Katana VentraIP

Lantern Entertainment

Lantern Entertainment, LLC is an American independent film and television studio. It was formed by Lantern Capital Partners after it acquired the assets of The Weinstein Company (TWC) on July 16, 2018, after the latter company's bankruptcy filing (which was a result of co-founder Harvey Weinstein being convicted of sexual harassment, assault, and rape). Lantern is a separate company unaffiliated with the Weinsteins and purchased the entire assets of the former studio in a bankruptcy auction.[3]

Company type

July 16, 2018 (July 16, 2018)

  • Andy Mitchell
  • Milos Brajovic
,
United States

  • Andy Mitchell (co-president)
  • Milos Brajovic (co-president)

Lantern Capital Partners

50[1] (2018)

[2]

History[edit]

On July 16, 2018, the Dallas-based equity firm Lantern Capital Partners bought the assets of The Weinstein Company (TWC) for $289 million. Lantern Entertainment was formed and assumed the rights to TWC's 277-film library.[4][3][5] In November 2018, Lantern acquired full control of three Quentin Tarantino films (Inglourious Basterds, Django Unchained and The Hateful Eight), originally released by The Weinstein Company, for $5.5 million.[6]


In February 2019, Lantern was reported to be reaching a settlement with The Walt Disney Company, regarding several films that Lantern did not acquire (including Scream 4 and The Matador).


On March 13, 2019, Lantern and Gary Barber relaunched Spyglass Media Group, which will host the former TWC library. Italian film distributor Eagle Pictures, cinema chain Cineworld (which owned and operated Regal Cinemas) and later WarnerMedia/AT&T's Warner Bros. were brought in as minority holders.[7] Lantern made a majority investment including its film library to Spyglass.


In July 2019, Spyglass settled two major claims, including $11 million for Viacom regarding the TV series Scream (whose last season was delayed until July 2019, three years after the second season finale) and the film Sin City: A Dame to Kill For (which Lantern did not acquire). In March 2020, a federal judge ruled that Spyglass was not responsible for any of TWC's outgoing royalties, and it discontinued making movies and TV shows from now on and it was transferred into Spyglass Media Group and Lionsgate.

(with Lionsgate, Warner Bros. Pictures, Cineworld and Eagle Pictures)

Spyglass Media Group

Formerly

Radius-TWC (2012–18)

Label

2012

Tom Quinn
Jason Janego

2018

Dormant

The Weinstein Company (2012–2018)
Lantern Entertainment (2018)

lanternent.com