Meryl Streep, George Clooney, Leonardo DiCaprio File Objections In Weinstein Co. Bankruptcy

Not sure exactly what this means.  I mean, I understand what this literally means, but not sure of the implications as it seems to put George in opposition of the victims who want the company to be bankrupted, don't they?

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[size=39]Meryl Streep, George Clooney, Leonardo DiCaprio File Objections In Weinstein Co. Bankruptcy[/size]
by Dawn C. Chmielewski

April 30, 2018 2:56pm

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A Who’s Who list of Hollywood celebrities have filed objections to the Weinstein Co. sale, saying they’re owed money by the bankrupt studio — though the murky accounting makes it difficult to know exactly how much without conducting an audit.

Meryl Streep, George Clooney, Jennifer Lawrence, Leonardo DiCaprio, Bill Murray and Quentin Tarantino were among those filing documents raising concerns about outstanding payments ahead of the court-supervised auction of the studio.
Tarantino has had a long collaboration with The Weinstein Co. and its disgraced co-founder, Harvey Weinstein. He made four films for the studio — Grindhouse/Death Proof, Inglourious Basterds, Django Unchained and The Hateful Eight. 


The writer-director estimates he’s still owed nearly $4.6 million for these films: $300,000 for Grindhouse, $575,000 for Inglourious Basterds, some $1.3 million for Django and $2.5 million for The Hateful Eight. 

Tarantino is asking the court to forestall the sale until The Weinstein Co. lives up to its contractual obligations and provides assurances of future payments.

The Weinstein Co. says it owes Lawrence $102,623 for her work on Silver Linings Playbook, though the actress says she can’t be sure if the amount is accurate because the studio only provided financial details through the end of December.

Streep found her name among the more than 2,000 pages of lists containing some 10,250 contracts — sometimes, misspelled as “Street.” She said she has been unable to get an accurate accounting of outstanding payments in connection with her work on the motion pictures August: Osage County and The Giver — though the Weinstein Co. claims it owes $168,611.

“Unless and until Ms. Streep is given such an opportunity and/or conducts a proper audit, the Debtors should not be permitted to unilaterally select cure amounts while withholding the information necessary for Ms. Streep to verify or contest those amounts,” Streep wrote in her filing.

The Weinstein Co. said it may owe Clooney $250,000 for August: Osage County, though the producer on the film said this amount does not take into account back-end participation.

Both Lawrence and Streep criticized co-founder Harvey Weinstein for taking their statements out of context as he sought to defend himself against sexual misconduct lawsuits.

Streep described as “pathetic” Weinstein’s use of her statement that he was not sexually transgressive or abusive as evidence that he had not abused other women. Lawrence echoed that sentiment, adding that she supports the women who have come forward seeking justice.

A group of film production companies — Studiocanal (Paddington I), Gaumont (Ballerina aka Leap!), Wild Bunch (The Artist), Delta Last Legion (Hannibal Rising),and Orange Studio (The Artist, Paradise Lost) — raised concerns about The Weinstein Co.’s lax bookkeeping. The studios claims that on some films, there has been no accounting for a year. On others, the records are up to seven years delinquent.

The Wild Bunch said an audit conducted for the reporting period ending in December of 2014 revealed a $293,00 payment shortfall for the Academy Award winning film, The Artist. Studiocanal believes it’s owed a share of profits on Paddington I, ditto for Gaumont on The Intouchables and Ballerina. They’re looking for the court’s assurance that a proper audit will occur and they’ll get paid.

Deadline previously reported that the list of the thousands of people owed money by the studio reads like a red carpet gala in Hollywood, including Tarantino, Kevin Smith, Dame Judi Dench, David Bowie, Michael Bay, Malia Obama, Boris Becker, Ryan Coogler, Daniel Radcliffe, Robert De Niro and Darlene Love.

From what I get, Harwey wants do declare bankruptcy so not to give money to these people (I mean, this is one of the reason) and that's why they are against it. The want their money first and then he can declare it.

The Weinstein Company is saying it has no money to pay its debts, and wants to either not pay or settle for pennies on the dollar. But they have no or inadequate financial records to support this. The objections are to force payment and documentation before they're allowed to declare bankruptcy.

It wouldn't surprise me to find out that TWC has been playing fast and loose with its money and records for years. Show me a liar, I'll show you a thief.

Thank you, I don't understand anything of this thing.

Way2Old4Dis wrote:The Weinstein Company is saying it has no money to pay its debts, and wants to either not pay or settle for pennies on the dollar. But they have no or inadequate financial records to support this. The objections are to force payment and documentation before they're allowed to declare bankruptcy.

It wouldn't surprise me to find out that TWC has been playing fast and loose with its money and records for years. Show me a liar, I'll show you a thief.

As with our government, these things start at the top of the company....