The Weinstein Co in full awards-season glory thanks to this year’s Best Picture Oscar frontrunner The Artist leading the distributor’s 16 overall nominations. But the black-and-white silent film hasn’t been a blockbuster at the box office, having taken in only about $28 million domestically to date. So it’s not surprising to see that Bloomberg is reporting that the indie studio is looking to raise $150 million to support film operations and retire debt. The sources cited in the report said that amount could change, but that the loan would be backed by the company’s library and Union Bank is leading the deal. The studio restructured its debt in 2010 and has been working its way back up the ladder, winning the Best Picture Oscar last year with The King’s Speech and receiving critical praise this season with The Iron Lady and My Week With Marilyn.


A smoke and mirrors potential Best Picture Oscar will float all out-of-pocket boats is the idea, their regular go-to premise. I’m not so sure Oscar gold blinds star-crossed deep pockets anymore. Maybe abroad.
I fear the Weinstein Company might be in some sort of vicious cycle. It seems dependent on Oscar buzz to sell their movies at the box office. However, the Oscar qualifying limited release plans keeps the films from entering the zeitgeist of the actual ticket buying audience.
This creates a schism between the films and the audience. The audience sees the movies not as movies designed to entertain them, but to garner awards for the film’s makers and stars. So the once certain “Oscar Bump,” gets rarer and rarer. Sometimes a film, like The King’s Speech, does click with the public, but it’s not the guarantee that it once was.
If the Weinstein Co can lose money on The King’s Speech, they can lose money on ANYTHING!!!!
The iron lady is hardly critically acclaimed lol. Remotely Meryl and that’s it.
Does this include Dimension Films? I enjoy the cheesy horror films they release.
Dimensions’ cheesy horror films aren’t as lucrative as in the past, which has helped make the whole company cash poor.