Weinstein Co. Files for Chapter 11 Bankruptcy
- Lantern Capital offer for $310 million topped a rival bidder
- Filmmaker seeks to put sexual harrassment claims behind it
Bankruptcy Filing Shows Hedge Funds With Stake in Weinstein & Co.
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Weinstein Co., the movie company hobbled by more than 80 sexual harassment claims against co-founder Harvey Weinstein, filed for bankruptcy with plans to sell its entertainment assets.
Lantern Capital Partners offered $310 million for the film and TV studio, which fired co-founder Harvey Weinstein amid a backlash over the claims. The Dallas-based private equity firm, if it’s not outbid, would take on assets including a library of more than 277 films that have generated $2 billion of box-office sales and a television business with hits including “Project Runway.”