Rap mogul JAY-Z has expressed an interest in acquiring interest in The Weinstein Company (TWC) now that Harvey Weinstein is out. TMZ says that sources are telling them that JAY, along with several other investors want to buy into Weinstein’s 23% share of the company, Weinstein and his brother founded.
TWC is a mini-major film studio that Brothers, Bob and Harvey Weinstein formed after leaving Miramar Films in 2005. The brothers originally had formed Miramar in 1979. founded in New York City by Bob and Harvey Weinstein in 2005. The studio originated after the Weinsteins left Miramax Films, which they co-founded in 1979. TWC has produced and released such films as Quentin Tarantino’s ‘Inglorious Bastards’ and ‘Django Unchained’; Lee Daniels’ ‘The Butler’; and ‘Silver Linings Playbook’ starring Jennifer Lawrence and Bradley Cooper. TWC has a golden touch with awards. Almost every film it has had a hand in has been up for and/or won some kind of industry award, including Best Picture for 2010′ ‘The King’s Speech’.
JAY-Z is already familiar with The Weinstein Company, having signed an exclusive two-year movie and television production deal. He already is in production on a six-part docuseries based on alleged stories of mistreatment of minorities by law enforcement. And he recently finished production on the ‘The Kalief Browder Story’, which aired on FX as a six-part docuseries, and is slated to begin production on aTrayvon Martin miniseries.
JAY-Z, aka Shawn Carter, is no slouch when it comes to business. Not only did he invest his own money into RocNation and Rocawear clothing, he is also an owner of the Jersey Nets and Carol’s Daughter, which makes perfumes and lotions. He owns several 40/40 Club sports bars across the country and the Spotted Pig Restaurant in NY; in fact, he purchased the entire building where the Michelin Star restaurant serves. Then there are the brand recognitions with Coke, Budweiser Select, and Hewlett-Packard. Not to mention his design of the S Carter line with Reebok. Mr. Cater’s business acumen has proven that he is more than just a rap artist, but is an astute businessman. Earlier this year, he sold of his 33% share of Tidal, the music streaming company he helped found, along with his wife, Beyoncé, Madonna, and other artists to Sprint.
If this deal goes through, it could prove to be very profitable for all parties. TMZ’s sources say ‘JAY wants his relationship with the company to continue and grow, and since Harvey is out he’s looking at acquiring a substantial equity stake in the company’.
~Written by Rhonda
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