Weinstein Co., the independent studio founded by Harvey and Bob Weinstein, is seeking to raise about $150 million to support film operations and retire debt, according to two people with knowledge of the effort.
Mark Cuban, the billionaire owner of the NBA’s Dallas Mavericks, may try to stop Harvey and Bob Weinstein from joining a buyout of Miramax films in a dispute over the performance of the “The Road,” a Weinstein movie.
U.K. betting websites have already crowned “The Artist” as the favorite to win this year’s Academy Award for best picture, offering as little as $1 in return for a $20 bet. Moviegoers are still casting their votes.
Miramax LLC and its founders, Harvey and Bob Weinstein, sued Time Warner Inc. for $75 million over claims they were deprived of their share of revenue from the movie adaption of J.R.R. Tolkien’s book “The Hobbit” after it was split into three different films.
“The Artist,” Weinstein Co.’s silent, black-and-white film about an actor with the transition to talkies, was nominated for six Golden Globe awards as Hollywood prepares to honor its best work of the year.