Weinstein Co. Names Lantern Capital as Winning Bidder for Assets

Lantern Capital is the winning bidder to acquire The Weinstein Co., the once prestigious studio behind The King's Speech, The Artist, Project Runway and various other films and television shows, the embattled company said Tuesday.

"Lantern’s bid clearly achieves the highest and best value for the estate and its creditors,” said Ivona Smith, a member of The Weinstein Co. board. “We look forward to working with Lantern to close the transaction and consummate the going concern sale.”

When TWC filed for bankruptcy in March after Harvey Weinstein's sexual misconduct left the company reeling, Texas-based Lantern became the stalking horse bidder with a...
See full article at The Hollywood Reporter - TV News »

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