After the revelations about Harvey wine Stein’s sexual offences, it also went with the company to former Hollywood Mogul downhill. You had to file for bankruptcy. Now, financial investors have beat.
The 2005 Weinstein and his brother Bob founded “The Weinstein Company” (TWC) had requested in March to insolvency, the number of employees decreased from 140 to 50. The Texas capital firm Lantern Capital, the company was still around $ 289 million (approximately 247 million euros) in value. After all, the new owners now have a film library with more than 270 titles, in addition to previously unreleased Material. TWC produced movies such as “Django Unchained,” “Good Will Hunting” and “Gangs of New York” and won Oscars for “Shakespeare in Love”, “The King’s Speech” and “The Artist”.
The Lantern-founder Andy Mitchell and Milos Brajovic, announced the renaming in the “Lantern Entertainment” to be a “forward-thinking force in the industry”. The sale to a group of investors, the Lantern, was previously off. The U.S. Entertainment magazine “Variety” reported on Monday (16.07.2018) after the sale of Lantern that the failed negotiations of the participating Investor have filed a lawsuit. Lantern made of confidential information about TWC that came from the previous sale discussions.
One of the seemingly countless creditors inside: The Weinstein Company owes to Julia Roberts.
High levels of debt
According to media reports, the Weinstein Company stand on numerous Celebrities in the chalk, including Quentin Tarantino, Julia Roberts, Eminem and Barack Obama’s daughter Malia, who graduated in TWC internship. Other creditors of the New York Fire Department, the Los Angeles Police Department, and Amazon.
In the autumn of 2017, the media reported for the first Time about sexual Assault Tartar, which had the worldwide #MeToo-movement against sexual Assault. Weinstein is now accused of multiple sexual offences and only on bail. In addition, the 66 must-Year-old a GPS monitoring device. In the case of a conviction, a life sentence threatens him. A trial date is not yet available.
tla/suc (dpa, afp, Twitter, variety.com)