NEW YORK, Oct. 24 /PRNewswire/ -- The Weinstein Company (TWC), the media
enterprise launched this month by Bob and Harvey Weinstein, announced today
that it has completed a $490 million private placement of equity. TWC has a
significant number of well-known strategic, financial and individual investors
among its equity holders, including affiliates of GLG Partners, Goldman, Sachs
& Co., Perry Capital, Quinta Communications S.A., SOFTBANK CORP., TF1 S.A.,
WPP, a Mark Cuban investment company, Vivi Nevo, and a Todd Wagner investment
company, among others. The Weinstein Company's Co-Chairmen, Bob and Harvey
Weinstein, are the founders and former Co-Chairmen of Miramax Films.
Goldman, Sachs & Co. and Paul, Weiss, Rifkind, Wharton & Garrison LLP
advised TWC on the transaction.
TWC has begun to assemble a world-class Board of Representatives and has
named as members Dirk Ziff, Chairman of Ziff Brothers Investments; Tarak Ben
Ammar, Chairman of Quinta Communications S.A; Mathilde Krim, a biomedical
scientist and leader in the battle against HIV/AIDS worldwide as well as the
Founding Chairman and Chairman of the Board of American Foundation for AIDS
Research (amfAR), a world renowned charity that the Weinsteins have been very
active in since its inception; Andrew Metcalfe, an Advisory Director of
Goldman, Sachs & Co.; and Richard Koenigsberg, CPA and Partner at Spielman,
Koenigsberg & Parker, LLP; Bob and Harvey Weinstein will serve as Co-
Chairmen of TWC's Board of Representatives.
Bob and Harvey Weinstein said in a statement, "This is an extremely
exciting day for us. Twenty-six years ago, we founded Miramax and named it
after our parents, Miriam and Max, and we want to continue to pay tribute to
our parents by naming our new company after them, The Weinstein Company. We
are thrilled with the important relationships we have formed with our
investors over the past few months. We couldn't be happier with the members of
the Board whom we will be working closely with on an ongoing basis, building
and operating The Weinstein Company. We have assembled an incredibly talented
and dedicated team of executives and have the utmost confidence in all of
A Goldman Sachs spokesperson said: "We are very pleased to be a part of
this exciting new venture and look forward to an ongoing relationship with The
TWC will continue to own and operate the successful Dimension Films genre
label, which was created by Bob Weinstein during the Weinsteins' tenure at
Miramax. TWC will handle its own marketing and distribution of theatrical
releases in the United States. TWC will be announcing its distribution in
other media and markets in the near future.
TWC is based in New York City and has offices in Los Angeles and London.
TWC's first theatrical release is "Derailed," the highly anticipated
psychological thriller from Mikael Hafstrom starring Jennifer Aniston and
Clive Owen, which will open in theaters nationwide on November 11, 2005. Other
upcoming theatrical releases include "The Libertine," starring Johnny Depp,
Samantha Morton, and John Malkovich, which opens on November 23rd;
"Transamerica," a compelling comedy starring 2005 Emmy Award winner Felicity
Huffman from Desperate Housewives, which opens December 2nd; "Mrs. Henderson
Presents," the highly sought after film from director Stephen Frears starring
Academy Award(R) winner Dame Judi Dench and Academy Award(R) nominated Bob
Hoskins, which opens on December 9th; "The Matador," the hilarious black
comedy, which was a smash hit out of Sundance and stars Pierce Brosnan, which
opens on December 23rd; "Hoodwinked!," the first CGI animated film to be
released by TWC with voiceovers by Glenn Close, Jim Belushi, Anne Hathaway,
Anthony Anderson, and Xzibit, which opens on Christmas Day.
ABOUT THE WEINSTEIN COMPANY
The Weinstein Company was created by Bob and Harvey Weinstein, the
brothers who founded Miramax Films Corp. in 1979. The Weinstein Company is a
multi-media company that officially launched on October 1st, 2005. Dimension
Films, the genre label that began with Miramax, will also be included under
The Weinstein Company banner. The Weinsteins are actively working on the
production, development and acquisition of projects for The Weinstein Company.
While at Miramax, the Weinsteins released some of the most critically
acclaimed and commercially successful independent feature films of the past
decade. They received 249 Academy Award nominations and a record 16 Best
Picture nominations over the past ten consecutive years. Some of these films
include: "The Aviator," "Finding Neverland," "Chicago," "Gangs of New York,"
"In the Bedroom," "Chocolat," "The Cider House Rules," "Shakespeare In Love,"
"Life Is Beautiful (La Vita E Bella)," "Good Will Hunting," "The English
Patient," "Il Postino (The Postman)," "Pulp Fiction," "The Piano" and "The
The Weinsteins have acquired the following titles to be released by The
Weinstein Company: "Decameron," "The Libertine," "Last Legion," "Young
Hannibal," "Hoodwinked!," "Transamerica," "Nomad," "Outlander,"
"Stormbreaker," "Lucky Number Slevin," and "Master of the Crimson Armor."
Other titles to be released by The Weinstein Company include "Derailed," "The
Matador," "Wolf Creek," "Mrs. Henderson Presents," "Kill Bill:NC 17," "Fast
Track," "Breaking and Entering," "Scary Movie 4," "Sin City 2," "Pulse,"
"Passion of The Clerks," "Killshot," "Come Closer," "Awake," "Unknown," the
fourth movie in the Teenage Mutant Ninja Turtles Series, "School for
Scoundrels," and "Grind House." "Scary Movie 4" and "Killshot" are currently
in production, and "Passion of the Clerks," "Awake," and "School for
Scoundrels" are all expected to begin production in the next month.
SOURCE The Weinstein Company