The Weinstein Company: Money trouble?
Rumors about the Weinstein Company’s supposed financial woes have been standard gossip-mill fodder ever since brothers Bob and Harvey Weinstein launched their independent enterprise in 2005. The latest round of news is not likely to change that. As has been widely reported, last week the Weinstein Co. hired the New York-based firm Miller Buckfire to help restructure its finances. In a statement, TWC said: “Like many other major and independent studios, we have hired financialadvisors, Miller Buckfire, to help us navigate through this economicclimate. They will allow us to expand our animation business, whileremaining focused on our other core entertainment assets in movies,television, theater, and books. Miller Buckfire has told usthat they’ve never received this amount of coverage for signing otherclients, so we’re thinking of asking them to pay us for the exposure.”
But the news follows reports of TWC’s release slate being in flux, giving rise to speculation that something more serious is afoot: namely, that TWC is too cash-strapped at the moment to release some of its movies. The Ryan Gosling drama All Good Thingswas originally slated for a July opening, but is not finished and currently has no new date; the 40s period piece Shanghai is likely to move from September to October; and the post-Katrina basketball drama Hurricane Season is still awaiting its release date. TWC denies the financial restructuring has anything to do with the scheduling changes.
Next up for TWC is Quentin Tarantino’s Inglourious Basterds (Aug. 21), followed by Rob Zombie’s Halloween 2 (Aug. 28), The Road (Oct. 16), and Rob Marshall’s Nine (Nov. 25).