Here’s the good news first: Universal and others around the making of Inglourious Basterds have confirmed to their satisfaction that The Weinstein Company has enough money to adequately release Quentin Tarantino’s latest oeuvre domestically next month. That means TWC has at least $30 million at its disposal. There’ve been questions about whether TWC has depleted all its cash reserves, especially because of the company’s financial problems and new attempt to restructure, but now those are resolved. By putting all its other movie releases on hold, presumably to hoard its cash, TWC is opening Inglourious Basterds on August 21st, and the reboot sequel of the Halloween horror franchise which the indie owns 100% a week later on August 28th.
Now for the bad news. Authoritative sources tell me that anyone who thinks Liberty Media’s Encore/Starz will come in as a white knight to make an investment in The Weinstein Company is very mistaken. There’s an article in today’s New York Post, whose business section unfortunately isn’t nearly as reliable now as it once was, theorizing from the Camp Allen conference that such a save could happen. “I can tell you that this is complete and utter bullshit, a non-starter, and nonsense from Encore and TCI’s perspective,” an insider tells me. “The writer was just ‘spun’ by Harvey Weinstein’s people.” TWC has hired Miller Buckfire to help restructure its debt and lower interest costs.
Editor-in-Chief Nikki Finke - tip her here.


When are people going to learn to take care of their damn money!!!!!? Seriously, someone give me $30 Million, I want to see what I can do with it. Please. Anybody?
whatever happened to TWC asian film fund?
Had to imaging “Inglorious” is going to save the day.
Do you know if this will affect The Road? It’s supposed to come out in mid-September after almost a year of delays and it would be nice to see it actually released for a change.
Gee, I wonder why Encore/Starz wouldn’t want to invest in such a well run company that has released so many hit movies.
*cough*
Sorry, almost choked on all the ironic snark.
so…what does this mean for THE ROAD?
I’ve heard more people expressing interest in seeing The Road than Inglourious … am I alone here?
Gotta believe that Mike Eisner is laughing is ass off at Harvey. Without all that Disney money he had at Mirmax, Harvey is just a big fat blubbering fool. So nice to watch him drowning.
Oh no, I’m sure Inglorious Basterds, a long, slow moving heavy on dialogue light on action, with large sections in a foreign language will be a huge hit.
beluga-jones, I’ve heard that the asian film fund was a lot of smoke and mirrors… that it was never actual cash they had but based on projections and promises, and some didn’t come through. I think Shanghai’s production being kicked out of China didn’t help either.
What does this mean for THE ROAD (currently slated to open in October) and NINE (Thanksgiving?)
I had interest in seeing ‘The Road’ until I saw the trailer. It’s going to be an even bigger disappointment than ‘Killshot’ was, and that’s saying something. Goodbye and good riddance to TWC already…
I don’t want to see anyone lose their jobs, especially at this time of credit crunching but I would love to see TWC going bust and then being picked apart in a fire sale.
The sight of fat Harvey being brutally picked clean by all the corporate studio behemoths would be a joy to behold.
I think everyone should be concerned about the shrinking business of the independent film. The Weinsteins, while not perfect, provided an outlet and began the careers of many filmmakers and talent.
They don’t really seem to be interested in indie movies anymore (and by indie, I don’t mean “any film that isn’t made by a major studio”).
I think they should go with “THE ROAD” as a bigger hit than the other film, it sounds more interesting to me!
TWC is a client. LOTS of $ have been spent at Basterds.
I wouldn’t dog a client film. I’d just shut up.
But Basterds is totally involving, and yes, it’ll recoup $ and be a hit worldwide. Do US auds care about dialog anymore? Is Transformers (another client) all we care about? I think we want more.
We’ll find out soon.
BTW Indies always seek funds, especially now. It’s what they do.
I’m very interested to see what the market is for this movie. Tarantino doesn’t have great commercial viability, the movie (which i’ve seen) really isn’t very good, and I don’t think that Brad Pitt is going to be able to open this at all.
To The Road lovers…um, I doubt it’s going to do very well, either. Granted, I only saw a early cut, but it’s not going to be any box office bonanza either. I think it’s going to open, then close (although, for what it’s worth, it’s a very good movie – at least early one). not to be miss debbie downer…but just b/c no country had an audience doesn’t mean the road is…
Topic? Harvey’s an asshole who deserves a comeuppance like few in the business. the day TWC folds is a good day for anyone with faith in karma.
“Latest ouevre”?
Strange…
Harvey and Tarantino will break up like Sonny and Cher after the IB fiasco.
Why does everyone keep saying that the end of TWC would be bad for indie film? Since when has Harvey or Quentin been indie — since Pulp Fiction? Well what have you done for me lately, Harv? I’ll be glad to see these faux indies dissolve into the ether…