Latest in Maria Contreras-Sweet

2ND UPDATE with bankruptcy details: Sources said TWC will move quickly into 363 bankruptcy, likely by March 15. It is expected to follow the orderly bankruptcy procedure that MGM went through several years ago, because there is no shortage of bidders that want these assets. Those bidders will begin meeting tomorrow in…

EXCLUSIVE: All it took today to snatch the assets of The Weinstein Company back from a bankruptcy plunge was a 12-hour negotiating session, fueled by a common goal between New York Attorney General Eric Schneiderman, the remaining TWC board members Tarak Ben Ammar, Lance Maerov and Bob Weinstein, and Maria Contreras-Sw…

UPDATED with board statement: The board of directors at The Weinstein Company — Tarak Ben Ammar, Lance Maerov and Bob Weinstein — are now confirming the deal to sell the company’s assets to the investor group led by Maria Contreras-Sweet and Ron Burkle. So is New York Attorney General Eric T. Schneiderman. First is…

EXCLUSIVE: An important meeting has gotten underway in New York that might well determine whether the beleaguered The Weinstein Company will see its assets sold to Maria Contreras-Sweet, Ron Burkle and Lantern Capital for $500 million and turned into a new company with a female-centric board, or whether it will fall…

Maria Contreras-Sweet has issued her first public statement since The Weinstein Company announced plans to file for bankruptcy, saying the deal she hoped would mark a turning point in the history of the embattled studio is now dead. “I was surprised to read in a publication a letter from The Weinstein Company…

We’re finally getting some reaction, if not explanation, about the abrupt announcement last night that the board of directors of The Weinstein Company is moving the beleaguered company towards a bankruptcy filing because the cash flow derived from the sale of Paddington 2 rights to Warner Bros has run out. The board…

The Weinstein Co.’s board directors issued a statement saying it has no choice but to file for bankruptcy after talks with the investor group led by Maria Contreras-Sweet and Ron Burkle apparently collapsed. While it had hoped to save people’s jobs through a sale — as of today, talks have concluded without a signed…

The fund set aside by the potential new owners of The Weinstein Company to compensate victims of Harvey Weinstein’s alleged sexual misconduct has more than tripled today as part of discussions with the New York Attorney General’s office. At a meeting with the Empire State’s top prosecutor and the investor group led by…

The saga of the sale of The Weinstein Company took another turn today as the leading bidders for the company are seeking to loosen a Gordian knot with the New York State Attorney General's office. While nothing seems set yet, discussions are underway to hold a Wednesday meeting between AG Eric T. Schneiderman and the…

EXCLUSIVE: Bob Weinstein, the co-chairman of The Weinstein Company who was named along with his brother Harvey Weinstein in the civil rights lawsuit filed today by New York Attorney General Eric T. Schneiderman, said that he was not contacted by the AG before the suit was filed. Weinstein said he feared that though…

UPDATE: Board members Lance Maerov and Tarak Ben Ammar strongly refute the notion that they had any knowledge of the indiscretions by Harvey Weinstein before they broke in press reports in The New York Times and The New Yorker, contrary to an email that Deadline reviewed from TWC exec Irwin Reiter that implied…

EXCLUSIVE: It looks like the employees, assets and projects of old The Weinstein Company will get a new lease on life. According to sources, the bid from a group led by Maria Contreras-Sweet has entered into exclusive negotiations to acquire the company that plunged into darkness after the scandalous revelations about…