The Presidential Daily Brief


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    Weinstein Company Sells to Lantern Capital for $289 Million

    After winning approval last week from a Delaware bankruptcy judge, Texas-based Lantern Capital announced it will acquire the studio once helmed by disgraced mogul Harvey Weinstein. The company, relaunching as Lantern Entertainment, gets Weinstein’s 277-film library on top of TV shows like “Project Runway” and unreleased films including Benedict Cumberbatch’s The Current War and Kevin Hart’s The Upside. Sale proceeds will bypass the Weinstein brothers, going instead to pay off lawyers, bankruptcy professionals, creditors and, if anything is left over, alleged victims of Weinstein’s sexual misconduct.

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