Competitors are moving to snap up the imploding independent studio’s back catalogue, but the assets cannot be fully valued until the scandal subsides
The death knell may have sounded over The Weinstein Company (TWC) name but Hollywood rivals believe the business has a secure future – without its disgraced co-founder – due to a legacy of hits including The King’s Speech and Silver Linings Playbook, as well as a strong slate of upcoming releases.
The independent studio, mired in the Harvey Weinstein abuse scandal, has put itself up for sale and this week TWC secured an emergency injection of cash from private equity firm Colony Capital, which is also in talks to buy all or part of the business. Last year, Weinstein said that the business, including its library, was worth up to $800m (£600m) and had no debt. What is certain now, however, is that the brand is worthless.