Weinstein Co. is also going to trim its film ambitions. The company had been releasing up to 20 movies a year, but will now keep it under ten. And of those, at least half will be from Dimension Films, a label of horror and occasional family movies that is overseen by Bob Weinstein.
Although there have been rampant rumors that the company's financial woes are severe, a spokesman said "there is no danger of having to file for bankruptcy."
The company also said it will be able to release several movies that have been in limbo as of late including "All Good Things" and "Youth in Revolt." As for its likely Oscar contender "The Road," that release probably will be shifted to December from October. "Nine" is still scheduled for November.
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