Weinsteins, Regaining Strength, Take Control Of Starz

Bob and Harvey Weinstein are returning to the home-video business, this time as 25-percent owners of John Malone's Starz Media, a unit of Malone's Liberty Media conglomerate. Starz Media operates the video distribution company Anchor Bay Entertainment, which acquires rights to release new Weinstein Co. films on DVD and other digital media. The deal is the first for The Weinstein Co. since last June, when it discarded unrelated -- and unprofitable -- clothing and Internet businesses and swapped some 200 of its movies for hundreds of millions of dollars in debt. Earlier the Weinsteins had acquired a 70-percent stake in the video and CD distributor Genius Products only to see the company's business go south. Under the deal with Liberty, Starz Media will continue to be run by its present management. "This is different because we're more mature now and we're not creating this from the ground level," Harvey Weinstein told today's (Wednesday) Los Angeles Times . "With Genius, Bob and I made a lot of mistakes. But with the structure already in place, we won't do that again." In a separate interview with Sharon Waxman of TheWrap.com, Weinstein added, "We're concentrating on the things we are good at. The minute we started doing just that, the company has come alive."

05/01/2011


Contactmusic

Tags: Harvey Weinstein - The Company - The Deal

Advertisement

More Harvey Weinstein

Argentinian Soccer Animation 'Underdogs' Gets English Makeover [Pictures]

Juan Jose Campanella's animated movie Foosball is being repackaged for a worldwide release under the new title Underdogs. The Weinstein Company has acquired rights in...

August: Osage County Movie Review

Tracy Letts adapts his own prize-winning play into a blistering depiction of one of cinema's most dysfunctional families ever. It's still rather theatrical, throwing a...

Harvey Weinstein Vows To Back Major Cut Down On Violent Movies

Harvey Weinstein got tongues wagging this week with the announcement that his production company are making an anti-gun film, one that will star Meryl Streep...

Harvey Weinstein On Meryl Streep/NRA Movie, "They're Going To Wish They Were Dead"

Harvey Weinstein has promised that the National Rifle Association are going to "wish they weren't alive" after his releases his firearms movie, with Meryl Streep....

Advertisement

Before The Desolation Of Smaug's Release, The Weinstein Brothers Are Suing New Line For Their Cut Of The Profits

The Hobbit trilogy, which has been a highly profitable venture for New Line Cinema, is also causing some problems for the studio – namely a...

Harvey And Bob Weinstein Sues Warner Bros. For $75 Million Dollars Over Owed Money From 'The Hobbit' Films

The Weinstein brothers have filed a lawsuit against Warner Bros. and its New Line Cinema due to claims that they are owed money from 'The...

'Mandela: Long Walk to Freedom' Gives Idris Elba A Real Oscars Chance

Mandela: A Long Walk To Freedom, the Weinstein's biopic based on the autobiography of South African President Nelson Mandela, has received mixed reviews from...

Michelle Obama Fronts Filmmakers Workshop At White House As She Promotes Careers In Hollywood

First Lady Michelle Obama presented a filmmakers workshop at the White House on Friday, 8 November, to promote careers in the entertainment industry to a...

Advertisement

Comments

Harvey Weinstein Newsletter

Subscribe to this news alert service to receive news and reviews on Harvey Weinstein

Unsubscribe | Unsubscribe All