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Weinstein Co. assets face unclear future under Lantern Capital

The Weinstein Co. produced too much content to completely disappear. But the name that once carried so much weight in...

Posted: May 26, 2018 7:18 AM
Updated: May 26, 2018 7:18 AM

The Weinstein Co. produced too much content to completely disappear. But the name that once carried so much weight in Hollywood -- taken from brothers Bob and Harvey Weinstein -- is likely to fade from view, while its assets face an uncertain future under new stewardship.

Harvey Weinstein was arrested Friday on charges of rape and sex abuse.

"Mr. Weinstein has always maintained that he has never engaged in non-consensual sexual behavior with anyone," Weinstein's attorney Benjamin Brafman said in a statement. "Nothing about today's proceedings changes Mr. Weinstein's position. He has entered a plea of Not Guilty and fully expects to be exonerated."

The fate of Harvey Weinstein's former company had been in limbo for months, as it sought to unwind itself from its co-founder, and then find a buyer.

Earlier this month, a bankruptcy court judge approved the sale of the Weinstein Co. to Lantern Capital, a Dallas-based private equity firm, for $310 million.

In the deal, Lantern -- which is not a known player in the entertainment industry -- will acquire a mix of projects that include several unreleased films and a library of movies and TV shows.

One high-profile Weinstein TV series, "Project Runway," has already found a new life. It was announced at NBC's upfront presentation earlier this month that the long-running franchise would be returning to Bravo, the NBCUniversal network, after a decade at rival Lifetime, which terminated its commitment to air the show in November after the allegations against Weinstein surfaced.

Related: Remains of the Weinstein Company sold -- to the only real bidder

In a statement announcing the deal, NBC said it was "beyond excited to reboot-'Project Runway'-at the network where it all began." The company also cited a wider relationship to develop other unscripted programming with Lantern Entertainment, whose co-presidents, Andy Mitchell and Milos Brajovic, called the agreement "an exciting first step for Lantern Entertainment."

The Weinstein Co. library includes more than 250 films. Those titles have collectively garnered 28 Academy Awards, among them "The King's Speech" and "The Artist."

First at Miramax Films, and then the Weinstein Co., Harvey Weinstein was considered a pioneer in the field of Oscar campaigning, in a way that both won accolades and, during his heyday, had high-profile talent flocking to work with him.

Some of the unreleased movies on Weinstein's slate, meanwhile, have managed to extricate themselves from those ties. That includes "In the Heights," an adaption of the Tony Award-winning stage musical by "Hamilton's" Lin-Manuel Miranda, with the rights having reverted to Miranda and playwright Quiara Alegria Hudes.

Two other Weinstein productions, "Paddington 2" and a movie version of the series "The Six Million Dollar Man" -- titled "The Six Billion Dollar Man" and starring Mark Wahlberg -- were acquired by Warner Bros., which, like CNN, is a unit of Time Warner.

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 294994

Reported Deaths: 6681
CountyCasesDeaths
DeSoto19660230
Hinds18785386
Harrison16679278
Rankin12675264
Jackson12575226
Lee9683160
Madison9448199
Jones7945146
Forrest7204136
Lauderdale6833226
Lowndes6021137
Lamar587680
Lafayette5730113
Washington5218130
Bolivar4608123
Oktibbeha440993
Panola430394
Pearl River4159130
Warren4126114
Pontotoc408769
Marshall403192
Monroe3988126
Union395174
Neshoba3800168
Lincoln3539102
Hancock346974
Leflore3374118
Sunflower318386
Tate302474
Pike300095
Scott293670
Alcorn291761
Itawamba289675
Yazoo288762
Tippah278565
Copiah277757
Coahoma277568
Simpson274778
Prentiss269758
Wayne253741
Marion252578
Leake252471
Covington248879
Grenada247377
Adams234277
George231745
Newton229452
Winston221675
Jasper213245
Tishomingo212165
Attala206569
Chickasaw201151
Holmes181870
Clay179150
Stone172429
Tallahatchie170539
Clarke169371
Calhoun157828
Smith152731
Yalobusha144836
Greene127633
Walthall124140
Noxubee122829
Montgomery122238
Perry121634
Lawrence120221
Carroll118125
Amite111333
Webster110630
Jefferson Davis101731
Tunica99023
Claiborne98429
Benton93324
Humphreys92827
Kemper90123
Quitman77114
Franklin76019
Choctaw69516
Wilkinson62426
Jefferson62327
Sharkey48817
Issaquena1676
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Alabama Coronavirus Cases

Cases: 493252

Reported Deaths: 9929
CountyCasesDeaths
Jefferson709861374
Mobile36108725
Madison32405455
Tuscaloosa24110410
Montgomery22565500
Shelby21929215
Baldwin19732283
Lee14961153
Morgan13659251
Calhoun13275286
Etowah13176319
Marshall11261209
Houston10086261
Elmore9376185
Limestone9359134
Cullman8891181
St. Clair8822223
Lauderdale8603211
DeKalb8446175
Talladega7517163
Walker6518255
Jackson6492102
Autauga626491
Blount6097127
Colbert6001118
Coffee5245102
Dale4640107
Russell404730
Franklin399177
Covington3957106
Chilton3870100
Escambia377472
Tallapoosa3585142
Clarke343650
Chambers3410110
Dallas3403141
Pike293372
Lawrence282984
Marion281895
Winston246767
Bibb245060
Geneva239670
Marengo235855
Pickens224654
Barbour211551
Hale209768
Fayette200256
Butler196166
Henry182441
Cherokee177038
Monroe166139
Randolph163640
Washington156535
Clay144354
Crenshaw144354
Macon142043
Cleburne137739
Lamar132833
Lowndes131051
Wilcox121825
Bullock116936
Conecuh106724
Perry105527
Sumter98331
Coosa88823
Greene87632
Choctaw55023
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