Culture
14:14, 08-Jul-2018
Deal for Weinstein Co. covers back pay for De Niro, Streep
Updated
13:35, 11-Jul-2018
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An agreement reached in the sale of Harvey Weinstein’s movie studio won't leave Hollywood stars like Robert De Niro and Meryl Streep holding the bag.
Lantern Capital Partners said Friday it's agreed to make payments to unsecured creditors, such as actors seeking residuals, as part of a 289 million US dollars Weinstein Co. acquisition it expects to close Friday.
A hearing is scheduled on Wednesday, July 11 in Delaware. The judge must approve the deal.
De Niro and Bradley Cooper say they're each owed 940,706 dollars for "Silver Linings Playbook." Streep says she's owed 168,611 dollars for "August: Osage County."
The Weinstein Co. filed for bankruptcy protection in March amid fallout from sexual assault allegations against Weinstein.
The movie mogul is due in court Monday, July 9, for arraignment on charges alleging a sex crime against a third woman.
(Cover image from AP)
Source(s): AP