Financial problems for rape-apologists Harvey and Bob Weinstein? From the WSJ September 28:
The surprise hit “Inglourious Basterds” appears to have breathed some life into Weinstein Co., but the independent movie studio is still facing a serious cash squeeze.
Several people familiar with the finances of the company, founded by independent film producers Harvey and Bob Weinstein, said it needs a fresh capital infusion or successive box-office blockbusters to ease the growing pressure.
The four-year-old film company has burned through most of the roughly $1.2 billion in debt and equity financing raised for its launch in 2005, these people said. Now, these people said, the company likely has to do one of two challenging feats: either raise at least $50 million or turn its upcoming slate of films into a series of hits that build on the success of “Inglourious Basterds.”
In a statement, Weinstein said, “The company has the resources to meet all our obligations, from production to release of our films. As far as new financing opportunities, we will always be interested in new deals, provided we see mutual profitability.”
Weinstein Co. is a relatively small studio in the Hollywood landscape. But its financial woes reflect the challenges facing many independent production companies, some of which have closed their doors in recent years, as film financing has dried up and audiences’ tastes have shifted.
In a sign of its troubles earlier this year, Weinstein did not pay back a $75 million bridge loan from Ziff Brothers Investments, according to people familiar with the situation. Interest is accruing on that loan, adding to their debt. That investment firm’s chairman, Dirk Ziff — one of the company’s early backers and a friend of Harvey Weinstein’s — resigned from the Weinstein Co. board this year.
And here’s a list of upcoming movies from the Weinsteins that NRO readers might be interested in not seeing. Rambo V?
Thanks to reader G.G.





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