The Weinstein Co.’s assets: April 30 auction deadline

20 April, 2018

 

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60 potential buyers have emerged for the Weinstein Co.’s film and television assets, 48 of whom already have inspected the company’s books in a data room ahead of the court’s April 30 auction deadline.

stalking horse wants preference

[more April 6 The Weinstein Company’s lawyers reiterated today the need for the breakup fee and reimbursement, saying Lantern Capital wouldn’t proceed without them.]

Lantern’s agreement, reached before The Weinstein Co. filed for protection from creditors in bankruptcy court, calls for a $9.3 million break-up fee and reimbursement of up to $6.2 million in expenses. The studio urges the court to approve these fees — saying they were necessary to entice Lantern to enter a so-called “Stalking Horse” agreement that effectively sets a minimum price for subsequent bidding on the Weinstein Co.’s assets. “Permitting the Stalking Horse to prime other administrative expense claimants has no basis in the bankruptcy code,” Trustee Andrew R. Vara has objected.

[March 20:  TWC business to be a preeminent content provider, they say ]

harvey-weinstein-releaseing-less-indiependent-movies

Lantern Capital Partners “promise to reposition the business as a preeminent content provider, while cultivating a positive presence in the industry.” The Weinstein Company said it struck a deal with an affiliate of private equity firm Lantern Capital Partners to acquire its assets and filed for bankruptcy in the Delaware court, listing $500 million to $1 billion in liabilities and $500 million to $1 billion in assets.

 

[ March 15 Glasser: wrongful termination, retaliation, breach of contract and defamation ]

David Glasser has hired Sauer & Wagner to sue TWC and its remaining board members — Bob Weinstein, Lance Maerov and Tarak Ben Ammar for wrongful termination, retaliation, breach of contract and defamation.

 

[September 27 2011 TWC: Bruno is back ]
The Weinstein Company announced September 26 that Stephen Bruno, after a stint at HBO, will return as the head of marketing.

Bruno, former assistant to Harvey Weinstein, had departed TWC for HBO less than a year ago.

He’ll report to his old boss, Harvey Weinstein, as well as company COO David Glasser.

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