They built first Miramax, then the Weinstein Company together. But now, in the wake of Harvey Weinstein’s ongoing public reckoning for his alleged sexual crimes, the Weinstein Company is being sold, and Weinstein’s brother Bob is also stepping down from his position on the company’s board of directors.
Welcome to Development Hell, the fiery pit into which we fling recent developments in casting, distribution, and everything else that’s new and mildly interesting in the Boschian phantasmagoria of the entertainment industry.
Welcome to Development Hell, the fiery pit into which we fling recent developments in casting, distribution, and everything else that’s new and mildly interesting in the Boschian phantasmagoria of the entertainment industry.
The flailing (and rightfully so) Weinstein Company was recently snapped up by Lantern Capital Partners, a private equity firm so, uh, versatile, it buys up underperforming car dealerships while also branching out into the entertainment business. Now Deadline reports that one of Lantern’s first acts as the new stewards…
Given that Harvey Weinstein’s value has depreciated from “Oscar-winning movie mogul” to “reported serial rapist” over the past year, perhaps it’s only fitting that a private equity firm that specializes in, among other investments, buying up underperforming auto dealerships placed the winning bid in the Weinstein…
Among the many damning reports on the many sexual assault and harassment allegations against Harvey Weinstein, one of the most infuriating revelations was the news that the disgraced mogul’s contract effectively allowed for his misconduct. There seemed to be a built-in structure for paying out damages to those who…
Less than a week after we reported that a majority-female investment group led by former Obama administration member Maria Contreras-Sweet had closed a deal to buy The Weinstein Company for $500 million, Deadline is reporting that the deal for the once-prestigious production company has suddenly fallen apart.…
Following through on deals that began moving into place a few months ago, an investment group, headed by former Obama administration member Maria Contreras-Sweet, is finishing negotiations to buy the embattled Weinstein Company and replace it with a majority female-led movie studio. According to Deadline, the $500…
According to The New York Times, the Weinstein Company will file for bankruptcy now that its latest acquisition deal has fallen through. In a statement issued Monday, TWC’s board said it has “no choice”:
Variety reports the sale of the Weinstein Company has hit a big speedbump.
In October, while it tried to figure out its future in the wake of the crushing level of sexual misconduct allegations against co-founder Harvey Weinstein, The Weinstein Company wiped the rest of its 2017 slate clean by pulling both The Current War and Polaroid from its schedule. Now, The Weinstein Company has pulled…
In a turn that’s really only shocking in so far as it’s happening now, and not a month ago, Netflix has confirmed that it won’t be holding its annual Golden Globes party with The Weinstein Co. this year. The studio has, of course, been right at the heart at the current sexual harassment scandal sweeping through…
In addition to helping break the news of Harvey Weinstein’s long history of predatory behavior, the New Yorker has continued to go after the system and individuals who enabled the man who’s now been accused by 80 women of sexual assault or harassment. The latest dispatch from Ronan Farrow, who previously reported on…
Today in poetic justice: A former member of the Obama administration, backed by a largely female group of silent partners, has offered to buy The Weinstein Co. for $275 million, according to The Hollywood Reporter. The catch? The investor in question, Maria Contreras-Sweet, wants to change the company’s name and…
The public firestorm surrounding his old friend and long-time collaborator Harvey Weinstein doesn’t seem to have diminished Hollywood’s love for Quentin Tarantino just yet, despite the fact that the director publicly revealed a few weeks ago that he “knew enough to do more than I did” about Weinstein’s alleged…
After the allegations against co-founder Harvey Weinstein came out, The Weinstein Company has basically been falling apart. It started removing its name from previously released movies and pulling upcoming movies from the schedule all to avoid associating them with Harvey Weinstein, and last month an investor deal…
A lot of big names in Hollywood can credit their success to financial support from Harvey Weinstein, but with the magnitude of allegations against Weinstein threatening to sink anyone and everyone associated with him, some of these big names are making an effort to jettison any connection they have to Weinstein. Last…
Colony Capital, a private equity firm known for snapping up failing Hollywood properties at a bargain price, is withdrawing its investment offer to the embattled Weinstein Company, The New York Times reports. Last week, the firm and the struggling studio, whose name is being scrubbed from movie credits as we type, …
As the allegations and criminal investigations continue to mount against Harvey Weinstein, the producer/predator is currently seeking “help” with his ostensible “sex addiction” in an Arizona rehab facility. But a report from Page Six suggests that Weinstein may be resisting even this, most performative act of therapy,…
Despite Bob Weinstein’s frantic protestations that everything is still going swimmingly at the Weinstein Company following multiple journalistic investigations into co-founder Harvey Weinstein’s long history of sexually harassing and assaulting women, it looks like the embattled production company has been shopping…
