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Weinsteins Closing Deal With MGM?

Weinsteins Closing Deal With MGM?

The Weinstein Company is close to announcing a deal that will re-ignite MGM as a filmmaking brand, according to Business Week. The story reports that the pact will give the Weinsteins a studio backer for new productions and also re-start production and distribution efforts at MGM, which was sold to a consortium headed by Sony. It also says the partnership with focus on “producing and releasing smaller-budget, independent-style films.”

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From a first glance, what does this tell you? the Weinsteins are looking for a new sugar daddy to fund their risky stuff. I also think they even know they need a corporate parent to survive in today’s movie world.

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