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Weinstein Co. Drops Sale Price

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Weinstein Co. Drops Sale Price

Weinstein Co. Drops Sale Price

The Weinstein Co.

And Lantern Capital, which agreed to buy the studio out of bankruptcy, have agreed to cut the sale price to $287 million from $310 million, a person familiar with the proceedings told TheWrap.

The price cut was announced in Delaware bankruptcy court on Friday as a means to accelerate Lantern closing the deal.

The two sides were haggling over the value of the unreleased projects and the Weinstein Co.’s library of films.

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Weinstein Co. Drops Sale Price

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