The Weinstein Company
officially belongs to Lantern Capital Partners, Variety
reports, ending the studio’s arduous bankruptcy proceedings. In a Delaware courtroom last week, Judge Mary Walrath oversaw the closing. A Dallas-based private equity firm, Lantern Capital Partners paid $289 million for Harvey and Bob Weinstein
’s namesake distributor — $23 million less than the parties’ previously-agreed-upon $310 million. Lantern will henceforth be known as Lantern Entertainment
, operating offices in Dallas, New York, and Los Angeles, and assuming the rights to TWC
’s 277-film library.
“Over the last several months, we have immersed ourselves in the formation of Lantern Entertainment,” co-presidents Andy Mitchell
and Milos Brajovic said in a statement. “Throughout all our conversations with employees, creatives and industry professionals, we are inspired by the collective commitment and support extended to the launch of our new company, which is anchored by creativity in a meritocracy-based culture. Across all disciplines, we are extremely motivated to