Word: weinstein
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Dates: during 2000-2009
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...Where Harvey Weinstein goes, Hollywood follows. And Harvey Weinstein is jetting off to Asia...
...last old fashioned film moguls, having built indie studio Miramax from the ground up, Weinstein and his quieter brother Bob are known in the biz for their flash and their foresight. They make bold choices - such as producing Quentin Tarantino's edgy Pulp Fiction in 1994 and bringing Hong Kong visionary Wong Kar-Wai to American screens in 1996 - that are considered brilliant and inspire packs of copycats...
...earlier this month, when Harvey announced that his new venture, The Weinstein Company (TWC), will oversee a $285 million dollar fund toward the production and distribution of 31 "Asian films," the industry was in a muddle over whether this was a lavish pronouncement or just plain smart business sense. The move is expected to help the company cut costs, and it may also allow the Weinsteins to stake a claim on the growing market of Asian film viewers...
...Harvey Weinstein describes the Asia gambit as having sprung up not from money troubles, but from a penchant for Asian cinema spurred by a close relationship with chopsocky fan Quentin Tarantino. Name an Asian hit in the West and the Weinsteins are probably in some way responsible. Iron Monkey, Farewell My Concubine, Princess Mononoke, and half of the eight highest grossing American showings of Asian pics, including Hero and the original Shall We Dance?, were all released under Harvey's guidance...
...Weinstein team sees fit, the $285 million fund will be distributed among development, production, and acquisition of films made in Asia, by Asian filmmakers, or about Asian subjects. They estimate that they'll produce 21 theatrical releases and another 10 straight-to-DVD films over six years. If local distributors pick up the films, the Weinstein Company will reap some of those profits, which they'll use to pay back investors. TWC will have first pick of what Asian pictures they'll distribute back in the U.S., and they'll buy those films with the fund...