The Weinstein Company might be cursed following Harvey Weinstein‘s ousting.
As we formerly reported, a indie film noble was dismissed from his association after The New York Times and The New Yorker unearthed decades value of sexual nuisance and rape allegations. Man, oh man.
And while a preference to glow Harvey was clearly a right one, it seems there is some financial result to vouchsafing a Hollywood heavyweight go. According to TMZ, a vital film banker has private a loan from TWC given Harvey is no longer heading a company.
Apparently, AI International Holdings fronted a $45 million loan to TWC final year and has given demanded that a income be returned. Yikes!
In a minute created by AI’s authorised group for TWC’s lawyers during O’Melveny Myers, a association claims that “the exclusion of Harvey Weinstein from his position as co-chairman” creates a “material inauspicious change.” In short: Weinstein’s banishment allows them to ask for an evident amends of a loan.
AI isn’t a foreigner to a party attention as a association financed several blockbusters — including Lee Daniels‘ The Butler, Hacksaw Ridge, and a arriving crack I, Tonya.
To make matters worse, TWC has been strike with a initial lawsuit post-Harvey. It’s pronounced a lawsuit has been filed by former Paramount President of Production Brad Weston and writer Michael Menchel. The attention vets explain they constructed a James Corden led One Chance for a reduced price in sell for behind finish profits.
The producing span concluded to this understanding as TWC betrothed that a film would seem on 800 screens, though in reality, usually showed on 43. Damn.
Understandably, Weston and Menchel are seeking $1.25 million each. As it’s believed that Harvey was a linchpin for TWC’s years of success, these updates supplement some-more fuel to a report glow that a mini-major film studio can’t final but a scandalized filmmaker.
Sucks to suck, The Weinstein Company!
[Image around WENN.]