The Weinstein Company LLC (usually credited or abbreviated as TWC) soon-to-be renamed Lantern Entertainment is a mini-major film studio, founded in New York City by Bob and Harvey Weinstein in 2005. TWC was one of the largest mini-major film studios in North America prior to its financial troubles and eventual bankruptcy. Bob Weinstein previously owned a small stake in the company.
The company dismissed Harvey Weinstein in October 2017, after dozens of women came forward to accuse him of sexual harassment, assault or rape.
On February 26, 2018, The Weinstein Company announced in a statement that it will declare bankruptcy following the collapse of a buyout deal with an investor group led by Maria Contreras-Sweet, the former head of the Small Business Administration under President Barack Obama. However, in a surprising turn, the TWC board and the investor group confirmed on March 1, 2018, that they had reached a deal in which TWC will sell all of its assets for $500 million. On March 6, 2018, the acquisition deal collapsed again after the studio had an extra debt of $50 million revealed. The company filed for Chapter 11 bankruptcy on March 19, 2018. On May 1, 2018, Lantern Capital emerged as the winner of the studio's bankruptcy auction.