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The consortium of investors led by former Obama administration official Maria Contreras-Sweet has reached a deal to acquire the assets of The Weinstein Company (TWC), according to reports.
Thursday’s (March 1) development follows reports last weekend citing a letter from the TWC board that blasted as “illusory” the plan by Contreras-Sweet to acquire the company’s assets as the courtship process dragged on.
Water - Bridge - Saga - Twists - Formula
However all that could be water under the bridge now in what continues to be an ongoing saga with more twists than a Formula One race track.
A statement by the consortium released to the media read: “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.
Principles - Movie - Studio - Board - Directors
“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...
(Excerpt) Read more at: Screen
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