Weinstein Company

By Julia Teti

The Weinstein Company

345 Hudson Street New York, NY 10014 [3]

http://weinsteinco.com


Introduction

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The King’s Speech, Best Picture Winner 2011, Source: imdb.com [15]

Known for it’s numerous films; The Weinstein Company is responsible for the distribution of such movies as The Reader, The King’s Speech, and Silver Linings Playbook and within this past year Macbeth, Carol and The Hateful Eight.[1] A winner of multiple prizes when it comes to awards season, The Weinstein Company is a dominant film distributor and, though still relatively new to Hollywood, is distributing films that have received numerous critical accolades and various nominations among other accomplishments.

 

 

                           

 History

In 2005, the founders of Miramax (1979), Robert and Harvey Weinstein, launched the distribution company known as The Weinstein Company. Dimensions Films is also part of The Weinstein Company as a genre label founded in 1993 by Robert Weinstein. The Weinstein Company has received over 300 Oscar nominations and has won 81 Academy Awards in the short time since it’s founding. The Weinstein Company also is very strong in the realm of television; however, the focus here will be placed on its accomplishments and noteworthy happenings in film.[1] Headquarters for the company are located in New York, NY. The Weinstein Company does not disclose for the public it’s financial reports.

Awards and Accolades

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The Hateful Eight, Source: imdb.com [16]

Known for it’s award winning films, The Weinstein Company saw a year in which none of its films were nominated in the Best Picture category, the first time since 2008.[2] The Weinstein Company has boasted films such as The King’s Speech and The Artist, both of which took home the Oscar for Best Picture. The year 2016 saw The Weinstein Company receiving ten nominations for it’s three films Carol, The Hateful Eight, and The Hunting Ground.[2] For these three films that did receive nominations, The Hateful Eight won the Oscar for Best Original Score, by Ennio Morricone.[6] Harvey Weinstein has been known to be associated with the Oscars and for campaigning heavily for his nominated films, dating back to before the founding of The Weinstein Company through the Weinstein brother’s previous company Miramax. With the issue of this awards season being equal representation of races in film, Weinstein had stated he would cause a stir with the Academy if Ennio Morricone did not win for his category.[6]

Executives [3]

Photo of Mr. Robert Weinstein (right), Co-Founder, Co-Chairman and Principal and Mr. Harvey Weinstein (left), Co-Founder, Co-Chairman and Principal

Photo of Mr. Robert Weinstein (right), Co-Founder, Co-Chairman and Principal and Mr. Harvey Weinstein (left), Co-Founder, Co-Chairman and Principal [17]

Corporate Shake Ups

Erik Lomis, former Distribution Chief for The Weinstein Company, left his position as of March 2016 to pursue the role of Lead Distributor at Megan Allison’s Annapurna Pictures.[5] The news came in early March of 2016 as Lomis decided not to renew his contract with The Weinstein Company. Lomis has created positive business relationships with theatre owners and various talents in the film industry. Lomis is credited for taking Quentin Tarantino’s ambition to release The Hateful Eight in 70mm and making the idea come to fruition. Lomis is not the only associate to leave The Weinstein Company as of recently.[5]

RADiUS-TWC heads Tom Quinn and Jason Janego exited in summer of 2015.[5] Meryl Poster, former TV President, and Stephen Bruno, Marketing Chief, also dissolved their relationships with The Weinstein Company. With the loss of Janego and Quinn, The Weinstein Company is reconfiguring its boutique distributor RADiUS, responsible for such films as It Follows and Citizenfour. The Weinstein Company is currently planning to expand RADiUS day-and-date releases into new niche markets. An interviewing process has begun for the role of senior acquisitions executives to manage the VOD division. RADiUS is credited in helping The Weinstein Company with a scaled down, multi-platform release of the film Snowpiercer. The Weinstein brothers are also currently downsizing with a more focused slate of films for the 2016-year.[4]

Current Film: Jane’s Got a Gun

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Jane Got a Gun, Source: imdb.com [19]

The Weinstein Company’s latest film to come to theaters is Jane Got a Gun, starring Natalie Portman and Joel Edgerton. The film had been hit with constant delays. In production, Jane Got a Gun’s original director, Lynne Ramsay, quit, various casting changes were made, and the loss of an original distributor, until The Weinstein Company acquired it in September of 2015.The film premiered at the Museum of Modern Art in New York on January 27, 2016. With an unknown production budget, Jane Got a Gun’s wide release date was January 29, 2016.[7] The film’s domestic gross is currently $1,513,793 and made $835,572 in its opening weekend with it’s widest release being shown in 1,210 theaters. The close date for the film was February 25, 2016.[8]

 

 

Future Projects

With a shift to television, The Weinstein Company will be releasing fewer films this year. As of now, The Weinstein Company has three films with set release dates; The Founder is being released August 5, 2016, Hands of Stone is set to be released August 26, 2016, and Lion is going to be released November 25, 2016.[10] Originally, The Weinstein Company had the release dates for The Founder and Lion switched. In previous years, The Weinstein company has seen much success when releasing it’s films around the Thanksgiving holiday, which may be the cause for the change in the McDonald’s origin story starring Michael Keaton being released in August rather than November. Lion, a more touching family story, has the advantage a very dominant cast, including Nicole Kidman, Dev Patel and Rooney Mara, who recently saw success with her second Oscar nomination for Carol, another Weinstein Company production.[9] With the changed date, this means publicity for The Founder is beginning in full swing.

[20]

The trailer for the film premiered on April 21, 2016 and a poster for the film was previously released.[13] By creating space between the two films, The Weinstein Company is offering opportunity for its films to be considered awards season bait as they are spread further apart. Further in the future, Rooney Mara will be working in another Weinstein production, portraying New Testament figure Mary Magdalene in a biopic.[12] Being eyed to play the role of Jesus Christ is Joaquin Phoenix. A deal is in the works with the actor for the Garth Davis film.[11] In terms of distribution, The Weinstein Company will be working with the production company See-Saw Films, with whom they worked with on the release of The King’s Speech, Macbeth, and this November’s Lion.[12] Helen Edmundson and Philippa Goslett write the film’s screenplay, and production is scheduled to begin this summer. The Weinstein Company is planning to release the film in 2017.[11]

Sources

[1] The Weinstein Company. (n.d.). Retrieved April 24, 2016

[2] Piccalo, G. (2016, January 14). Oscars 2016: Where was Harvey Weinstein’s nomination? Retrieved April 24, 2016,

[3] The Weinstein Company Inc.: Private Company Information. (n.d.). Retrieved April 24, 2016

[4] Thompson, A. (2016, March 8). The Weinstein Co. to Reconfigure RADiUS. Retrieved April 24, 2016,

[5] McClintock, P. (2016, March 10). Weinstein Co. Shake-Up: Distribution Chief Erik Lomis Exiting (Exclusive). Retrieved April 24, 2016

[6] Harvey Weinstein Jokes About Academy’s Diversity Problem. (2016, February 26). Retrieved April 24, 2016

[7] Chi, P. (2016, January 28). Natalie Portman on Making ‘Jane Got a Gun’: ‘There Was an Obstacle Every Hour, Every Day’. Retrieved April 24, 2016

[8] Jane Got a Gun (2016) – Box Office Mojo. (n.d.). Retrieved April 24, 2016

[9] D’Alessandro, A. (2016, March 01). Weinstein Co.’s ‘The Founder’ Moves To August; ‘Lion’ To Roar During Thanksgiving Week. Retrieved April 24, 2016

[10] Upcoming Movies by Studio / Distributor. (n.d.). Retrieved April 24, 2016

[11] Jaafar, A. (2016, April 22). Joaquin Phoenix Eyed To Play Jesus Christ In Mary Magdalene Pic. Retrieved April 24, 2016

[12] Siegel, T. (2016, February 9). Weinstein Co. in Talks to Acquire Mary Magdalene Biopic. Retrieved April 24, 2016

[13] Khatchatourian, M. (2016, April 21). Michael Keaton Builds McDonald’s Empire in ‘The Founder’ First Trailer. Retrieved April 24, 2016

[14] Weinstein Company Logo. The Weinstein Company. Retrieved April 24, 2016

[15] The King’s Speech PosterIMDB Media. Retrieved April 24, 2016

[16] The Hateful Eight PosterIMDB Media. Retrieved April 24, 2016

[17] Photo of Robert and Harvey Weinstein. The Hollywood Reporter. Retrieved April 24, 2016

[18] RADiUS TWC logo. Retrieved April 24, 2016

[19] Jane Got a Gun PosterIMDB Media. Retrieved April 24, 2016

[20] The Founder TrailerYoutube. Retrieved April 24, 2016

[21] Photo of David Glasser. Retrieved April 25, 2016

 

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