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Old 03-03-2018, 02:25 PM   #1
sc111
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Default Weinstein Company Assets Sold To A Female-Led Company.

Thought this was interesting news from:

http://www.indiewire.com/2018/03/wei...in-1201934311/

After more than three months of speculation, Maria Contreras-Sweet announced Thursday that she and a group of investors will move forward with its purchase of The Weinstein Company’s assets.

Said Contreras-Sweet in a statement:
Our team is pleased to announce that we have taken an important step and have reached an agreement to purchase assets from The Weinstein Company in order to launch a new company, with a new board and a new vision that embodies the principles that we have stood by since we began this process last fall. Those principles have never wavered and have always been to build a movie studio led by a board of directors made up of a majority of independent women, save about 150 jobs, protect the small businesses who are owed money and create a victims’ compensation fund that would supplement existing insurance coverage for those who have been harmed. The cornerstone of our plan has been to launch a new company that represents the best practices in corporate governance and transparency.

This next step represents the best possible pathway to support victims and protect employees.

We are grateful to the New York State Attorney General’s office for their efforts in helping us reach an agreement and we are grateful to our investors who have believed in this process and in the compelling value of a female-led company. We also want to thank all the parties who returned to the negotiating table to help us reach this development.

I have had a long-standing commitment to fostering women ownership in business. This potential deal is an important step to that end.
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Old 03-08-2018, 12:27 PM   #2
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Default Re: Weinstein Company Assets Sold To A Female-Led Company.

The deal fell apart again. https://www.nytimes.com/2018/03/06/b...pany-sale.html
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Old 03-08-2018, 01:34 PM   #3
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Default Re: Weinstein Company Assets Sold To A Female-Led Company.

Oh well.
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