Well, the company has been sold to Dallas, TX, based Lantern Capital - which specializes in purchasing distressed businesses, re-structuring them, and re-selling them. Lantern's prior purchases have included everything from car dealerships to a zinc recycling company. Lantern purchased TWC for $310m, a bargain, as the Weinsteins had grown it into an Oscar winning, indie film juggernaut; however, TWC needs rehab and rebranding, big-time. Don't forget, Harvey was the prime-mover for the #MeToo movement.
|Harv, facing the music in NYC court|
Whether or not Lantern can turn TWC around is questionable, as they have no prior experience with dealing in the Hollywood arena. My guess is that Lantern will complete the financing and distribution of the films already in production by TWC and then go from there.