Weinstein reading scripts

25 November, 2010

Michelle Williams

Michelle Williams Harvey Weinstein

Speaking from London, where his company is producing “My Week With Marilyn,” about a little-known relationship between a young man and Marilyn Monroe, Weinstein avowed he’s returned to what he knows best. “I didn’t read ‘Juno’ or ‘Slumdog Millionaire’ and I was only coming to the festivals to make my presence known,” he said, referring to the two independent hits snatched by rival Fox Searchlight. “Now, I realize the strongest thing I can do for my company is read 15 scripts a week.”
To fund operations and make movies, the company is now reliant upon revenue from its remaining catalog of 108 films and new releases and a $50-million credit facility.

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Michelle Williams

Michelle Williams

“Blue Valentine,” a dark romantic look at two young lovers in a crumbling marriage, was given an NC-17 rating because of a scene involving oral sex. “It’s just a credit to the persuasiveness of Derek Cianfrance’s directing skills. There’s no oral sex. Michelle Williams isn’t even naked. It looks like she is, but it’s just the angle of the shots.”
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Michelle Williams

Michelle Williams

 

Disney originally wanted a price close to $700 million, while most earlier investors valued the library at no more than $550 million – continuing disagreements about the valuation of Miramax’s 611-title film library.   The $660 million price will be reduced by about $50 million in cash on hand and existing sales contracts to license movies from the library worth more than $100 million. That would mean the investors have to come up with $250 million-$300 million in equity, with the remaining portion funded by bank debt.   Acquisition of Miramax Films from Disney by Filmyard Holdings — led by investors Ronald Tutor and Tom Barrack of Colony Capital — remains on track to close by year’s end. However.   In addition to Tutor and Barrack, the Miramax deal’s other investors include New York philanthropist Jerome Schwartz and Rob Lowe (through an investment venture the actor created with Barrack).

Michelle Williams

Michelle Williams

The Weinstein Co. is hiring Bladimiar A. Norman as vice president marketing for TWC and Dimension pictures, reporting to David Glasser and the brothers.

Michelle Williams

Michelle Williams

 

 

 

 

The Weinstein Company is close to signing film finance veteran David Hutkin to join the company and oversee a new division called Strategic Initiatives, Investments & Banking Group.  Hutkin will come aboard as executive vice president, and will bring with him longtime colleague Vivian Tarn. Hutkin has spent 15 years working in senior structured and corporate debt underwriting within the entertainment industry at numerous banks. Most recently, he has been head of entertainment finance for the First California Bank, and before that worked for Bank of America, ICB Entertainment Finance and The Lewis Horwitz Organization. Hutkin has worked on financing for hundreds of films that include My Big Fat Greek Wedding, Monster, The Illusionist and Showtime’s The Tudors.