Update, 4:52 Pm: After almost three years, Marvin Peart’s multi-million dollar lawsuit over the acquisition of The Weinstein Company’s assets now has a trial date.
Originally looking for $110 million, the Mob Wives executive producer looks set to face off with Lantern Capitol Partners on December 1 in Los Angeles Superior Court, according to a recent notice from Judge Robert Broadbelt III. Unless of course Peart and his Marro Media shingle reach a settlement with the Texas-based private equity firm beforehand.
Regardless, in the diseased leg hold trap that has become almost everything to do with the incarcerated Harvey Weinstein, his alleged and trial proven abuses, and the ragged remnants of the Oscar nominations factory the producer and his brother Bob had in TWC, it’s not that quite straightforward – even for this particular convoluted portion of the saga. Yes, Peart was successfully last month in getting most of the...
Originally looking for $110 million, the Mob Wives executive producer looks set to face off with Lantern Capitol Partners on December 1 in Los Angeles Superior Court, according to a recent notice from Judge Robert Broadbelt III. Unless of course Peart and his Marro Media shingle reach a settlement with the Texas-based private equity firm beforehand.
Regardless, in the diseased leg hold trap that has become almost everything to do with the incarcerated Harvey Weinstein, his alleged and trial proven abuses, and the ragged remnants of the Oscar nominations factory the producer and his brother Bob had in TWC, it’s not that quite straightforward – even for this particular convoluted portion of the saga. Yes, Peart was successfully last month in getting most of the...
- 6/13/2021
- by Mike Fleming Jr, Dawn C. Chmielewski and Dominic Patten
- Deadline Film + TV
Ron Burkle’s Yucaipa Companies has made an investment in APA as the agency looks to rebound from the pandemic-induced slowdown in the entertainment industry.
The agreement is not believed to be an equity investment but rather a cash influx structured as debt for the talent agency. Industry sources say APA veteran Jim Osborne, APA partner and head of talent, is poised to take on a larger role as president after helping to arrange the Yucaipa deal. Jim Gosnell will remain the agency’s CEO.
Sources close to the situation stressed that the Burkle influx is an effort to help APA grow at a time of major transition for Hollywood talent agencies but it is not a rescue mission. “This isn’t about keeping the lights on,” said a source close to the situation. The goal is for APA to expand its roster of agents and clients at a time...
The agreement is not believed to be an equity investment but rather a cash influx structured as debt for the talent agency. Industry sources say APA veteran Jim Osborne, APA partner and head of talent, is poised to take on a larger role as president after helping to arrange the Yucaipa deal. Jim Gosnell will remain the agency’s CEO.
Sources close to the situation stressed that the Burkle influx is an effort to help APA grow at a time of major transition for Hollywood talent agencies but it is not a rescue mission. “This isn’t about keeping the lights on,” said a source close to the situation. The goal is for APA to expand its roster of agents and clients at a time...
- 9/4/2020
- by Cynthia Littleton
- Variety Film + TV
David Glasser, the former president and chief operating officer for The Weinstein Company, announced on Tuesday that he’s starting his own film production company 101 Studios with COO David Hutkin and the financial backing of investor Ron Burkle.
The company has lined up more than $300 million to acquire, develop and produce four to six films a year in the U.S., and will finance and produce six to eight new TV series it has in development. The company has already set up an international sales division.
101 Studios has already closed a $28.5 million television deal with Viacom for the first and second seasons of “Yellowstone,” the Kevin Costner-led western from Taylor Sheridan, which air on the Paramount Network. It is also said to be negotiating domestic rights for “The Current War,” a 2017 film starring Benedict Cumberbatch which had been tied up in The Weinstein Company bankruptcy proceedings.
Also Read:...
The company has lined up more than $300 million to acquire, develop and produce four to six films a year in the U.S., and will finance and produce six to eight new TV series it has in development. The company has already set up an international sales division.
101 Studios has already closed a $28.5 million television deal with Viacom for the first and second seasons of “Yellowstone,” the Kevin Costner-led western from Taylor Sheridan, which air on the Paramount Network. It is also said to be negotiating domestic rights for “The Current War,” a 2017 film starring Benedict Cumberbatch which had been tied up in The Weinstein Company bankruptcy proceedings.
Also Read:...
- 1/23/2019
- by Trey Williams
- The Wrap
Financiers Ron Burkle, Bob Yari, Marc Leder, Marvin Peart, Dan Schryer and East West Bank have partnered with CEO David Glasser and COO David Hutkin to launch of 101 Studios, a new global entertainment studio headquartered in Century City.
101 Studios has announced that it lined up more than $300 million to acquire, develop and produce four to six films a year in the United States, in addition to financing and producing six to eight new television series it has in development. The company has already set up an international sales division. The announcement was sent with an embargo for tomorrow morning, but a trade jumped that and so we are going with what we have.
101 Studios has closed on a $28.5 million television deal with Viacom for the first and second seasons of Yellowstone, the Taylor Sheridan modern-day western drama starring Kevin Costner. The program just wrapped on its second season. Yellowstone...
101 Studios has announced that it lined up more than $300 million to acquire, develop and produce four to six films a year in the United States, in addition to financing and producing six to eight new television series it has in development. The company has already set up an international sales division. The announcement was sent with an embargo for tomorrow morning, but a trade jumped that and so we are going with what we have.
101 Studios has closed on a $28.5 million television deal with Viacom for the first and second seasons of Yellowstone, the Taylor Sheridan modern-day western drama starring Kevin Costner. The program just wrapped on its second season. Yellowstone...
- 1/23/2019
- by Mike Fleming Jr
- Deadline Film + TV
No sooner had Lantern Capital closed its deal to buy The Weinstein Co. for $289 million than did Ron Burkle's Yucaipa Companies file a lawsuit in Los Angeles Superior Court on Monday accusing the Texas-based company of alleged fraud and breach of contract related to the sale.
Yucaipa and Lantern, along with former Obama administration official Maria Contreras-Sweet, were originally partners in a bid to buy TWC, but that bid ultimately fell by the wayside.
Lantern, based in Texas, next became a stalking horse bidder to buy assets of the company out of bankruptcy. The deal, approved last week by ...
Yucaipa and Lantern, along with former Obama administration official Maria Contreras-Sweet, were originally partners in a bid to buy TWC, but that bid ultimately fell by the wayside.
Lantern, based in Texas, next became a stalking horse bidder to buy assets of the company out of bankruptcy. The deal, approved last week by ...
- 7/16/2018
- The Hollywood Reporter - Film + TV
No sooner had Lantern Capital closed its deal to buy The Weinstein Co. for $289 million than did Ron Burkle's Yucaipa Companies file a lawsuit in Los Angeles Superior Court on Monday accusing the Texas-based company of alleged fraud and breach of contract related to the sale.
Yucaipa and Lantern, along with former Obama administration official Maria Contreras-Sweet, were originally partners in a bid to buy TWC, but that bid ultimately fell by the wayside.
Lantern, based in Texas, next became a stalking horse bidder to buy assets of the company out of bankruptcy. The deal, approved last week by ...
Yucaipa and Lantern, along with former Obama administration official Maria Contreras-Sweet, were originally partners in a bid to buy TWC, but that bid ultimately fell by the wayside.
Lantern, based in Texas, next became a stalking horse bidder to buy assets of the company out of bankruptcy. The deal, approved last week by ...
- 7/16/2018
- The Hollywood Reporter - Movie News
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...
“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...
- 7/16/2018
- by Jenna Marotta
- Indiewire
Abigail Disney described how her outrage over Harvey Weinstein’s conduct prompted her to launch a bid for The Weinstein Co. and ultimately led to the creation of a new type of entertainment company that blends creativity with a broader social mission.
The documentary filmmaker and granddaughter of Walt Disney Co. co-founder Roy O. Disney offered a blistering critique of Weinstein and of billionaire Ron Burkle, who backed a bid for The Weinstein Co. that was fronted by a Maria Contreras-Sweet.
Referring more broadly to the industry, Disney remarked, “If raping and pillaging is part of your business plan, it’s probably how you treat everything else in your world.”
In a video conference call with a handful of journalists, Disney said she was “filled with rage” by the allegations of rape and sexual assault against the once-powerful Hollywood producer. She said her anger motivated her to back a bid to take over the studio.
The documentary filmmaker and granddaughter of Walt Disney Co. co-founder Roy O. Disney offered a blistering critique of Weinstein and of billionaire Ron Burkle, who backed a bid for The Weinstein Co. that was fronted by a Maria Contreras-Sweet.
Referring more broadly to the industry, Disney remarked, “If raping and pillaging is part of your business plan, it’s probably how you treat everything else in your world.”
In a video conference call with a handful of journalists, Disney said she was “filled with rage” by the allegations of rape and sexual assault against the once-powerful Hollywood producer. She said her anger motivated her to back a bid to take over the studio.
- 6/27/2018
- by Dawn C. Chmielewski
- Deadline Film + TV
The Weinstein Co. has dropped its price by 7% to complete the sale to Lantern Capital, provoking howls of protest from the unsecured creditors who said they feel “thrown under the bus.”
The lead attorney for the Dallas-based private equity firm said The Weinstein Co.’s board agreed this morning to reduce the price from $310 million to $287 million in order to close the sale, according to a recording of today’s hearing. The 7% price cut reflects the number of claims against the bankrupt studio, sources say.
However, the $23 million concession will mean less money for unsecured creditors, who are hoping to recover their losses.
“We don’t think the purchase price reduction is warranted,” Robert Feinstein, an attorney representing the committee of unsecured creditors, told Judge Mary Walrath. He said he plans to object to the reduction and requested time for discovery.
“The committee of unsecured creditors feel thrown under the bus here,...
The lead attorney for the Dallas-based private equity firm said The Weinstein Co.’s board agreed this morning to reduce the price from $310 million to $287 million in order to close the sale, according to a recording of today’s hearing. The 7% price cut reflects the number of claims against the bankrupt studio, sources say.
However, the $23 million concession will mean less money for unsecured creditors, who are hoping to recover their losses.
“We don’t think the purchase price reduction is warranted,” Robert Feinstein, an attorney representing the committee of unsecured creditors, told Judge Mary Walrath. He said he plans to object to the reduction and requested time for discovery.
“The committee of unsecured creditors feel thrown under the bus here,...
- 6/22/2018
- by Dawn C. Chmielewski
- Deadline Film + TV
New York Attorney General Eric Schneiderman, who has taken legal action against disgraced film mogul Harvey Weinstein, is defending himself against his own #MeToo allegations.
Four women who claimed they had romantic relationships or encounters with Schneiderman have told the New Yorker magazine in a piece published today that they were subjected to nonconsensual physical violence by the Empire State politician. Two of the women, Michelle Manning Barish and Tanya Selvaratnam, spoke with the publication on the record, saying they were doing so to protect others.
The women allege Schneiderman repeatedly hit them, often after drinking, frequently in bed.
In office in New York since 2011 and a critic of President Donald Trump as well as disgraced producer Weinstein, Schneiderman responded via Twitter with a statement, saying he did not “cross the line.”
Statement from Eric T. Schneiderman:
"In the privacy of intimate relationships, I have engaged in role-playing and other consensual sexual activity.
Four women who claimed they had romantic relationships or encounters with Schneiderman have told the New Yorker magazine in a piece published today that they were subjected to nonconsensual physical violence by the Empire State politician. Two of the women, Michelle Manning Barish and Tanya Selvaratnam, spoke with the publication on the record, saying they were doing so to protect others.
The women allege Schneiderman repeatedly hit them, often after drinking, frequently in bed.
In office in New York since 2011 and a critic of President Donald Trump as well as disgraced producer Weinstein, Schneiderman responded via Twitter with a statement, saying he did not “cross the line.”
Statement from Eric T. Schneiderman:
"In the privacy of intimate relationships, I have engaged in role-playing and other consensual sexual activity.
- 5/7/2018
- by Dawn C. Chmielewski and Dominic Patten
- Deadline Film + TV
Updated (May 1): Although the official TWC bidding period has ended, Inclusion Media requested an extension from the studio, looking to submitted a $315 million cash offer for its film and television properties, per Deadline. Inclusion’s founder is Broadway producer Howard Kagan, who wants to set aside $25 million in settlements and 4 percent equity for Weinstein’s alleged victims, and a separate $5 million and 1 percent equity for alleged victims who were also TWC employees. If Inclusion’s bid is successful, the company will keep TWC in Manhattan.
An anticipated bankruptcy auction to decide the fate of The Weinstein Company is no longer necessary, according to Deadline and the Los Angeles Times. Sources told the outlets that Lantern Capital Partners — the Dallas private equity fund that tested the market with its $425 million stalking-horse bid — went unchallenged when attempting to acquire 13-year-old TWC, its 277-film library (including Best Picture Oscar winners “The King...
An anticipated bankruptcy auction to decide the fate of The Weinstein Company is no longer necessary, according to Deadline and the Los Angeles Times. Sources told the outlets that Lantern Capital Partners — the Dallas private equity fund that tested the market with its $425 million stalking-horse bid — went unchallenged when attempting to acquire 13-year-old TWC, its 277-film library (including Best Picture Oscar winners “The King...
- 5/1/2018
- by Jenna Marotta
- Indiewire
Update: The rumor wire is working overtime right now on the ramifications of a surprising lack of several expected bids not materializing. Tonight, there was rumor that Legendary might be a surprise bidder. Sources tell me that the company did kick the tires, but didn’t bid. So that didn’t happen.
Exclusive: Lantern Capital’s path toward winning the assets of The Weinstein Company just got much clearer. Sources said that Miramax, Lionsgate, MGM and Vine and Shamrock have all decided not to tender bids. “It looks like nobody showed up today,” was how one informed source put it. Those companies had been angling through the early bidding process for the assets of a company that hit the rocks following the Harvey Weinstein scandal.
Lantern Capital, which was part of the bid by Yucaipa and Maria Contreras-Sweet, became the stalking horse bidder when the Dallas-based private equity form made a $425 million offer,...
Exclusive: Lantern Capital’s path toward winning the assets of The Weinstein Company just got much clearer. Sources said that Miramax, Lionsgate, MGM and Vine and Shamrock have all decided not to tender bids. “It looks like nobody showed up today,” was how one informed source put it. Those companies had been angling through the early bidding process for the assets of a company that hit the rocks following the Harvey Weinstein scandal.
Lantern Capital, which was part of the bid by Yucaipa and Maria Contreras-Sweet, became the stalking horse bidder when the Dallas-based private equity form made a $425 million offer,...
- 4/30/2018
- by Mike Fleming Jr
- Deadline Film + TV
New York Attorney General Eric Schneiderman released an open letter to the participants in The Weinstein Company bankruptcy proceeding, calling on everyone involved to use the sale process to protect survivors of past misconduct.
“Our requests of each of the stakeholders are straightforward,” Schneiderman wrote in the letter. “Bidders should propose bid enhancements that set aside financial resources to compensate and provide support services for injured employees and industry talent, both of whom are essential to the company’s future success.”
The bids should include terms to protect future employees and contractors, Schneiderman said. One possible bidder, based in New York, has already emerged.
In February, Schneiderman filed a civil rights lawsuit against The Weinstein Co., its disgraced co-founder Harvey Weinstein, and other senior executives, detailing a pattern of sexual misconduct.
Since filing suit, Schneiderman has sought to ensure that victims would be compensated, employees would be protected, and the...
“Our requests of each of the stakeholders are straightforward,” Schneiderman wrote in the letter. “Bidders should propose bid enhancements that set aside financial resources to compensate and provide support services for injured employees and industry talent, both of whom are essential to the company’s future success.”
The bids should include terms to protect future employees and contractors, Schneiderman said. One possible bidder, based in New York, has already emerged.
In February, Schneiderman filed a civil rights lawsuit against The Weinstein Co., its disgraced co-founder Harvey Weinstein, and other senior executives, detailing a pattern of sexual misconduct.
Since filing suit, Schneiderman has sought to ensure that victims would be compensated, employees would be protected, and the...
- 4/30/2018
- by Dawn C. Chmielewski
- Deadline Film + TV
Exclusive: As tonight’s deadline approaches for bids for The Weinstein Co., a new player might emerge with an offer that includes compensation for the women who say they were sexually assaulted or harassed by the company’s disgraced co-chairman, Harvey Weinstein, according to multiple sources.
The New York-based bidder with ties to Broadway is contemplating a bid that would maintain TWC as an active film and television studio headquartered in New York City, sources say.
This interested party also envisions honoring the commitments that New York Attorney General Eric Schneiderman secured on behalf of victims from an investor group led by Maria Contreras-Sweet and Ron Burkle, whose deal to buy the Weinstein Co. ultimately collapsed.
The bidder asked to remain unidentified because the offer has yet to be made, and might not come to fruition. However multiple parties are aware of this well-established entertainment figure’s interest in The Weinstein Co.
The New York-based bidder with ties to Broadway is contemplating a bid that would maintain TWC as an active film and television studio headquartered in New York City, sources say.
This interested party also envisions honoring the commitments that New York Attorney General Eric Schneiderman secured on behalf of victims from an investor group led by Maria Contreras-Sweet and Ron Burkle, whose deal to buy the Weinstein Co. ultimately collapsed.
The bidder asked to remain unidentified because the offer has yet to be made, and might not come to fruition. However multiple parties are aware of this well-established entertainment figure’s interest in The Weinstein Co.
- 4/30/2018
- by Dawn C. Chmielewski
- Deadline Film + TV
Updated with more details: The bankruptcy auction for the sale of The Weinstein Company has been moved to May 4 from an original date of May 2, and creditors want stalking horse bidder Lantern Capital to explain how it values separate pieces of the company’s assets in its $425 million bid.
The news came Friday morning during a hearing in federal court in Wilmington, De to discuss bidding procedures for the company. More than a dozen lawyers were present today, representing the creditors, The Weinstein Company and different assets and groups that are part of the sale, including Hotel Mumbai and the guilds for actors, writers and directors.
A lawyer for Hotel Mumbai, the film based on events surrounding the 2008 Pakistani terrorist attacks on the Taj Mahal Palace Hotel in India that stars Dev Patel and Armie Hammer, argued The Weinstein Company had no rights to the film and hadn’t received...
The news came Friday morning during a hearing in federal court in Wilmington, De to discuss bidding procedures for the company. More than a dozen lawyers were present today, representing the creditors, The Weinstein Company and different assets and groups that are part of the sale, including Hotel Mumbai and the guilds for actors, writers and directors.
A lawyer for Hotel Mumbai, the film based on events surrounding the 2008 Pakistani terrorist attacks on the Taj Mahal Palace Hotel in India that stars Dev Patel and Armie Hammer, argued The Weinstein Company had no rights to the film and hadn’t received...
- 4/6/2018
- by Mark Dent
- Deadline Film + TV
The Weinstein Company Files Chapter 11 Bankruptcy, Releases Employees From Non-Disclosure Agreements
The Weinstein Company filed for bankruptcy Monday, Harvey Weinstein’s 66th birthday. Plans for the filing were first announced on February 25, startling a group of investors — led by Maria Contreras-Sweet — then hoping to buy the studio’s assets. Those negotiations ultimately fell though. Lantern Capital has stepped in as the “stalking horse” bidder, requiring TWC to file for Chapter 11 to ascertain the value of its holdings. A source close to the Contreras-Sweet negotiations previously told IndieWire that TWC’s $280 million debt killed that deal.
Wilmington, Delaware will be the site of the U.S. Bankruptcy Court filing. “The Board selected Lantern in part due to Lantern’s commitment to maintain the assets and employees as a going concern,” said TWC in a statement. “The Company hopes that this orderly sale process under the supervision of the Bankruptcy Court will allow it to maximize the value of the Company’s assets...
Wilmington, Delaware will be the site of the U.S. Bankruptcy Court filing. “The Board selected Lantern in part due to Lantern’s commitment to maintain the assets and employees as a going concern,” said TWC in a statement. “The Company hopes that this orderly sale process under the supervision of the Bankruptcy Court will allow it to maximize the value of the Company’s assets...
- 3/20/2018
- by Jenna Marotta
- Indiewire
Following its failed sale to an investor group, the Weinstein Company announced Monday night that it has officially filed for bankruptcy.
Despite the filing to seek bankruptcy protection in the aftermath of alleged sexual assault accusations against co-founder Harvey Weinstein and the New York Attorney General Eric Schneiderman's subsequent civil rights lawsuit, the beleaguered film production company has secured a "stalking horse" bid on their assets from Lantern Capital, Variety reports. The bid was secured in an effort to set a minimum sale price to avoid other interested parties from lowballing the company.
Despite the filing to seek bankruptcy protection in the aftermath of alleged sexual assault accusations against co-founder Harvey Weinstein and the New York Attorney General Eric Schneiderman's subsequent civil rights lawsuit, the beleaguered film production company has secured a "stalking horse" bid on their assets from Lantern Capital, Variety reports. The bid was secured in an effort to set a minimum sale price to avoid other interested parties from lowballing the company.
- 3/20/2018
- Rollingstone.com
The Weinstein Company is still seeking a buyer after the withdrawal of investors Maria Contreras-Sweet and Ron Burkle, executive Bob Weinstein informed employees on Thursday. After months of chaos following the sexual assault scandal surrounding former CEO Harvey Weinstein, his brother Bob informed staff that “payroll obligations will continue to be met” while the board of directors seeks a new owner. “The board is still in discussions with potential buyers who want to keep the company and employees as a going concern,” Weinstein wrote in a companywide email obtained by TheWrap. About 157 people work across the film and TV studios. Also...
- 3/8/2018
- by Matt Donnelly
- The Wrap
Group led by Maria Contreras-Sweet and Ron Burkle uncovered $50m more debt than expected
The eleventh-hour deal to save Harvey Weinstein’s TV and film company from going bankrupt has fallen through, after the buyers discovered tens of millions of dollars more in liabilities on the books than expected.
Last week, a consortium of investors led by Maria Contreras-Sweet, a former senior official in Barack Obama’s administration, and Us billionaire Ron Burkle, entered the final stage of a $500m (£360m) deal to buy the Weinstein Company.
The eleventh-hour deal to save Harvey Weinstein’s TV and film company from going bankrupt has fallen through, after the buyers discovered tens of millions of dollars more in liabilities on the books than expected.
Last week, a consortium of investors led by Maria Contreras-Sweet, a former senior official in Barack Obama’s administration, and Us billionaire Ron Burkle, entered the final stage of a $500m (£360m) deal to buy the Weinstein Company.
- 3/7/2018
- by Mark Sweney
- The Guardian - Film News
The female-led investor group that had agreed to buy The Weinstein Company‘s assets pulled its offer on Tuesday, after discovering the Hollywood studio’s liabilities were higher than previously disclosed, two sources familiar with the matter told Reuters. Former Obama administration official Maria Contreras-Sweet announced in a statement on Tuesday that the deal reached just last week was now...
- 3/7/2018
- by Shakiel Mahjouri
- ET Canada
The Weinstein Company’s board of directors doesn’t want to hear Maria Contreras-Sweet’s “excuses,” the group said in a statement after the entrepreneur called off her prospective purchase of the company. “We are disappointed by the announcement today that the investor group led by Maria Contreras-Sweet and Ron Burkle has (again) walked away from its bid to buy the assets of The Weinstein Company,” the statement read. “Although we publicly predicted this outcome, the Board entered last week’s agreement in the hope and good faith that a transaction would save this Company and its employees. The investors’ excuse that they learned...
- 3/7/2018
- by Matt Donnelly
- The Wrap
TWC board claims investor group making excuses; trains sights on ’orderly’ bankruptcy.
The Weinstein Company (TWC) board has reacted with irritation after the investor group led by former Obama administration official Maria Contreras-Sweet on Tuesday (March 6) called off the $500m acquisition of the beleaguered company’s assets.
Contreras-Sweet announced last week the investor group led by herself and billionaire Ron Burkle was set to buy the TWC assets after initially appearing to back away from a deal. However the businesswoman changed course this week, reportedly after the investors found out about undisclosed liabilities amounting to approximately $64m, which raise TWC...
The Weinstein Company (TWC) board has reacted with irritation after the investor group led by former Obama administration official Maria Contreras-Sweet on Tuesday (March 6) called off the $500m acquisition of the beleaguered company’s assets.
Contreras-Sweet announced last week the investor group led by herself and billionaire Ron Burkle was set to buy the TWC assets after initially appearing to back away from a deal. However the businesswoman changed course this week, reportedly after the investors found out about undisclosed liabilities amounting to approximately $64m, which raise TWC...
- 3/6/2018
- by Jeremy Kay
- ScreenDaily
TWC board claims investor group making excuses; trains sights on ’orderly’ bankruptcy.
The Weinstein Company (TWC) board has reacted with irritation after the investor group led by former Obama administration official Maria Contreras-Sweet on Tuesday (March 6) called off the $500m acquisition of the beleaguered company’s assets.
Contreras-Sweet announced last week the investor group led by herself and billionaire Ron Burkle was set to buy the TWC assets after initially appearing to back away from a deal. However the businesswoman changed course this week, reportedly after the investors found out about undisclosed liabilities amounting to approximately $64m, which raise TWC...
The Weinstein Company (TWC) board has reacted with irritation after the investor group led by former Obama administration official Maria Contreras-Sweet on Tuesday (March 6) called off the $500m acquisition of the beleaguered company’s assets.
Contreras-Sweet announced last week the investor group led by herself and billionaire Ron Burkle was set to buy the TWC assets after initially appearing to back away from a deal. However the businesswoman changed course this week, reportedly after the investors found out about undisclosed liabilities amounting to approximately $64m, which raise TWC...
- 3/6/2018
- by Jeremy Kay
- ScreenDaily
TWC board claims investor group making excuses; trains sights on ’orderly’ bankruptcy.
The Weinstein Company (TWC) board has reacted with irritation after the investor group led by former Obama administration official Maria Contreras-Sweet on Tuesday (March 6) called off the $500m acquisition of the beleaguered company’s assets.
Contreras-Sweet announced last week the investor group led by herself and billionaire Ron Burkle was set to buy the TWC assets after initially appearing to back away from a deal. However the businesswoman changed course this week, reportedly after the investors found out about undisclosed liabilities amounting to approximately $64m, which raise TWC...
The Weinstein Company (TWC) board has reacted with irritation after the investor group led by former Obama administration official Maria Contreras-Sweet on Tuesday (March 6) called off the $500m acquisition of the beleaguered company’s assets.
Contreras-Sweet announced last week the investor group led by herself and billionaire Ron Burkle was set to buy the TWC assets after initially appearing to back away from a deal. However the businesswoman changed course this week, reportedly after the investors found out about undisclosed liabilities amounting to approximately $64m, which raise TWC...
- 3/6/2018
- by Jeremy Kay
- ScreenDaily
Businesswoman remains open to creating a studio led by women.
Five days after claiming to have reached a deal, the consortium led by former Obama administration official Maria Contreras-Sweet on Tuesday (March 6) said it was calling off the $500m acquisition of the Weinstein Company (TWC) assets.
Contreras-Sweet announced last week the investor group led by herself and billionaire Ron Burkle was set to buy the TWC assets, however the businesswoman changed course reportedly after frustrations arose over the lack of access to all relevant documents.
She said she remained committed to forming a studio led by women and would consider...
Five days after claiming to have reached a deal, the consortium led by former Obama administration official Maria Contreras-Sweet on Tuesday (March 6) said it was calling off the $500m acquisition of the Weinstein Company (TWC) assets.
Contreras-Sweet announced last week the investor group led by herself and billionaire Ron Burkle was set to buy the TWC assets, however the businesswoman changed course reportedly after frustrations arose over the lack of access to all relevant documents.
She said she remained committed to forming a studio led by women and would consider...
- 3/6/2018
- by Jeremy Kay
- ScreenDaily
Days after Maria Contreras-Sweet and her fellow investors announced plans to acquire The Weinstein Company’s assets — capping weeks of turbulent negotiations — she now says she will not go forward with the purchase. Read Contreras-Sweet’s full statement below.
All of us have worked in earnest on the transaction to purchase the assets of The Weinstein Company. However, after signing and entering into the confirmatory diligence phase, we have received disappointing information about the viability of completing this transaction.
As a result, we have decided to terminate this transaction.
I would like to thank the employees and the board of The Weinstein Company for pursuing this opportunity with us and Attorney General Eric Schneiderman for playing a crucial role at a critical time. I especially want to thank Ron Burkle and The Yucaipa Companies for their advice, showing faith in this deal, and taking an unusual step of subordinating many...
All of us have worked in earnest on the transaction to purchase the assets of The Weinstein Company. However, after signing and entering into the confirmatory diligence phase, we have received disappointing information about the viability of completing this transaction.
As a result, we have decided to terminate this transaction.
I would like to thank the employees and the board of The Weinstein Company for pursuing this opportunity with us and Attorney General Eric Schneiderman for playing a crucial role at a critical time. I especially want to thank Ron Burkle and The Yucaipa Companies for their advice, showing faith in this deal, and taking an unusual step of subordinating many...
- 3/6/2018
- by Jenna Marotta
- Indiewire
The on-again, off-again, on-again attempts by an investor group led by Maria Contreras-Sweet and Ron Burkle to buy the troubled Weinstein Co. is, suddenly, off-again, and this time it appears it may have definitely collapsed.
A sale agreement for a $500 million deal had been reached March 1 after a marathon negotiating session that also involved New York Attorney General Eric Schneiderman.
But, today, Contreras-Sweet issued a surprise announcement that she and her group "have decided to terminate the transaction."
Under terms of the agreement, the buyers had agreed to assume about $225 million of debt that the...
A sale agreement for a $500 million deal had been reached March 1 after a marathon negotiating session that also involved New York Attorney General Eric Schneiderman.
But, today, Contreras-Sweet issued a surprise announcement that she and her group "have decided to terminate the transaction."
Under terms of the agreement, the buyers had agreed to assume about $225 million of debt that the...
- 3/6/2018
- by Gregg Kilday ,Pamela McClintock
- The Hollywood Reporter - Movie News
The Weinstein Company assets will be purchased by the Ron Burkle-backed Maria Contreras-Sweet, and all things Weinstein will be removed from whatever remains. After a nearly four-decade run, the legacy of the most successful specialized distributor in history comes down to the last five tumultuous months that mark an inglorious (if not inglourious) end.
The Weinsteins made its first big Oscar splash in 1990 with “My Left Foot,” but they’d already been around for some time. Long before I covered box office for IndieWire, I spent 30 years as a film buyer, booking for theaters — and was a first-hand witness to Harvey and Bob Weinstein’s rise. Here’s my perspective on how they grew from a small outlier to an indie powerhouse.
“Bob Weinstein on the line. He says he’s from Buffalo.”
Back in 1981, phone calls were announced by a receptionist. As a young film buyer for M&R Theaters,...
The Weinsteins made its first big Oscar splash in 1990 with “My Left Foot,” but they’d already been around for some time. Long before I covered box office for IndieWire, I spent 30 years as a film buyer, booking for theaters — and was a first-hand witness to Harvey and Bob Weinstein’s rise. Here’s my perspective on how they grew from a small outlier to an indie powerhouse.
“Bob Weinstein on the line. He says he’s from Buffalo.”
Back in 1981, phone calls were announced by a receptionist. As a young film buyer for M&R Theaters,...
- 3/6/2018
- by Tom Brueggemann
- Indiewire
Will Guillermo del Toro win best director on Sunday? Will DoP Roger Deakins finally lay his hands on the prize? Follow Sunday’s 90th annual Academy Awards live here.
Pixar’s Coco won the animation feature Oscar and produced a stirring acceptance speech from director Lee Unkrich, who praised Mexico’s “endlessly beautiful culture and traditions,” adding: “Marginalised people deserve to feel like they belong. Representation matters.”
Chile’s A Fantastic Woman by Sebastian Lelio earned a big cheer when it was named best foreign-language film. Immediately after that award. Director Sebastian Lelio thanked “the inspiration for this movie, Daniela Vega.
Pixar’s Coco won the animation feature Oscar and produced a stirring acceptance speech from director Lee Unkrich, who praised Mexico’s “endlessly beautiful culture and traditions,” adding: “Marginalised people deserve to feel like they belong. Representation matters.”
Chile’s A Fantastic Woman by Sebastian Lelio earned a big cheer when it was named best foreign-language film. Immediately after that award. Director Sebastian Lelio thanked “the inspiration for this movie, Daniela Vega.
- 3/4/2018
- by Jeremy Kay
- ScreenDaily
Will Guillermo del Toro win best director on Sunday? Will DoP Roger Deakins finally lay his hands on the prize? Follow Sunday’s 90th annual Academy Awards live here.
The Shape Of Water – which began the night as the lead contender on 13 nominations – won its first Oscar about an hour into Sunday’s 90th annual Academy Awards for production design (Paul D. Austerberry, Jeffrey A. Melvin, Shane Vieau).
Bryan Fogel’s Russian doping scandal film Icarus was named best documentary feature. “We hope Icarus is a wake-up call – yes about Russia, but about telling the truth, now more than ever,...
The Shape Of Water – which began the night as the lead contender on 13 nominations – won its first Oscar about an hour into Sunday’s 90th annual Academy Awards for production design (Paul D. Austerberry, Jeffrey A. Melvin, Shane Vieau).
Bryan Fogel’s Russian doping scandal film Icarus was named best documentary feature. “We hope Icarus is a wake-up call – yes about Russia, but about telling the truth, now more than ever,...
- 3/4/2018
- by Jeremy Kay
- ScreenDaily
Will Guillermo del Toro win best director on Sunday? Will DoP Roger Deakins finally lay his hands on the prize? Follow Sunday’s 90th annual Academy Awards live here.
Bryan Fogel’s Russian doping scandal film Icarus was named best documentary feature. “We hope Icarus is a wake-up call – yes about Russia, but about telling the truth, now more than ever,” Fogel said.
The first award of the night at the 90th annual Academy Awards went to Sam Rockwell for best actor in a supporting role for Three Billboards Outside Ebbing, Missouri.
Richard King and Alex Gibson won achievement in sound editing for Dunkirk,...
Bryan Fogel’s Russian doping scandal film Icarus was named best documentary feature. “We hope Icarus is a wake-up call – yes about Russia, but about telling the truth, now more than ever,” Fogel said.
The first award of the night at the 90th annual Academy Awards went to Sam Rockwell for best actor in a supporting role for Three Billboards Outside Ebbing, Missouri.
Richard King and Alex Gibson won achievement in sound editing for Dunkirk,...
- 3/4/2018
- by Jeremy Kay
- ScreenDaily
Will Guillermo del Toro win best director on Sunday? Will DoP Roger Deakins finally lay his hands on the prize? Follow Sunday’s 90th annual Academy Awards live here.
The first award of the night at the 90th annual Academy Awards has gone to Sam Rockwell for best actor in a supporting role for Three Billboards Outside Ebbing, Missouri.
Show host Jimmy Kimmel, in his second consecutive year in the role, kicked off the evening with a reference to last year’s best picture mix-up, before referencing the Hollywood sex scandal and speaking in favour of change.
“This year when you hear your name called,...
The first award of the night at the 90th annual Academy Awards has gone to Sam Rockwell for best actor in a supporting role for Three Billboards Outside Ebbing, Missouri.
Show host Jimmy Kimmel, in his second consecutive year in the role, kicked off the evening with a reference to last year’s best picture mix-up, before referencing the Hollywood sex scandal and speaking in favour of change.
“This year when you hear your name called,...
- 3/4/2018
- by Jeremy Kay
- ScreenDaily
Will Guillermo del Toro win best director on Sunday? Will DoP Roger Deakins finally lay his hands on the prize? Follow Sunday’s 90th annual Academy Awards live here.
Fox Searchlight’s The Shape Of Water heads into the 90th annual Academy Awards on Sunday (March 4) with 13 nominations and is the clear front-runner. However there could well be triumphs along the way for Focus Features, Universal and Neon with the likes of Darkest Hour, Get Out and I, Tonya all in play, as well as Searchlight’s Three Billboards Outside Ebbing, Missouri.
Another tumultuous year for Hollywood has brought the...
Fox Searchlight’s The Shape Of Water heads into the 90th annual Academy Awards on Sunday (March 4) with 13 nominations and is the clear front-runner. However there could well be triumphs along the way for Focus Features, Universal and Neon with the likes of Darkest Hour, Get Out and I, Tonya all in play, as well as Searchlight’s Three Billboards Outside Ebbing, Missouri.
Another tumultuous year for Hollywood has brought the...
- 3/4/2018
- by Jeremy Kay
- ScreenDaily
The Weinstein Co., which currently faces a lawsuit for failing to protect its employees from sexual harassment, has finally been sold. The Weinstein Company Sells Assets A group of investors led by Maria Contreras-Sweet has purchased the company’s assets in the hopes to transform the scandal-plagued film studio into a female-led entertainment group. The announcement came just […]
Source: uInterview
The post The Weinstein Company Avoids Bankruptcy, Sells Assets – New Company To Have All-Female Board appeared first on uInterview.
Source: uInterview
The post The Weinstein Company Avoids Bankruptcy, Sells Assets – New Company To Have All-Female Board appeared first on uInterview.
- 3/2/2018
- by Hillary Luehring-Jones
- Uinterview
Friday night’s episode of “Frontline” centers on veteran Oscar guest Harvey Weinstein, who will be absent from Sunday’s ceremony. In October, the producer became only the second person ever to be expelled from the Academy of Motion Picture Arts in Sciences, after The New York Times and The New Yorker alleged his long history of sexual harassment and assault. He is under police investigation in New York, Los Angeles, and London.
IndieWire got a sneak peek at the special, which follows yesterday’s news that Maria Contreras-Sweet and a group of investors will purchase the assets of Weinstein’s namesake company and start anew. It features interviews with six Weintein accusers, as well as Women in Film’s Los Angeles president Cathy Schulman, the journalists whose reports led to Weinstein’s downfall, and New York Attorney General Eric Schneiderman, whose February 11 civil rights lawsuit against The Weinstein Company nearly thwarted Contreras-Sweet.
IndieWire got a sneak peek at the special, which follows yesterday’s news that Maria Contreras-Sweet and a group of investors will purchase the assets of Weinstein’s namesake company and start anew. It features interviews with six Weintein accusers, as well as Women in Film’s Los Angeles president Cathy Schulman, the journalists whose reports led to Weinstein’s downfall, and New York Attorney General Eric Schneiderman, whose February 11 civil rights lawsuit against The Weinstein Company nearly thwarted Contreras-Sweet.
- 3/2/2018
- by Jenna Marotta
- Indiewire
Exclusive: All it took today to snatch the assets of The Weinstein Company back from a bankruptcy plunge was a 12-hour negotiating session, fueled by a common goal between New York Attorney General Eric Schneiderman, the remaining TWC board members Tarak Ben Ammar, Lance Maerov and Bob Weinstein, and Maria Contreras-Sweet and Ron Burkle. Latter will pay $500 million for the assets and relaunch a new company that will have a female-dominated board, and that will keep the…...
- 3/2/2018
- Deadline
Exclusive: All it took today to snatch the assets of The Weinstein Company back from a bankruptcy plunge was a 12-hour negotiating session, fueled by a common goal between New York Attorney General Eric Schneiderman, the remaining TWC board members Tarak Ben Ammar, Lance Maerov and Bob Weinstein, and Maria Contreras-Sweet and Ron Burkle. Latter will pay $500 million for the assets and relaunch a new company that will have a female-dominated board, and that will keep the…...
- 3/2/2018
- Deadline TV
David Crow Mar 2, 2018
The Weinstein Company board reached a deal to sell the studio for $500 million to private investors after initially announcing bankruptcy.
The reports of The Weinstein Company’s bankruptcy, as relayed by TWC itself, were greatly exaggerated it seems.
See related Magnum P.I. revival in the works at ABC
News broke late Thursday evening that The Weinstein Company will be sold after all to an investment group led by Maria Contreras-Sweet. Furthermore, the $500 million deal that will give the Contreras-Sweet Group a majority stake in TWC is supposed to save about 150 jobs, as well as potential restitutions for victims of Harvey Weinstein’s predation.
The news caps a dramatic turnaround after the TWC board announced this past Monday that the deal had collapsed and they were going to file for bankruptcy due to having “no choice.” The tumultuous process had been some months in the making, as Contreras-Sweet,...
The Weinstein Company board reached a deal to sell the studio for $500 million to private investors after initially announcing bankruptcy.
The reports of The Weinstein Company’s bankruptcy, as relayed by TWC itself, were greatly exaggerated it seems.
See related Magnum P.I. revival in the works at ABC
News broke late Thursday evening that The Weinstein Company will be sold after all to an investment group led by Maria Contreras-Sweet. Furthermore, the $500 million deal that will give the Contreras-Sweet Group a majority stake in TWC is supposed to save about 150 jobs, as well as potential restitutions for victims of Harvey Weinstein’s predation.
The news caps a dramatic turnaround after the TWC board announced this past Monday that the deal had collapsed and they were going to file for bankruptcy due to having “no choice.” The tumultuous process had been some months in the making, as Contreras-Sweet,...
- 3/2/2018
- Den of Geek
Former U.S. Small Business Administration head Maria Contreras-Sweet announced that a deal has been reached to purchase The Weinstein Company's (TWC) assets, The Hollywood Reporter reports. A rep for The Weinstein Company confirmed the agreement to Rolling Stone. The studio's future had appeared in jeopardy since studio co-founder Harvey Weinstein's firing following multiple accusations of sexual assault and harassment.
Earlier this week, a potential sale fell through from buyers Contreras-Sweet and Ron Burkle, and TWC announced it was preparing for bankruptcy. However, on Thursday, it was announced that Contreras-Sweet,...
Earlier this week, a potential sale fell through from buyers Contreras-Sweet and Ron Burkle, and TWC announced it was preparing for bankruptcy. However, on Thursday, it was announced that Contreras-Sweet,...
- 3/2/2018
- Rollingstone.com
Updated with board statement: The board of directors at The Weinstein Company — Tarak Ben Ammar, Lance Maerov and Bob Weinstein — are now confirming the deal to sell the company’s assets to the investor group led by Maria Contreras-Sweet and Ron Burkle. So is New York Attorney General Eric T. Schneiderman. First is the statement by the board, and then the Ag. “We are pleased to announce that we have entered into an agreement to sell the assets of The Weinstein Company to…...
- 3/2/2018
- Deadline
Updated with board statement: The board of directors at The Weinstein Company — Tarak Ben Ammar, Lance Maerov and Bob Weinstein — are now confirming the deal to sell the company’s assets to the investor group led by Maria Contreras-Sweet and Ron Burkle. So is New York Attorney General Eric T. Schneiderman. First is the statement by the board, and then the Ag. “We are pleased to announce that we have entered into an agreement to sell the assets of The Weinstein Company to…...
- 3/2/2018
- Deadline TV
Agreement paves way for victim compensation, employee job protection.
Update: The Weinstein Company (TWC) board has agreed to sell its assets to the consortium of investors led by former Obama administration official Maria Contreras-Sweet and and Ron Burkle.
Thursday’s (March 1) development follows reports last weekend citing a letter from the TWC board that blasted as “illusory” the plan by Contreras-Sweet to acquire the company’s assets as the courtship process dragged on and the company appeared headed for bankruptcy.
However all that appears to be water under the bridge now in a saga that has contained more twists than a Formula One race track.
Update: The Weinstein Company (TWC) board has agreed to sell its assets to the consortium of investors led by former Obama administration official Maria Contreras-Sweet and and Ron Burkle.
Thursday’s (March 1) development follows reports last weekend citing a letter from the TWC board that blasted as “illusory” the plan by Contreras-Sweet to acquire the company’s assets as the courtship process dragged on and the company appeared headed for bankruptcy.
However all that appears to be water under the bridge now in a saga that has contained more twists than a Formula One race track.
- 3/2/2018
- by Jeremy Kay
- ScreenDaily
’The cornerstone of our plan has been to launch a new company that represents the best practices in corporate governance and transparency.’
The consortium of investors led by former Obama administration official Maria Contreras-Sweet has reached a deal to acquire the assets of The Weinstein Company (TWC), according to reports.
Thursday’s (March 1) development follows reports last weekend citing a letter from the TWC board that blasted as “illusory” the plan by Contreras-Sweet to acquire the company’s assets as the courtship process dragged on.
However all that could be water under the bridge now in what continues to...
The consortium of investors led by former Obama administration official Maria Contreras-Sweet has reached a deal to acquire the assets of The Weinstein Company (TWC), according to reports.
Thursday’s (March 1) development follows reports last weekend citing a letter from the TWC board that blasted as “illusory” the plan by Contreras-Sweet to acquire the company’s assets as the courtship process dragged on.
However all that could be water under the bridge now in what continues to...
- 3/2/2018
- by Jeremy Kay
- ScreenDaily
The Weinstein Co. is off life support -- an investment group backed by Ron Burkle has agreed to buy the flailing company. The investment group and The Weinstein Co. struck a deal Thursday in the office of New York's Attorney General Eric Schneiderman, but some details still have to be ironed out. TWC Chairman Bob Weinstein reportedly sat down with Burkle and his investing partner, Maria Contreras-Sweet, and Schneiderman lent a huge hand in reviving...
- 3/1/2018
- by TMZ Staff
- TMZ
After more than three months of speculation, Maria Contreras-Sweet announced Thursday that she and a group of investors will move forward with its purchase of The Weinstein Company’s assets.
Read More:‘Mary Magdalene,’ Michael Moore’s ‘Fahrenheit’ Sequel, and More Films in Limbo as TWC Mulls Bankruptcy
Said Contreras-Sweet in a statement:
Our team is pleased to announce that we have taken an important step and have reached an agreement to purchase assets from The Weinstein Company in order to launch a new company, with a new board and a new vision that embodies the principles that we have stood by since we began this process last fall. Those principles have never wavered and have always been to build a movie studio led by a board of directors made up of a majority of independent women, save about 150 jobs, protect the small businesses who are owed money and create...
Read More:‘Mary Magdalene,’ Michael Moore’s ‘Fahrenheit’ Sequel, and More Films in Limbo as TWC Mulls Bankruptcy
Said Contreras-Sweet in a statement:
Our team is pleased to announce that we have taken an important step and have reached an agreement to purchase assets from The Weinstein Company in order to launch a new company, with a new board and a new vision that embodies the principles that we have stood by since we began this process last fall. Those principles have never wavered and have always been to build a movie studio led by a board of directors made up of a majority of independent women, save about 150 jobs, protect the small businesses who are owed money and create...
- 3/1/2018
- by Jenna Marotta
- Indiewire
The Weinstein Co. has agreed to sell the majority of its assets to an investment group led by Maria Contreras-Sweet and Ron Burkle, striking an agreement after difficult negotiations among the board and the New York Attorney General Eric Schneiderman. The group has taken about 95 percent of assets on the table, one individual familiar with the deal said, though it’s unclear what will remain in the hands of the current shareholders and board. The announcement was sent wide on Thrursday as the investors sat hashing out a deal in the office of Schneiderman, who has been advocating for a sale...
- 3/1/2018
- by Matt Donnelly
- The Wrap
After a tumultuous process, Maria Contreras-Sweet on Thursday afternoon announced that a deal has finally been reached for the investor group she and billionaire Ron Burkle lead to buy disgraced mogul Harvey Weinstein's former company after a sit-down between all sides with New York State Attorney General Eric Schneiderman earlier in the day. Several hours later, the board of The Weinstein Co. confirmed the news.
The sale, which rescues TWC from having to declare bankruptcy, is expected to take 40 days to close, presuming there aren't any obstacles.
Schneiderman also gave the deal his blessing after serving as an official...
The sale, which rescues TWC from having to declare bankruptcy, is expected to take 40 days to close, presuming there aren't any obstacles.
Schneiderman also gave the deal his blessing after serving as an official...
- 3/1/2018
- by Pamela McClintock,Gregg Kilday
- The Hollywood Reporter - Movie News
Exclusive: An important meeting has gotten underway in New York that might well determine whether the beleaguered The Weinstein Company will see its assets sold to Maria Contreras-Sweet, Ron Burkle and Lantern Capital for $500 million and turned into a new company with a female-centric board, or whether it will fall into a 363 or Chapter 7 bankruptcy filing. Sources said that the meeting in New York includes Burkle, New York Attorney General Eric Schneiderman, and…...
- 3/1/2018
- Deadline TV
Exclusive: An important meeting has gotten underway in New York that might well determine whether the beleaguered The Weinstein Company will see its assets sold to Maria Contreras-Sweet, Ron Burkle and Lantern Capital for $500 million and turned into a new company with a female-centric board, or whether it will fall into a 363 or Chapter 7 bankruptcy filing. Sources said that the meeting in New York includes Burkle, New York Attorney General Eric Schneiderman, and…...
- 3/1/2018
- Deadline
Maria Contreras-Sweet has issued her first public statement since The Weinstein Company announced plans to file for bankruptcy, saying the deal she hoped would mark a turning point in the history of the embattled studio is now dead. “I was surprised to read in a publication a letter from The Weinstein Company representatives that they were terminating our negotiations to purchase the assets of TWC,” Contreras-Sweet said. “Based on our discussions, it was my understanding…...
- 2/27/2018
- Deadline
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