The Manila Times

Weinstein Co. sale completed

- NEW YORK:

Harvey Weinstein’s one- time production On Monday, its new owners confirmed they had concluded the purchase of The Weinstein Company and introduced its successor, Lantern Entertain

The Weinstein Company was sold to Lantern Capital Partners for a reported $ 289 million in a deal finalized nine months after Weinstein’s career went into free- fall over explosive allegation­s of sexual

The sale amounts to more the originally reported price

“Today, we turn the page to begin anew,” said Lantern Entertainm­ent co- presidents Andy Mitchell and Milos Bra

The new company, they said, would be “anchored by creativity in a meritocrac­ybased culture” and across all discipline­s, they were “extremely motivated to become a forward- thinking force in

Last Thursday, The Weinstein Company announced that four of its five board members would step down upon the closing of the sale, including Weinstein brother

The sale gives Lantern a li which generated more than $2 billion at the box office worldwide, as well as a television business that includes the hit reality fashion series,

Among the film titles are Oscar winners “The King’s Speech” and “The Artist,” as well as “Inglouriou­s Basterds,” “Silver Linings Playbook” and

Its unreleased feature films include “The Upside,” starring Bryan Cranston and Nicole Kidman and “The Current War” with Benedict Cumber-

Lantern Entertainm­ent, with offices in Dallas, Los Angeles and New York, said it was committed to being a culture of “diverse profession­als who will operate with the absolute highest level of ethics and

Lantern Capital, a Texas was the winning bidder when The Weinstein Company was

Weinstein’s career imploded in October in a blaze of accusation­s of sexual misconduct and abuse from dozens of women that triggered a major reckoning about harassment in the workplace and the

He is now fighting six counts of sexual assault and rape in New York, and risks a maximum sentence of life imprisonme­nt if put on trial and convicted of the most serious

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