An anticipated bankruptcy auction to decide the fate of The Weinstein Company is no longer necessary, according to Deadline and the Los Angeles Times.
Sources told the outlets that Lantern Capital Partners — the Dallas private equity fund that tested the market with its $425 million stalking-horse bid — went unchallenged when attempting to acquire 13-year-old TWC, its 277-film library (including Best Picture Oscar winners “The King’s Speech” and “The Artist”), dozens of halted film and television projects, and remaining 80-person staff.
Bids were due April 30.IndieWire has reached out to Lantern and TWC for comment.The mini-major studio — flailing since Pulitzer Prize-winning, October reports from The New York Times and The New Yorker prompted a deluge of sexual misconduct allegations against co-founder and former co-chairman Harvey Weinstein — declared bankruptcy March 19.
Less than two weeks ago, a TWC lawyer told Delaware Federal Bankruptcy Court Judge Mary Walrath that 60 parties expressed interest in buying the company,
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