Magazine article Screen International

Bankruptcy Court Rejects Calls to Block Weinstein Company Sale

Magazine article Screen International

Bankruptcy Court Rejects Calls to Block Weinstein Company Sale

Article excerpt

Reduced price deal with Lantern approved as TWC cuts another 20 jobs.

A US bankruptcy court approved the $289m sale of The Weinstein Company (TWC) to Lantern Capital on Wednesday (July 11), in spite of objections from a group of Hollywood players.

The group of stars, directors, producers and business people - among them Robert DeNiro, Julia Roberts and David O Russell - had called for the sale to be blocked until they are guaranteed payment of TWC’s outstanding debts. …

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