The Weinstein Company: Difference between revisions

<u>Background:</u> Bob and Harvey Weinstein founded The Weinstein Company in 2005 after leaving Miramax Films that same year. After the departure, the Weinsteins retained ownership of Dimension Films. From 2006 to late 2008, their films were primarily distributed and marketed by Metro-Goldwyn-Mayer, after which they intermittently distributed alone or produced with other studios. On October 5, 2017, The New York Times published an editorial stating that over 60 women in the media industry have accused Harvey Weinstein of sexual harassment, including the use of "casting couch" practices, with rumors spanning as far back as 19 years. Not long after, Weinstein was dismissed from the company. The allegations, Weinstein's dismissal, poor performance of their then-recent films, and major backlash in the media eventually led to the company declaring bankruptcy. In May 2018, Lantern Capital had won the studio's bankruptcy auction, and on July 16, 2018, they absorbed TWC's 277-film library into a new production and distribution company called Lantern Entertainment.