We've Got Hollywood Covered

Report: Weinstein Co. in Talks to Restructure the Books

Disappointing “Nine” open reportedly adds urgency to the company’s financial situation

The Weinstein Co. is considering several deals to restructure its finances in order to improve liquidity and repay creditors, the New York Post reported Wednesday. Citing sources familiar with the matter, the Post reported that The Weinstein Co. is in talks about an "off balance sheet slate deal," in which an equity player would provide cash to help finance future productions.

Another option is the creation of an "acquisition fund," through which brothers Harvey and Bob Weinstein could access a pool of cash to buy projects at film festivals, for instance.

The discussions have taken on more urgency given the weak opening of "Nine," which took in a disappointing $7 million at the box office last week.

Read more at the New York Post.