Bob and Harvey Weinstein have announced the formation of a new venture to handle all of their home video/DVD distribution. The Weinsteins are partnering with Genius Products, Inc. to create a new LLC that they will own 70% of (Genius will own 30%). Included under the new venture will indie/foreign film distributor Wellspring, which is owned by Genius. And part of the deal are IFC Films titles (as part of the Weinstein's previously announced deal with Rainbow). Other labels handled by Genius include NBC News, TV Guide, Sundance Channel Home Entertainment and Baby Genius. A complete story will be published later in indieWIRE. [Eugene Hernandez]