Weinstein Co Lays Off 20+ Staffers Ahead Of Sale To Lantern

The sale is now expected to close Friday giving Dallas-based Lantern the company at a final price of $289 million.
At that time, Lantern said it was going through the process of evaluating all facets of the business, including remaining staff.” />
We're told the departing staffers will be paid through Friday.
According to sources who confirmed the layoffs, they came in the PR, marketing and distribution divisions and represent about a third of the remaining staff at the company, which was rocked into bankruptcy last fall following a series of exposes against Weinstein alleging decades of sexual assault and harassment. The rest of the staff will be offered jobs in Lantern's new entity.
The almost-new owners have already begun to make moves as part of the transition, announcing Tuesday that industry veterans Steve Beeks, Lauren Zalaznick and Alexa Platt have joined as strategic advisors. No word yet who will be running the new company, though Lantern toppers Andy Mitchell and Milos Brajovic told TWC staffers in a June town hall that they plan to run the newly formed studio on an interim basis until they hire a CEO, according to sources.
Bankruptcy judge ruled on a final sale price for Lantern Capital to acquire Harvey Weinstein's former film and TV company. More than 20 staffers at The Weinstein Company were laid off Wednesday, the same day a U.S.