Categories: FilmNewsSlider

Lantern Entertainment Completes $289M Weinstein Company Purchase; includes Oscar winners The King’s Speech, The Artist

Published by
Share

After months of negotiation, Lantern Capital has been given approval to complete its $289M acquisition of The Weinstein Company, which went into bankruptcy after the watershed sexual assault scandal of its namesake, Harvey Weinstein. They will rebrand themselves Lantern Entertainment and take control of the 277-film library that includes Oscar winners The King’s Speech, Inglourious Basterds, and The Artist.

The deal was less than the originally negotiated $310 million. The Weinstein Company agreed to a $21 million price reduction for its assets, with Lantern providing an $8.75 million fund to cover participation and other claims, including unpaid employees, directors, producers, and actors.

“Over the last several months, we have immersed ourselves in the formation of Lantern Entertainment,” co-presidents Andy Mitchell and Milos Brajovic said in a statement. “Throughout all our conversations with employees, creatives and industry professionals, we are inspired by the collective commitment and support extended to the launch of our new company, which is anchored by creativity in a meritocracy-based culture. Across all disciplines, we are extremely motivated to become a forward-thinking force in this industry.”

Lantern Entertainment’s unreleased feature films include The Upside, starring Kevin Hart, Bryan Cranston and Nicole Kidman (the American remake of The Intouchables), and The Current War with Benedict Cumberbatch and Michael Shannon, which played some film festivals last year.

Erik Anderson

Erik Anderson is the founder/owner and Editor-in-Chief of AwardsWatch and has always loved all things Oscar, having watched the Academy Awards since he was in single digits; making lists, rankings and predictions throughout the show. This led him down the path to obsessing about awards. Much later, he found himself in film school and the film forums of GoldDerby, and then migrated over to the former Oscarwatch (now AwardsDaily), before breaking off to create AwardsWatch in 2013. He is a Rotten Tomatoes-approved critic, accredited by the Cannes Film Festival, Telluride Film Festival, Toronto International Film Festival and more, is a member of the International Cinephile Society (ICS), The Society of LGBTQ Entertainment Critics (GALECA), Hollywood Critics Association (HCA) and the International Press Academy. Among his many achieved goals with AwardsWatch, he has given a platform to underrepresented writers and critics and supplied them with access to film festivals and the industry and calls the Bay Area his home where he lives with his husband and son.

Recent Posts

2025 Oscar Predictions: SUPPORTING ACTOR (November)

The Gotham Awards came in strong for four of the already top contending supporting actors… Read More

November 21, 2024

Director Watch Podcast Ep. 72 – ‘Three Colours: Blue’ (Krzysztof Kieślowski, 1993)

Welcome to Director Watch! On this AwardsWatch podcast, co-hosts Ryan McQuade and Jay Ledbetter attempt… Read More

November 21, 2024

2025 Oscars: Eligibility Lists for Animated Feature, Documentary Feature and International Feature Film for the 97th Academy Awards

The Academy of Motion Picture Arts and Sciences today announced feature films eligible for consideration… Read More

November 21, 2024

Nava Mau, Sean Wang Among 2024 BAFTA Breakthroughs Championing New ‘Must-Watch’ Creatives

BAFTA Breakthrough is the arts charity’s flagship new talent initiative supported by Netflix, offering a… Read More

November 21, 2024

Interview: Saoirse Ronan on Addiction, Recovery, and ‘The Outrun’ [VIDEO]

Addiction is a universal struggle and one oft explored in film and television. The Outrun,… Read More

November 21, 2024

Hans Zimmer, ‘Emilia Pérez,’ Diane Warren Top 2024 Hollywood Music in Media Awards

Triple was the buzz word of the 2024 Hollywood Music in Media Awards where Hans… Read More

November 21, 2024

This website uses cookies.