Latest in Lantern Capital

Lionsgate has acquired the vast majority of the Spyglass Media Group’s feature film library of approximately 200 titles and formed a strategic content partnership, the two companies announced today. The agreement gives Lionsgate a 20% investment stake in Spyglass. whose major assets include the latest installment of…

UPDATE, 4:52 PM: After almost three years, Marvin Peart's multi-million dollar lawsuit over the acquisition of The Weinstein Company's assets now has a trial date. Originally looking for $110 million, the War with Grandpa producer and financier looks set to face off with Lantern Capitol Partners on December 1 in Los…

EXCLUSIVE: Here's some welcome news for fans of hit mafia crime series Gomorrah: producers of the small-screen drama are lining up an origins story feature film based on cult character Ciro Di Marzio, aka 'l'Immortale'. Marco D'Amore, who plays Di Marzio in the series, will star in and direct the Cattleya-produced…

EXCLUSIVE: We are hearing from multiple sources that Lars Klevberg’s horror title Polaroid, formerly a Dimension Films release, is headed to Netflix in an all rights acquisition deal. The paperwork isn’t completely signed yet as it will take some time to work through with Netflix taking the title from TWC’s new owner…

EXCLUSIVE: The most prominent of the Weinstein Co. leftover titles The Upside is landing with STX Entertainment, who is partnering with Lantern Entertainment to handle worldwide distribution on Neil Burger’s remake of the French hit The Intouchables. We heard that others were circling to distribute this title…

EXCLUSIVE: Ron Burkle’s Yucaipa Companies has filed suit against Lantern Capital today accusing the private equity firm of fraud, breach of contract and other charges in connection with the purchase of The Weinstein Company assets. Looking for a wide range of damages, Yucaipa is claiming it shared confidential…

More than 20 staffers at The Weinstein Company were laid off Wednesday, the same day a U.S. Bankruptcy judge ruled on a final sale price for Lantern Capital to acquire Harvey Weinstein’s former film and TV company. Those laid off will be paid through Friday. The layoffs came in the PR, marketing and mainly…

The sale of The Weinstein Company to Lantern Capital for $289 million is set to go forward Friday after a Delaware bankruptcy judge rejected objections from several Hollywood A-listers this morning. "This has been a difficult company to sell," TWC attorney Paul Zumbro said, "and I'm confident we have the best deal in…

Lantern Entertainment has agreed to create a fund for The Weinstein Co.’s unsecured creditors, a group that includes co-founder Harvey Weinstein’s accusers as well as the actors, directors and others in Hollywood who say they’re still owed money for their participation in the bankrupt studio’s films and television…

Some of Hollywood’s most prominent actors, directors, producers and writers are objecting to the sale of The Weinstein Company to Lantern Capital, raising fresh questions about the Dallas private equity firm’s willingness to make good on the bankrupt company’s contractual obligations. One document filed today with the…

Lantern Entertainment and The Weinstein Co. have resolved the two biggest remaining issues of the sale of the scandal-ravaged company: final price and closing date. The two entities announced they have reached a deal with the unsecured creditors committee, settling on a purchase price of $21 million (down from a…

EXCLUSIVE: The lead attorney in a class action lawsuit against Harvey Weinstein today voiced concern over allegations of fraud and racism leveled against the Dallas-based private equity firm poised to acquire The Weinstein Company. Producer Marvin Peart hit Lantern Capital with a $110 million lawsuit Monday, claiming…