than "for cause" were given for the firing, which was described as "nothing more than a desperate attempt to deflect attention away from the very people who were empowered to halt Harvey Weinstein's abusive behavior".[121]

Lantern Entertainment

Following the sale of all assets to Lantern Capital subsidiary, Lantern Entertainment, on July 16, 2018, the Weinstein Company was completely shut down along with its website;[107] its last film was the historical drama The Current War on October 25, 2019 in the United States. On November 13, 2018, Lantern acquired full control of three Quentin Tarantino films, Inglourious Basterds, Django Unchained and The Hateful Eight, originally released by the Weinstein Company, for $6.1 million.[122] On July 31, 2018, Lantern Entertainment signed a distribution deal with Lionsgate for the Weinstein Company's library.[123]

On March 13, 2019, Gary Barber and Lantern Entertainment revived Spyglass Media Group with other investors, including WarnerMedia/AT&T's Warner Bros.; Lantern made a majority investment, including licensing their film library, to Spyglass.[124] On March 20, 2020, a federal judge ruled that Spyglass was not responsible for any of TWC's outgoing royalties.[125]

On July 15, 2021, Spyglass sold most of TWC's catalogue and distribution rights to Lionsgate, as part of an acquisition deal in which Lionsgate also purchased a 20 percent equity stake in Spyglass and signed a first-look TV deal with the studio.[126]

Discover more about History related topics

Miramax

Miramax

Miramax, LLC, also known as Miramax Films, is an American film and television production and distribution company founded on December 19, 1979, by Harvey and Bob Weinstein, and based in Los Angeles, California.

Dimension Films

Dimension Films

Dimension Films is an American film production company owned by Lantern Entertainment. It was formerly used as Harvey and Bob Weinstein's label within Miramax, which was acquired by The Walt Disney Company on June 30, 1993, to produce and release independent films and genre titles, specifically horror and science fiction films.

Derailed (2005 film)

Derailed (2005 film)

Derailed is a 2005 American crime thriller film based on the novel of the same name by James Siegel. The film was directed by Mikael Håfström and stars Clive Owen, Jennifer Aniston, Vincent Cassel, Giancarlo Esposito, David Morrissey, RZA and Xzibit. The story is based on the Badger Game con. This was the first film to be released by The Weinstein Company in the United States.

Jennifer Aniston

Jennifer Aniston

Jennifer Joanna Aniston is an American actress and producer. She rose to international fame for her role as Rachel Green on the television sitcom Friends from 1994 to 2004, for which she earned Primetime Emmy, Golden Globe, and Screen Actors Guild awards. Since her career progressed in the 1990s, she has become one of the world's highest-paid actresses.

Clive Owen

Clive Owen

Clive Owen is an English actor. He first gained recognition in the United Kingdom for playing the lead role in the ITV series Chancer from 1990 to 1991. He received critical acclaim for his work in the film Close My Eyes (1991) before earning international attention for his performance as a struggling writer in Croupier (1998). In 2005, he won a Golden Globe and a BAFTA Award and was nominated for an Academy Award for his performance in the drama Closer (2004).

Felicity Huffman

Felicity Huffman

Felicity Kendall Huffman is an American actress.

Mrs Henderson Presents

Mrs Henderson Presents

Mrs Henderson Presents is a 2005 biographical musical film directed by Stephen Frears and written by Martin Sherman. It stars Judi Dench, Bob Hoskins, Kelly Reilly, and Will Young. It tells the true story of Laura Henderson, an eccentric British socialite who opened the Windmill Theatre in London in 1931.

Judi Dench

Judi Dench

Dame Judith Olivia Dench is an English actress. Regarded as one of Britain's best actresses, she is noted for her versatile work in various films and television programmes encompassing several genres, as well as for her numerous roles on the stage. Dench has garnered various accolades throughout a career spanning over six decades, including an Academy Award, a Tony Award, two Golden Globe Awards, four British Academy Television Awards, six British Academy Film Awards and seven Olivier Awards.

Bob Hoskins

Bob Hoskins

Robert William Hoskins was an English actor. His work included lead roles in films and television series such as Pennies from Heaven (1978), The Long Good Friday (1980), Mona Lisa (1986), Who Framed Roger Rabbit (1988), Mermaids (1990), Super Mario Bros. (1993), and Balto (1995), and supporting performances in The Cotton Club (1984), Brazil (1985), Hook (1991), Nixon (1995), Enemy at the Gates (2001), Maid in Manhattan (2002), Mrs Henderson Presents (2005), A Christmas Carol (2009), Made in Dagenham (2010), and Snow White and the Huntsman (2012). He also directed two feature films: The Raggedy Rawney (1988) and Rainbow (1996).

Greg Kinnear

Greg Kinnear

Gregory Buck Kinnear is an American actor. He was nominated for an Academy Award for Best Supporting Actor for his role in As Good as It Gets (1997).

Metro-Goldwyn-Mayer

Metro-Goldwyn-Mayer

Metro-Goldwyn-Mayer Studios, Inc., also known as Metro-Goldwyn-Mayer Pictures and abbreviated as MGM, is an American film, television production, distribution and media company owned by Amazon through MGM Holdings, founded on April 17, 1924, and based in Beverly Hills, California.

Our Stories Films

Our Stories Films

Our Stories Films is an American film studio founded on July 13, 2006, by Robert L. Johnson to produce "comedic, family-friendly feature films for African American and urban audiences". It began as a joint venture between RLJ Companies and The Weinstein Company. It is based in Los Angeles with offices in New York City. On August 31, 2006, it was announced that Tracey Edmonds was named president and chief operating officer of Our Stories Films, making her the first African American to head a film studio.

Radius-TWC

See also: Lantern Entertainment § Radius

Radius-TWC (or simply Radius; stylized as RADiUS-TWC) is a dormant film label to TWC's division for distribution of multi-platform video-on-demand and theatrical productions. It was launched in 2012, and specialized in niche and independent films rather than those aimed at mainstream audiences.[127][128] As of 2018, Radius had released about 35 films,[129] including:

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20 Feet from Stardom

20 Feet from Stardom

20 Feet from Stardom is a 2013 American documentary film directed by documentary filmmaker Morgan Neville and produced by Gil Friesen, a music industry executive whose curiosity to know more about the lives of background singers inspired the making of the film.

All the Boys Love Mandy Lane

All the Boys Love Mandy Lane

All the Boys Love Mandy Lane is a 2006 American slasher film directed by Jonathan Levine and starring Amber Heard, Michael Welch, Whitney Able, and Anson Mount. The plot centers on a group of popular high schoolers who invite an attractive outsider, Mandy Lane, to spend the weekend at a secluded ranch house, where they are followed by a merciless killer.

Bachelorette (film)

Bachelorette (film)

Bachelorette is a 2012 American comedy film written and directed by Leslye Headland, adapted from her play of the same name. It stars Kirsten Dunst, Lizzy Caplan and Isla Fisher as three troubled women who reunite for the wedding of a friend who was ridiculed in high school. The play which the film is based upon was originally written as one of Headland's cycle of "Seven Deadly Sins" plays.

Butter (2011 film)

Butter (2011 film)

Butter is a 2011 American comedy film directed by Jim Field Smith, from a screenplay by Jason Micallef, starring Yara Shahidi, Jennifer Garner, Ty Burrell, Olivia Wilde, Rob Corddry, Ashley Greene, Alicia Silverstone, and Hugh Jackman. The film is about an Iowa State Fair butter sculpture contest and the competitors and onlookers who attend said contest. It premiered at the 2011 Telluride Film Festival on September 4, 2011, and was released on October 5, 2012 by The Weinstein Company through its RADiUS-TWC distribution arm. The film is said to be a satire of the 2008 Democratic presidential primary. Butter received mixed reviews from critics, who questioned Smith's direction of the film's script in terms of humor and satire and the performances from the ensemble cast. The film was a box-office bomb, grossing $175,706 worldwide against a production budget of $10.8 million.

Citizenfour

Citizenfour

Citizenfour is a 2014 documentary film directed by Laura Poitras, concerning Edward Snowden and the NSA spying scandal. The film had its US premiere on October 10, 2014, at the New York Film Festival and its UK premiere on October 17, 2014, at the BFI London Film Festival. The film features Snowden and Glenn Greenwald, and was co-produced by Poitras, Mathilde Bonnefoy, and Dirk Wilutzky, with Steven Soderbergh and others serving as executive producers. Citizenfour received critical acclaim upon release, and was the recipient of numerous accolades, including Best Documentary Feature at the 87th Academy Awards. This film is the third part to a 9/11 trilogy following My Country, My Country (2006) and The Oath (2010).

Fed Up (film)

Fed Up (film)

Fed Up is a 2014 American documentary film directed, written and produced by Stephanie Soechtig. The film focuses on the causes of obesity in the US, presenting evidence showing large quantities of sugar in processed foods are an overlooked root of the problem, and points to the monied lobbying power of "Big Sugar" in blocking attempts to enact policies to address the issue.

Horns (film)

Horns (film)

Horns is a 2013 dark fantasy mystery comedy horror film directed by Alexandre Aja from a screenplay written by Keith Bunin, based on the 2010 novel of the same name by Joe Hill. It stars Daniel Radcliffe as a young man falsely accused of murdering his girlfriend, who uses his newly discovered paranormal abilities to uncover the real killer.

It Follows

It Follows

It Follows is a 2014 American supernatural psychological horror film written and directed by David Robert Mitchell. It stars Maika Monroe as a young woman who is pursued by a supernatural entity after a sexual encounter and must have sex with another individual to avoid it. Keir Gilchrist, Daniel Zovatto, Jake Weary, Olivia Luccardi, and Lili Sepe appear in supporting roles.

Lovelace (film)

Lovelace (film)

Lovelace is a 2013 American biographical drama film centered on porn actress Linda Lovelace, star of Deep Throat, a landmark 1972 film at the forefront of the Golden Age of Porn. Lovelace covers her life from age 21 to 32.

Man of Tai Chi

Man of Tai Chi

Man of Tai Chi is a 2013 Chinese-American martial arts film directed by and starring Keanu Reeves in his directorial debut and co-starring Tiger Chen, Iko Uwais, Karen Mok, and Simon Yam. A multilingual film featuring dialogue in Mandarin, English and Hong Kong Cantonese, it revolves around a young martial artist who is pushed by the need of money to enter the world of underground fighting.

Only God Forgives

Only God Forgives

Only God Forgives is a 2013 action film written and directed by Nicolas Winding Refn and starring Ryan Gosling, Kristin Scott Thomas, and Vithaya Pansringarm. The film was shot on location in Bangkok, Thailand, and, as with the director's earlier film Drive, is dedicated to Chilean director Alejandro Jodorowsky. It competed for the Palme d'Or at the 2013 Cannes Film Festival.

Snowpiercer

Snowpiercer

Snowpiercer is a 2013 post-apocalyptic science fiction action film based on the French climate fiction graphic novel Le Transperceneige by Jacques Lob, Benjamin Legrand and Jean-Marc Rochette. The film was directed by Bong Joon-ho and written by Bong and Kelly Masterson. A South Korean-Czech co-production, the film marks Bong's English-language debut; almost 85% of the film's dialogue is in English.

Weinstein Books

A successor of Miramax Books founded by Bob and Harvey Weinstein in 2001, the imprint was founded in 2009 as Weinstein Books, a joint publishing venture between the Weinstein Company and the Perseus Books Group, published a range of general interest fiction, both literary and commercial, along with media-driven non-fiction and young adult titles.[133][134]

Since 2012, Weinstein Books was under the creative management of Publishing Director Georgina Levitt and Editorial Director Amanda Murray.[135] Publicity Director Kathleen Schmidt joined Weinstein Books in 2013.[136] Weinstein Books worked in collaboration with the Weinstein Company to create book tie-ins to films such as My Week With Marilyn, Bully by Lee Hirsch and Cynthia Lee and One Chance by Paul Potts.[134]

On October 12, 2017, in response to the allegations, Hachette Book Group (which had purchased Perseus's publishing arm in April 2016) announced the imprint would immediately be shuttered, with its titles and authors moving directly to Hachette Books.[137]

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Miramax Books

Miramax Books

Miramax Books was an American publishing company started by Bob and Harvey Weinstein of Miramax Films to publish movie tie-ins. Between 2000 and 2005, while Jonathan Burnham was its president and editor-in-chief, the imprint published the memoirs of many major celebrities, including David Boies, Madeleine Albright, Rudy Giuliani, and Tim Russert, as well as Helen DeWitt's The Last Samurai. It later published the first three books of the Percy Jackson & the Olympians series before being folded into Hyperion Books in late 2007.

Perseus Books Group

Perseus Books Group

Perseus Books Group was an American publishing company founded in 1996 by investor Frank Pearl. Perseus acquired the trade publishing division of Addison-Wesley in 1997.

Bully (2011 film)

Bully (2011 film)

Bully is a 2011 American documentary drama film directed and co-produced by Lee Hirsch and co-produced and written by Cynthia Lowen along with producers Cindy Waitt and Sarah Foudy. The film follows the lives of five students who face bullying on a daily basis in U.S. schools and premiered at the 2011 Tribeca Film Festival. It was also screened at the Hot Docs Canadian International Documentary Festival and the LA Film Festival.

One Chance (film)

One Chance (film)

One Chance is a 2013 British-American biographical film about opera singer and Britain's Got Talent winner Paul Potts, directed by David Frankel and written by Justin Zackham. It was screened in the Special Presentation section at the 2013 Toronto International Film Festival.

Hachette Book Group

Hachette Book Group

Hachette Book Group (HBG) is a publishing company owned by Hachette Livre, the largest publishing company in France, and the third largest trade and educational publisher in the world. Hachette Livre is a wholly owned subsidiary of Lagardère Group. HBG was formed when Hachette Livre purchased the Time Warner Book Group from Time Warner on March 31, 2006. Its headquarters are located at 1290 Avenue of the Americas, Midtown Manhattan, New York City. Hachette is considered one of the big-five publishing companies, along with Holtzbrinck/Macmillan, Penguin Random House, HarperCollins, and Simon & Schuster. In one year, HBG publishes approximately 1400+ adult books, 300 books for young readers, and 450 audio book titles. In 2017, the company had 167 books on the New York Times bestseller list, 34 of which reached No. 1.

International distributors

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Alliance Atlantis

Alliance Atlantis

Alliance Atlantis Communications Inc. was a Canadian media company that operated primarily as a specialty service operator in Canada. Alliance Atlantis also had offices in Halifax, Los Angeles, London, Dublin, Madrid, Barcelona, Shannon, and Sydney.

Alliance Films

Alliance Films

Alliance Films was a Canadian motion picture distribution and production company, which had served Canada, the United Kingdom, and Spain.

Entertainment One

Entertainment One

Entertainment One Ltd., trading as eOne, is an American-owned Canadian multinational entertainment company. Based in Toronto, Ontario, the company is primarily involved in the acquisition, distribution, and production of films and television series. The company was listed on the London Stock Exchange before it was acquired by Hasbro on December 30, 2019.

Momentum Pictures

Momentum Pictures

Momentum Pictures is an independent film distributor and a subsidiary of Entertainment One, itself part of Hasbro. Prior to 2013, it was a brand of Canadian distributor Alliance Films used for its releases in the United Kingdom, and was one of the leading independent distributors in the UK and Ireland. Following eOne's purchase of the company, Alliance and its divisions were folded under the eOne brand. The Momentum brand was revived in 2015 as part of a venture with Orion Pictures to jointly acquire films for distribution in North America and international markets.

Entertainment Film Distributors

Entertainment Film Distributors

Entertainment Film Distributors, Ltd. is a British distributor of independent films in the UK and Ireland for various production companies, founded by Michael L. Green and currently run by his son Nigel Green.

Icon Productions

Icon Productions

Icon Productions is a production company founded in August 1989 by actor/director Mel Gibson and Australian producing partner Bruce Davey, which, unlike most other independent production companies, funds most of its development and production costs, allowing it to retain creative control of its projects. Its headquarters are in Santa Monica, California.

Paramount Pictures

Paramount Pictures

Paramount Pictures Corporation is an American film and television production and distribution company and the main namesake division of Paramount Global. It is the fifth-oldest film studio in the world, the second-oldest film studio in the United States, and the sole member of the "Big Five" film studios located within the city limits of Los Angeles.

Roadshow Entertainment

Roadshow Entertainment

Roadshow Entertainment is an Australian home video, production and distribution company that is a division of Village Roadshow that distributes films in Australia and New Zealand. Their first release was Mad Max. Roadshow Entertainment is an independent video distributor in Australia and New Zealand.

Central Partnership

Central Partnership

Central Partnership is a Russian film distribution and production company founded in 1995. The distributor was acquired by Russian gas company Gazprom in 2014.

M6 (TV channel)

M6 (TV channel)

M6, also known as Métropole Television, is the most profitable private national French television channel and the third most watched television network in the French-speaking world. M6 is the head channel of the M6 Group media empire that owns several TV channels, magazines, publications, movie production and media-related firms etc. It is owned by RTL Group.

Metropolitan Filmexport

Metropolitan Filmexport

Metropolitan Filmexport is a French film distribution company founded by brothers Samuel and Victor Hadida, along with their father David, in 1978. It distributes films in France, alongside Entertainment One in Canada, United Kingdom, Australia, Germany, Spain and the Benelux countries and FilmNation Entertainment worldwide.

SinemArt

SinemArt

Sinemart Indonesia (SinemArt) is an Indonesian production house founded on 3 March 2003 by Leo Sutanto, Sentot Sahid, Heru Hendriarto, and Lala Hamid. It initially focused on producing soap operas and films. His first work is entitled Malam Pertama, soap operas that aired on SCTV. This first soap opera has won many nominations in the event SCTV Awards in 2003.

Films

Main article: List of The Weinstein Company films

Highest-grossing films

Highest-grossing films
Rank Title Year Domestic gross Notes
1 Django Unchained 2012 $162,805,434 Jointly released with Columbia Pictures internationally.
2 The King's Speech 2010 $138,797,449
3 Silver Linings Playbook 2012 $132,092,958
4 Inglourious Basterds 2009 $120,540,719 Jointly released with Universal Pictures internationally.
5 The Butler 2013 $116,632,095
6 Hoodwinked! 2005 $110,013,167
7 The Imitation Game 2014 $91,125,683
8 Scary Movie 4 2006 $90,710,620 Released under Dimension Films brand, jointly released with Buena Vista Pictures internationally.
9 Paddington 2015 $76,223,578 Produced in the United Kingdom by StudioCanal
10 1408 2007 $71,985,628 Released under Dimension Films brand, co-distributed by Metro-Goldwyn-Mayer.

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Django Unchained

Django Unchained

Django Unchained is a 2012 American revisionist Western film written and directed by Quentin Tarantino, starring Jamie Foxx, Christoph Waltz, Leonardo DiCaprio, Kerry Washington, and Samuel L. Jackson, with Walton Goggins, Dennis Christopher, James Remar, Michael Parks, and Don Johnson in supporting roles. Set in the Old West and Antebellum South, it is a highly stylized, heavily revisionist tribute to Spaghetti Westerns, in particular the 1966 Italian film Django by Sergio Corbucci. The story follows an enslaved black man who trains under a German bounty hunter, with the ultimate goal of reuniting with his long-lost wife.

2012 in film

2012 in film

2012 in film is an overview of events, including the highest-grossing films, award ceremonies, critics' lists of the best films of 2012, festivals, a list of country-specific lists of films released, and notable deaths. Most notably, the two oldest surviving American film studios, Universal and Paramount both celebrated their centennial anniversaries, marking the first time that two major film studios celebrate 100 years, and the Dolby Atmos sound format was launched for the premiere of Brave. The James Bond film series celebrated its 50th anniversary and released its 23rd film, Skyfall. Six box-office blockbusters from previous years were re-released in 3D and IMAX. Also, the year marked the debut for high frame rate technology. The first film using 48 F.P.S., a higher frame rate than the film industry standard 24 F.P.S., was The Hobbit: An Unexpected Journey.

Columbia Pictures

Columbia Pictures

Columbia Pictures Industries, Inc. is an American film production studio that is a member of the Sony Pictures Motion Picture Group, a division of Sony Pictures Entertainment, which is one of the Big Five studios and a subsidiary of the multinational conglomerate Sony.

2010 in film

2010 in film

In the year 2010, there was a dramatic increase and prominence in the use of 3D-technology in filmmaking after the success of Avatar in the format, with releases such as Alice in Wonderland, Clash of the Titans, My Name is Khan, Jackass 3D, all animated films, with numerous other titles being released in 3D formats. 20th Century Fox celebrated its 75th anniversary in 2010.

Inglourious Basterds

Inglourious Basterds

Inglourious Basterds is a 2009 war film written and directed by Quentin Tarantino, starring Brad Pitt, Christoph Waltz, Michael Fassbender, Eli Roth, Diane Kruger, Daniel Brühl, Til Schweiger and Mélanie Laurent. The film tells an alternate history story of two plots to assassinate Nazi Germany's leadership—one planned by Shosanna Dreyfus, a young French Jewish cinema proprietor, and the other by the British; but is ultimately conducted solely by a team of Jewish American soldiers led by First Lieutenant Aldo Raine. Christoph Waltz co-stars as Hans Landa, an SS colonel in charge of tracking down Raine's group. The title was inspired by Italian director Enzo G. Castellari's 1978 Euro War film The Inglorious Bastards, though Tarantino's film is not a remake of it.

2009 in film

2009 in film

The year 2009 saw the release of many films. Seven made the top 50 list of highest-grossing films. Also in 2009, the Academy of Motion Picture Arts and Sciences announced that as of that year, their Best Picture category would consist of ten nominees, rather than five.

2013 in film

2013 in film

The following tables list films released in 2013. Three popular films were re-released in 3D and IMAX.

Hoodwinked!

Hoodwinked!

Hoodwinked! is a 2005 computer-animated musical comedy mystery film. It retells the folktale Little Red Riding Hood as a police procedural, using backstories to show multiple characters' points of view. It was produced independently by Blue Yonder Films with Kanbar Entertainment, directed and written by Cory Edwards along with Todd Edwards, and Tony Leech, and produced by Katie Hooten, Maurice Kanbar, David K. Lovegren, Sue Bea Montgomery, and Preston Stutzman. The film features the voices of Anne Hathaway, Glenn Close, Jim Belushi, Patrick Warburton, Anthony Anderson, David Ogden Stiers, Xzibit, Chazz Palminteri, and Andy Dick.

2005 in film

2005 in film

2005 in film is an overview of events, including the highest-grossing films, award ceremonies, festivals, a list of country-specific lists of films released, notable deaths and film debuts.

2014 in film

2014 in film

The following is an overview of the events of 2014 in film, including the highest-grossing films, award ceremonies, festivals, and a list of films released and notable deaths. DreamWorks Animation celebrated its 20th anniversary in 2014.

2006 in film

2006 in film

The following is an overview of events in 2006, including the highest-grossing films, award ceremonies and festivals, a list of films released and notable deaths. Pixar celebrated its 20th anniversary in 2006 with the release of its 7th film, Cars.

Dimension Films

Dimension Films

Dimension Films is an American film production company owned by Lantern Entertainment. It was formerly used as Harvey and Bob Weinstein's label within Miramax, which was acquired by The Walt Disney Company on June 30, 1993, to produce and release independent films and genre titles, specifically horror and science fiction films.

Source: "The Weinstein Company", Wikipedia, Wikimedia Foundation, (2023, March 23rd), https://en.wikipedia.org/wiki/The_Weinstein_Company.

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Further Reading

Metro-Goldwyn-Mayer

Harvey Weinstein

Genius Products

Relativity Media

Wind River (film)

The Current War

The Upside

Harvey Weinstein sexual abuse cases

Jill Messick

Lantern Entertainment

Paramount Global

2019 merger of CBS and Viacom
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