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V: TWC deal for [HTLMB] calls for release within 12 months from April 30th. Producers want it out of Bankruptcy Sale.
http://variety.com/2018/film/news/hotel-mumbai-weinstein-bankruptcy-1202741635/
the producers say that in return for licensing “Hotel Mumbai,” the Weinstein Company agreed to spend $10 million to promote and advertise it, and committed to releasing the movie in theaters 12 months after they received a finished film. “Hotel Mumbai” will be completed on April 30, and was originally eyeing a release in September or October.
The producers claim that they have received no assurances that any company that buys the Weinstein Company will be able to meet those requirements. Dallas-based investment firm Lantern Capital has entered into a “stalking horse” agreement to buy all of the studio’s assets. In bankruptcy, the stalking horse bidder submits an initial bid, so the distressed company can ensure that their assets aren’t the subject of an artificially low sales price. The “Hotel Mumbai” producers say they have received no assurances that Lantern Capital, which has no direct experience releasing films, can meet the deal terms.
Tag(s): HTLMB