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Harvey Weinstein Defends Netflix’s ‘Crouching Tiger, Hidden Dragon’ Deal

Harvey Weinstein Defends Netflix's 'Crouching Tiger, Hidden Dragon' Deal

At the Produced By: New York conference in New York on Saturday, Harvey Weinstein praised Netflix for its “vision” and defended The Weinstein Company’s deal to bring a sequel to “Crouching Tiger, Hidden Dragon” to IMAX theaters and Netflix.

READ MORE: “Crouching Tiger, Hidden Dragon” Sequel Challenges Theatrical Windows with Netflix/IMAX Release

“The reason why [Netflix is] winning is they have a vision,” Weinstein said. “Most executives love money, they don’t love movies … they love movies.”

Weinstein said he was surprised by the critical response to the deal. After it was announced, theaters owners balk at the idea of films being released day-and-date which they fear will cut into their theatrical business. “Honestly, we thought Imax had that in hand,” said Weinstein, who said that the pact allowed the Weinstein Co. to secure a $60 million budget.

“They gave us a big canvas to paint on,” said Weinstein.

Weinstein also suggested that there be separate credits for creative producers and financial producers. “Whenever somebody’s bringing up the mistakes that the producer made, it’s amazing that they don’t bring up the director’s mistakes,” said Weinstein who added that, “there should be a CPGA for creative producer, so that you’re taken a little more seriously.”

The delicate director-producer relationship was not the only thing the outspoken producer covered. He opened up about the fight for credits among “Shakespeare in Love” producers, in which five were ultimately awarded the Academy Award. One audience member called out that there were, in fact, seven producers who worked on the film, and Weinstein shut down the exchange by simply saying: “Five – I was there!”

READ MORE: Harvey Weinstein Explains How ‘Snowpiercer’ Became a Gamechanger, We Crunch Theater vs. VOD Numbers

According to Weinstein, two of the said producers were never “on the set, they were never in the editing room, and they were never involved in any post-production.” While he acknowledged their contribution, Weinstein joked that his tardy revelation was due to pressure. “I didn’t say anything because the team said, ‘don’t say anything, it’s the Oscars…Wait twenty years. ‘”

Summarizing his advice for the attendees, Weinstein reiterated the importance of technology in film and finding “great writers” for projects.

Will the Miramax owner bow out of the business any time soon? Hardly. “I would like to run a small Caribbean nation– I’ll deal with the guy who called me ‘Harvey Scissorhands,'” he quipped.

READ MORE: Jake Gyllenhaal on Why He Wanted to Produce and May Someday Direct

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