Word: harvey
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Dates: during 2000-2009
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...After bristling for years under the control-freak management of former Disney CEO Michael Eisner, they ended the bitter final chapter of their Miramax reign on an up note. "After we signed our final contracts, we took all the Disney lawyers to a three-hour, raucous, rollicking dinner," recalls Harvey...
...money at them. They amassed a $1.2 billion bankroll, including $500 million through a debt sale and the remainder via 32 investors ranging from fellow entrepreneurs like Internet billionaire Mark Cuban and carpet kingpin Julian Saul to hedge funds and financial firms, including Wellington Management and Fidelity Investments. Declares Harvey: "We now have the ability to buy a company for a billion dollars...
...evolving media environment, the Weinsteins are multiproduct, multichannel. "One of the most important things is the ability to do a lot of movies and slot them in various places," says Harvey. "Some will go directly to TV or video or the Net. Others will go to theaters. It's a brave new world." Plans call for 18 big-screen projects in 2007, with an equal or greater number going direct to video. "The emphasis on theatrical is to be pickier," he explains...
...mixed results. Hits included sequels Clerks II and Scary Movie 4, along with the computer-animated Hoodwinked! Another toon, Doogal, was a dog, as was Mrs. Henderson Presents. "We've been hitting singles and doubles, but when you get a lot of those, they turn into runs," says Harvey...
Over the past year, the brothers seem to have made more big deals than big movies. "Our meetings used to be about acquiring films. Now they're about acquiring companies," Bob recently told Harvey, only half-joking. They got 70% of publicly traded home-video label Genius Products in exchange for licensing the DVD rights to Weinstein movies--a "pretty radical" move, says Genius chairman Stephen Bannon. Genius distributes material from World Wrestling Entertainment, Discovery Kids and ESPN and in November signed an exclusive rental agreement with Blockbuster. Other affiliations include ownership of a small arts and entertainment channel with...