LYCOS RETRIEVER
Harvey Weinstein: Company
built 265 days ago
Weinstein emerged from his harrorowing experience 15 pounds lighter, but otherwise healthy. Although the criminals were brought to justice, he lamented the fact that two of his abductors were Lord West employees. Weinstein sold his share of Lord West to several partners and retired in 1999. The company is now known as Flow Formal Alliance LLC.
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If the Weinstein Company were to convert its stake in the LLC for common stock in the publicly traded entity, it would instantly have a market value of closer to $350 million, and the Weinsteins' would own $250 million of that. By paying a higher royalty to Genius for distribution, the Weinstein Company would theoretically fuel the public company's earnings and stock price from which the Weinsteins -- as largest shareholder -- would most benefit. Indeed, in May, the stock was nearly double where it stands today, meaning that on paper that imputed value of the Weinstein stake was worth close to $500 million.
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In recent months, rights to films originally produced by Miramax (under the leadership of the Weinsteins), as well as some films either distributed by or had rights reverted to Miramax now lie with the Weinstein Company. For example, Genius Products/Weinstein Company Home Entertainment has reissued both released versions of Cinema Paradiso, originally distributed theatrically and on home video by Miramax.
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