With Miramax looking like a lost cause, Weinstein Company moves on
Although it looks as if it won't regain Miramax, the Weinstein Company is moving ahead with a slate of movies to be released by the independent company Harvey and Bob Weinstein formed after leaving Disney. They're tapping into the equity and borrowing power put in place when they got their financial affairs in order last month.
"The company has been restructured in a healthy manner that works for all parties involved," a source with knowledge of the company said, "which provides the ability to not only release the current slate but also to do new production."
The goal for TWC is to have four to six wide releases a year and at least a half-dozen other limited releases, both in-house productions and acquisitions.