The Weinstein Company: Difference between revisions
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| predecessors = [[Miramax Films]] | | predecessors = [[Miramax Films]] | ||
| founded = March 10, 2005 ({{age|2005|3|10}} years ago) | | founded = March 10, 2005 ({{age|2005|3|10}} years ago) | ||
| founder = {{w| | | founder = {{w|Harvey Weinstein|Harvey}} and {{w|Bob Weinstein}} | ||
| defunct = July 16, 2018 ({{age|2018|7|16}} years ago) | | defunct = July 16, 2018 ({{age|2018|7|16}} years ago) | ||
| fate = Bankruptcy | | fate = Bankruptcy | ||
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===Background=== | ===Background=== | ||
Bob | Harvey & Bob '''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 April 7, 2006 to November 7, 2008, most of their films were primarily distributed and marketed by [[Metro-Goldwyn-Mayer Studios|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.<ref>https://www.nytimes.com/2017/10/05/us/harvey-weinstein-harassment-allegations.html</ref> 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. Weinstein subsequently pled guilty and was sentenced to 23 years in prison. | On October 5, 2017, ''The New York Times'' published an editorial stating that over 60 women (including actress {{w|Gwyneth Paltrow}}) 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.<ref>https://www.nytimes.com/2017/10/05/us/harvey-weinstein-harassment-allegations.html</ref> 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. Weinstein subsequently pled guilty and was sentenced to 23 years in prison. | ||
In May 2018, Lantern Capital won the studio's bankruptcy auction, and on July 16, they absorbed TWC's 277-film library into a new production and distribution company called [[Lantern Entertainment]], with the rights to a majority of their films later being sold to [[Lionsgate Films|Lionsgate]]. Later that year, TWC's library was transferred to [[Spyglass Media Group]], which Lantern Entertainment has a majority stake in. | In May 2018, Lantern Capital won the studio's bankruptcy auction, and on July 16, they absorbed TWC's 277-film library into a new production and distribution company called [[Lantern Entertainment]], with the rights to a majority of their films later being sold to [[Lionsgate Films|Lionsgate]]. Later that year, TWC's library was transferred to [[Spyglass Media Group]], which Lantern Entertainment has a majority stake in. | ||