Weinstein Co Looking To Raise $150M: Bloomberg

The Weinstein Co in full awards-season glory thanks to this year’s Best Picture Oscar frontrunner The Artist leading the distributor’s 16 overall nominations. But the black-and-white silent film hasn’t been a blockbuster at the box office, having taken in only about $28 million domestically to date. So it’s not surprising to see that Bloomberg is reporting that the indie studio is looking to raise $150 million to support film operations and retire debt. The sources cited in the report said that amount could change, but that the loan would be backed by the company’s library and Union Bank is leading the deal. The studio restructured its debt in 2010 and has been working its way back up the ladder, winning the Best Picture Oscar last year with The King’s Speech and receiving critical praise this season with The Iron Lady and My Week With Marilyn.

This article was printed from https://deadline.com/2012/02/weinstein-co-looking-to-raise-150m-bloomberg-233746/