Weinstein Co Cuts 20 Jobs Ahead of $289 Million Lantern Deal

The Weinstein Co. on Wednesday let go of the remainder of its employees, as it prepares to close a $289 million sale out of bankruptcy to Lantern Capital.

A person familiar with the situation told TheWrap that the company terminated the remaining 70 or so employees who were still at TWC. But Lantern Capital, which is buying the studio out of bankruptcy, has offered contracts to roughly two-thirds of TWC’s former employees, amounting to roughly 20 TWC workers who have been laid off.

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