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The Weinstein Company
Type Private
Founded March 10, 2005
Founder(s) Bob Weinstein, Harvey Weinstein
Headquarters New York City, New York, USA
Industry Motion picture
Employees 200[1]
Divisions Dimension Films, Dimension Extreme, Our Stories Films, Ovation TV
Website http://www.weinsteinco.com/

The Weinstein Company (TWC) is an independent American film studio founded by Harvey and Bob Weinstein in 2005 after the pair left the Disney-owned Miramax Films, which they had co-founded in 1979. The brothers retained ownership of the Dimension Films label of Miramax.

Contents

History

Their first releases in 2005 included the dramatic thriller Derailed (starring Jennifer Aniston and Clive Owen), the offbeat comedy-drama Transamerica (starring Felicity Huffman) the computer-animated family film Hoodwinked, the World War II-era comedy-drama Mrs. Henderson Presents (starring Judi Dench and Bob Hoskins) and the caper comedy The Matador (starring Pierce Brosnan and Greg Kinnear).

In February 2006, TWC announced a distribution pact with Metro-Goldwyn-Mayer.[2] MGM distributed the product domestically in theaters, while TWC will retain long-term ownership of their product.

In July 2006, the Weinsteins and Robert L. Johnson announced the creation of a joint venture studio titled Our Stories Films, which will distribute African-American-oriented films.[3]

In late August 2006, it was announced that TWC and co-investors Hubbard Media Group purchased Ovation TV, an arts-focused cable channel [4].

In November 2006, TWC announced a three-year deal with Blockbuster Video to give the video renting company exclusive rights for rentals starting on January 1, 2007.[5]. However, under the First Sale Doctrine of United States copyright law, other rental companies are able to rent copies of the company's movies purchased at retail.[citation needed]

The company is the co-producer, along with Miramax, of the Lifetime reality series Project Runway, which for its first five seasons aired on Bravo.[citation needed]

Some rights to films originally produced by Miramax (under the leadership of the Weinsteins), as well as some films either distributed by or had rights reverted to Miramax now lie with TWC.[citation needed] For example, Genius Products/Weinstein Company Home Entertainment has reissued both released versions of Cinema Paradiso, originally distributed theatrically and on home video by Miramax.[citation needed]

On May 24, 2007, The Weinstein Company announced the launch of three new direct-to-video labels: The Miriam Collection, Kaleidoscope TWC, and Dimension Extreme.[6]

On September 25, 2008, TWC ended its three-year distribution pact with MGM three months before the December 31 end date. This happened in part because TWC had struck a television output deal with Showtime, though not through MGM's output deal with them. During the span of their pact, TWC paid for marketing and prints, while MGM received a distribution fee for booking theaters.[7]

In 2009, TWC might have lost the rights to the movie Sin City 2. The first movie cost only 40 million dollars to make and brought in almost 159 million in box office alone.[8] Weinstein Company lawyer Bert Fields quickly denied this report saying "TWC's rights to produce sequels to Sin City remain intact as they always have been. Any suggestion to the contrary is complete hogwash."[9][10]

In June 2009, The Weinstein Company announced the hiring of a financial adviser to restructure the finances of the company.[11]. Since July, 2009, many layoffs occurred at TWC, and the release dates of some films were pushed back.[12][13]. On September 14, 2009, TWC terminated its stake in Genius Products, which served as TWC's home video distributor from 2006 to 2009. Genius however, had announced to exit the home video distribution business and the DVD rights that were distributed by Genius were sold to Vivendi Entertainment. TWC also struck a deal with Vivendi.[14] In January 2010, TWC announced more layoffs at the company after the box office failure of Nine.[15] On February 21, 2010, The Weinstein Company made a deal with Sony Pictures Home Entertainment releasing the DVDs through Sony Pictures Worldwide Acquisitions Group.[16]

Weinstein films

Weinstein releases

Dimension releases

Titles distributed by MGM

Other films

Upcoming Films

Film Release Date Status Notes
Piranha 3-D August 27, 2010 Post-Production
Blue Valentine December 2010 Completed Premiered at Sundance Film Festival on January 24, 2010
Nowhere Boy 2010 Completed Premiered at Sundance Film Festival on January 27, 2010
All Good Things 2010 Completed International distribution rights only
Shanghai 2010 Completed
Hoodwinked 2: Hood vs. Evil 2010 Completed
The Tillman Story 2010 Completed Premiered at Sundance Film Festival on January 23, 2010
The Blood Bond 2010 Post-Production
The King's Speech 2010 Post-Production
Scream 4 2010 Pre-Production
Butter 2011 Pre-Production
Halloween III 2011 Pre-Production Production Halted
Scary Movie 5 2011 Announced
Gatchaman 2011 Unknown
Fraggle Rock 2012 Announced
Four Knights TBD Unknown

Weinstein books

Upon leaving Disney, the Weinsteins reached an agreement to bring over Rob Weisbach, the CEO of their publishing imprint, Miramax Books, to The Weinstein Company. Weisbach would continue to manage all of Miramax Books' existing titles until they were published but would acquire all new titles for Weinstein, while Disney would acquire new titles under their Hyperion imprint.[19]

Weinstein Books published its first book, Bloodletting and Miraculous Cures, on September 4, 2007.[20]

In October 19, 2009, TWC announced a joint venture with Perseus Book Group, whereby Perseus would be responsible for marketing, editing, publishing and distribution of Weinstein Books releases.[21]

References

External links








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