UPDATE: Weinstein Co Making Film Deal With Len Blavatnik/Stewart Till's Icon UK

EXCLUSIVE…MONDAY UPDATE & WRITETHRU: I now have the details of that in-the-works deal between Ukrainian-born billionaire industrialist Len Blavatnik and cash-strapped The Weinstein Company. Harvey and Bob Weinstein are social friends with Blavatnik, whose U.S.-based Access Industries was the backer of Stewart Till’s 2009 purchase of Icon UK film and entertainment business from then owners Mel Gibson and Bruce Davey. Now The Weinstein Co and Icon UK will find movies with budgets of $5 million to $10 million, and maybe even $15 million (“if we see something we like,” an insider tells me). Weinsten Co will put up 100% of the P&A for the U.S. market and Icon UK will put up the P&A for foreign. And Weinstein Co will distribute the pics in North America while Icon UK will release in England and Australia. Weinstein Co will pre-sell a few overseas territories but Icon UK  will re-sell most of the international countries. And the two companies will split the profits 50-50. It is The Weinstein Co’s intention to make as many films as it can that fit the criteria. The figure may start out as 1 or 2 the first year because of a revolving credit facility of only $25M which the Weinstein Co hopes could balloon to a fund of $100M. (more…)

This article was printed from https://deadline.com/2010/10/is-len-blavatnik-to-invest-in-weinstein-co-74343/