Female Investors Express Interest in Weinstein Company
- 6 years ago
Female Investors Express Interest in Weinstein Company
Mr. Oliveira’s organization is affiliated with an acquisition effort being led by Killer Content, a New York company behind art-house films like “Carol” and television mini-series including “Mildred Pierce.” Killer has lined up an investor group
that includes Abigail Disney, a documentary filmmaker and philanthropist who is Walt Disney’s grandniece, and the futuristic transportation entrepreneur Brogan BamBrogan.
Throwing a lifeline to an entertainment company that has become a symbol of the systemic mistreatment of women in Hollywood would seem like the last thing
that feminists like Gloria Allred and Ana Oliveira, chief executive of the New York Women’s Foundation, would be interested in doing.
“Can the Weinstein Company see the opportunity to go through a social redemption process?”
Neither group is close to making a deal, however, and some longtime media investors
and advisers question whether the efforts are more about making a statement than realistically moving the company past its current mess.
In talks with Weinstein Company’s sale advisers, the Killer group has proposed a radical notion: It wants to buy parts of the studio — in particular, several finished films and television projects
that are in development — and give profits to organizations focused on ending harassment, sexual abuse and discrimination.
A copy of the letter was sent to by Ms. Allred, who said she had consulted with Ms. Contreras-Sweet about an unusual component
— establishing a fund for the women accusing Mr. Weinstein of abuse and a mediation process for reaching settlements.
In the letter, Ms. Contreras said that she would rename the company and remove Bob Weinstein as chairman as part of a plan to keep it running.
Mr. Oliveira’s organization is affiliated with an acquisition effort being led by Killer Content, a New York company behind art-house films like “Carol” and television mini-series including “Mildred Pierce.” Killer has lined up an investor group
that includes Abigail Disney, a documentary filmmaker and philanthropist who is Walt Disney’s grandniece, and the futuristic transportation entrepreneur Brogan BamBrogan.
Throwing a lifeline to an entertainment company that has become a symbol of the systemic mistreatment of women in Hollywood would seem like the last thing
that feminists like Gloria Allred and Ana Oliveira, chief executive of the New York Women’s Foundation, would be interested in doing.
“Can the Weinstein Company see the opportunity to go through a social redemption process?”
Neither group is close to making a deal, however, and some longtime media investors
and advisers question whether the efforts are more about making a statement than realistically moving the company past its current mess.
In talks with Weinstein Company’s sale advisers, the Killer group has proposed a radical notion: It wants to buy parts of the studio — in particular, several finished films and television projects
that are in development — and give profits to organizations focused on ending harassment, sexual abuse and discrimination.
A copy of the letter was sent to by Ms. Allred, who said she had consulted with Ms. Contreras-Sweet about an unusual component
— establishing a fund for the women accusing Mr. Weinstein of abuse and a mediation process for reaching settlements.
In the letter, Ms. Contreras said that she would rename the company and remove Bob Weinstein as chairman as part of a plan to keep it running.