The Weinstein Company filed for bankruptcy in Delaware on Monday, in hopes to enter an organized sale process with a stalking horse bidder in Lantern Capital Partners.
The Dallas-based private equity firm has agreed to keep the studio’s employees on as a “going concern,” should the bankruptcy court approve the sale.
“While we had hoped to reach a sale out of court, the board is pleased to have a plan for maximizing the value of its assets, preserving as many jobs as possible and pursuing justice for any victims,” Bob Weinstein said in a statement provided to TheWrap.
The Dallas-based private equity firm has agreed to keep the studio’s employees on as a “going concern,” should the bankruptcy court approve the sale.
“While we had hoped to reach a sale out of court, the board is pleased to have a plan for maximizing the value of its assets, preserving as many jobs as possible and pursuing justice for any victims,” Bob Weinstein said in a statement provided to TheWrap.
- 3/20/2018
- by Matt Donnelly
- The Wrap
Similar News
From Dogma to Panic Room: more hard-to-find movies (keep your DVDs)
- 4/6/2024
- by Chris Bumbray
- JoBlo.com
Jonathan Glickman Formally Named Miramax CEO (Exclusive)
- 4/2/2024
- by Zoe G Phillips
- The Hollywood Reporter - Movie News
“Why isn’t Johnny Depp doing this movie?”: Matt Damon Couldn’t Believe a $105M Heath Ledger Movie Chose Him Over the Pirates Star
- 3/21/2024
- by Krittika Mukherjee
- FandomWire
Quentin Tarantino’s ‘The Movie Critic’: What would it have been like?
- 4/24/2024
- by Jordan Hoffman
- Gold Derby
“I’ll be the one to kill it”: Taylor Sheridan Made a Deal Knowing His $45M Movie Starring Jeremy Renner Would Be Dead in the Water But Did It Anyway
- 4/22/2024
- by Ariane Cruz
- FandomWire
Quentin Tarantino scraps plans for 10th and final film, ‘The Movie Critic’
- 4/18/2024
- by Jordan Hoffman
- Gold Derby
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.