Weinstein Company faces bankruptcy
The Weinstein Company is trying to sell #Paddington2 before its bankruptcy filing (EXCLUSIVE) https://t.co/XZ1p9ooyJh pic.twitter.com/x8kZyNj0rn
- Variety (@Variety) November 13, 2017
-trying to find a distributor in the US for Paddington 2
-has been negotiating possible $20 million to $35 million bridge loan that would enable the company to meet its payroll obligations but this looks unlikely
-insiders say the Weinstein Co. is saddled with as much as $500 million in debt and obligations
-have defaulted on a $45million loan because of Harvey's scandals as this constitutes as a breach of contract
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