Spyglass and Lantern Entertainment are teaming up to form Spyglass Media Group, an indie co-finance and production entity that will develop new film and TV projects alongside utilising all of the Weinstein Company’s media assets and IP which they own.
This includes more than 250 film library titles, as well as scripted and unscripted TV series, from the Weinstein vault that Lantern acquired for $289 million following TWC’s bankruptcy. Eagle Pictures and Cineworld Group are said to be investing in the new Spyglass.
Former MGM CEO Gary Barber will serve as CEO, more execs will be hired shortly and company expects to start releasing its first theatrical titles in 2020. Projects will be developed not just for cinemas but also cable channels and streaming services.
Source: The Los Angeles Times