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Weinsteins nab $275 mil for Asian pix.(The Weinstein Co.)(Brief article)
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Daily Variety
- Article date:
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April 27, 2007
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Copyright informationCOPYRIGHT 2007 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Weinstein Co. is planning to launch an Asian film fund with starting capital of $275 million.
Company has appointed Goldman Sachs as financial adviser and will manage the fund itself. TWC is now in a "quiet period" while coin is gathered from investors and financiers.
Fund, which TWC has planned from its earliest days as an independent company, is expected to invest in Asian-made or -themed movies.
It is understood that over its six-year lifespan, the fund will bankroll some 30 movies, including Cannes opening film "My Blueberry Nights" by Wong Kar Wai, and two pies in development, a live-action version of "Mulan" ...
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