Lantern Entertainment

Lantern Entertainment, LLC is an American independent film studio and the successor to The Weinstein Company after its bankruptcy filing (which was a result of co-founder Harvey Weinstein being convicted of sexual harassment, assault, and rape). It is a separate company and purchased the entire assets of the former studio in a bankruptcy auction.[3]

Lantern Entertainment, LLC
Private
IndustryFilm
PredecessorThe Weinstein Company
FoundedJuly 16, 2018 (July 16, 2018)
FoundersAndy Mitchell
Milos Brajovic
Headquarters
Dallas, Texas
,
United States
Key people
Andy Mitchell (co-president)
Milos Brajovic (co-president)
ProductsMotion pictures
OwnerLantern Capital Partners
Number of employees
50[1] (2018)
DivisionsDimension Films[1]
Lantern Television
RADiUS
Spyglass Media Group[2] (majority stake)
Websitewww.lanternam.com

History

On July 16, 2018, the Dallas-based equity firm Lantern Capital Partners bought the assets of The Weinstein Company for $289 million. Lantern Entertainment was formed and assumed the rights to TWC's 277-film library.[4][3][5] In November 2018, Lantern acquired full control of three Quentin Tarantino films (Inglourious Basterds, Django Unchained and The Hateful Eight), originally released by The Weinstein Company, for $6.1 million.[6]

In February 2019, Lantern was reported to be reaching a settlement with The Walt Disney Company, regarding several films that Lantern that did not acquire (including Scream 4 and The Matador).

On March 13, 2019, Lantern and Gary Barber relaunched Spyglass Media Group, which will host the former TWC library. Italian film distributor Eagle Pictures, cinema chain Cineworld (which own Regal Cinemas) and later AT&T's Warner Bros. were brought in as minority holders.[7] Lantern made a majority investment including its film library to Spyglass. In March 2020, a federal judge ruled that Spyglass was not responsible for any of TWC's outgoing royalties.

In July 2019, Spyglass settled two major claims, including $11 million for Viacom regarding the TV series Scream and the film Sin City 2 (which Lantern did not acquire).

Assets

Motion Pictures

Television

  • Lantern Television

RADiUS
RADiUS
Label
IndustryFilm
FateDormant
PredecessorRADiUS-TWC
Founded2012
FounderBob Weinstein
Harvey Weinstein
Headquarters
Dallas 
,
United States of America 
ProductsMotion Pictures
OwnerThe Weinstein Company (2012–2018)
Lantern Entertainment (2018–present)
Websitelanternent.com/ 

RADiUS-TWC (or simply Radius) is a film label to Lantern Entertainment, formerly to TWC's division, for distribution of multi-platform video-on-demand and theatrical productions. It was launched in 2012, and specialized in niche and independent films rather than those aimed at mainstream audiences.[8][9] As of 2018, Radius had released about 35 films,[10] including Bachelorette, Butter, 20 Feet from Stardom, Only God Forgives,[11] Lovelace, All the Boys Love Mandy Lane, Man of Tai Chi, Fed Up, Snowpiercer,[12] Citizenfour, Horns, The Last Five Years, and It Follows.[13]

Filmography

Film
Film Release date Notes
The Upside January 11, 2019 Co-distribution with STX Entertainment
Polaroid September 17, 2019 International co-distribution with 13 Films;[14] distributed in the US by Vertical Entertainment
The Current War October 25, 2019 International co-distribution with Lantern Entertainment;[14] distributed in the US by 101 Studios
The Boys in the Boat TBD produced by Metro-Goldwyn-Mayer and Tempesta Films
US co-distribution with United Artists Releasing
distributed internationally by Universal Pictures[15]
Scream 5 co-production with Spyglass Media Group, Outerbanks Entertainment, and Project X Entertainment

Television
Show Network Years
Project Runway Bravo
Lifetime		 2018–present
Scream[16] VH1 2019
The Reaper NBC TBA

References
  1. Kilday, Gregg (July 16, 2018). "Weinstein Co. Saga Comes to an End as $289 Million Sale to Lantern Closes". The Hollywood Reporter. Archived from the original on July 18, 2018. Retrieved July 28, 2018.
  2. Lang, Brent (March 13, 2019). "Gary Barber Teams With Lantern Entertainment to Launch Spyglass Media Group". Variety. Retrieved March 13, 2019.
  3. Chmielewski, Dawn C. (July 16, 2018). "Lantern Entertainment Closes $289 Million Acquisition of The Weinstein Co.'s Assets". Deadline. Archived from the original on July 24, 2018. Retrieved October 20, 2018.
  4. Marotta, Jenna (July 16, 2018). "The Weinstein Company Is No More: Buyer Lantern Capital Partners Rebrands as Lantern Entertainment". IndieWire. Archived from the original on July 18, 2018. Retrieved July 17, 2018.
  5. "Lantern Finally Owns The Weinstein Company's Remains - Now What?". TheWrap. July 23, 2018. Archived from the original on August 19, 2018. Retrieved October 20, 2018.
  6. Maddaus, Gene (November 13, 2018). "Lantern Entertainment Pays $5.5 Million to Take Three Quentin Tarantino Films". Variety. Retrieved May 21, 2019.
  7. https://deadline.com/2019/03/lantern-entertainment-and-gary-barber-launch-spyglass-media-group-a-new-home-for-former-weinstein-co-assets-1202574918
  8. "Tom Quinn and Jason Janego Exit Radius-TWC (EXCLUSIVE)" Archived January 26, 2018, at the Wayback Machine. Variety, by Ramin Setoodeh and Brent Lang, August 5, 2015
  9. Anne Zeiser (June 19, 2015). Transmedia Marketing: From Film and TV to Games and Digital Media. CRC Press. pp. 333–. ISBN 978-1-134-74622-4. Archived from the original on February 25, 2017. Retrieved November 1, 2016.
  10. "'It Follows' Expands as Radius-TWC Bets on Box Office Over VOD" Archived December 23, 2016, at the Wayback Machine. The Wrap | By Todd Cunningham on March 19, 2015
  11. Jared Latore; Clint Worthington (January 2014). Alcohollywood - Our Year in Movies. Lulu.com. pp. 87–. ISBN 978-1-304-73128-9. Archived from the original on February 25, 2017. Retrieved November 1, 2016.
  12. "'The Overnight' Crosses $1 Million in Digital, On-Demand Revenue (EXCLUSIVE)" Archived January 26, 2018, at the Wayback Machine. Variety, October 4, 2015 Brent Lang
  13. "'It Follows' on Track to Be Radius-TWC’s Highest-Grossing Release". Variety, March 29, 2015, Brent Lang.
  14. Vlessing, Etan (October 8, 2018). "Benedict Cumberbatch's 'The Current War' to Get International Release". The Hollywood Reporter. Archived from the original on October 9, 2018. Retrieved October 20, 2018.
  15. "TWC Project 'Boys in the Boat' Afloat Again in Partnership Between MGM and Lantern Entertainment". October 30, 2018.
  16. Otterson, Joe (June 24, 2019). "'Scream' Series Moves From MTV to VH1 for July Debut". Variety. Retrieved June 24, 2019.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.