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Weinstein Co. Gets $500M 'Security'

27 Jan, 2006 By: Erik Gruenwedel

The Weinstein Co. (TWC), the multi-media company formed by Miramax Films Corp. co-founders Bob and Harvey Weinstein, has completed a $500 film securitization facility.

The amount brings to date about $1.2 billion in total funding (including $490 million in equity and $200 million in commercial arrangements) TWC will use to finance film projects.

TWC and San Diego-based Genius Products, who formed a domestic home video distribution company for all feature films and direct-to-video releases owned or controlled by the Weinsteins, last week set a March 21 release date for their first DVD release, Derailed, starring Clive Owen and Jennifer Aniston.

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