Lantern Entertainment Explained

Lantern Entertainment, LLC
Type:Private
Hq Location City:Dallas, Texas
Hq Location Country:United States
Products:Motion pictures
Num Employees:50[1]
Divisions:[2]
Num Employees Year:2018
Owner:Lantern Capital Partners

Lantern Entertainment, LLC is an American independent film and television studio formed by Lantern Capital Partners on July 16, 2018.

The studio was formed from the acquired assets of The Weinstein Company (TWC) in a bankruptcy auction. TWC filed for bankruptcy as a result of co-founder Harvey Weinstein being convicted of sexual harassment, assault, and rape). Lantern Entertainment is a separate company unaffiliated with the Weinsteins.[3]

History

On July 16, 2018, the Dallas-based equity firm Lantern Capital Partners bought the assets of The Weinstein Company (TWC) for $289 million. Lantern Entertainment was formed and assumed the rights to TWC's 277-film library.[4] [3] [5] In November 2018, Lantern acquired full control of three Quentin Tarantino films (Inglourious Basterds, Django Unchained and The Hateful Eight), originally released by The Weinstein Company, for $5.5 million.[6]

In February 2019, Lantern was reported to be reaching a settlement with The Walt Disney Company, regarding several films that Lantern did not acquire (including Scream 4 and The Matador).

On March 13, 2019, Lantern and Gary Barber relaunched Spyglass Media Group, which will host the former TWC library. Italian film distributor Eagle Pictures, cinema chain Cineworld (which owned and operated Regal Cinemas) and later WarnerMedia/AT&T's Warner Bros. were brought in as minority holders.[7] Lantern made a majority investment including its film library to Spyglass.

In July 2019, Spyglass settled two major claims, including $11 million for Viacom regarding the TV series Scream (whose last season was delayed until July 2019, three years after the second season finale) and the film (which Lantern did not acquire). In March 2020, a federal judge ruled that Spyglass was not responsible for any of TWC's outgoing royalties, and it discontinued making movies and TV shows from now on and it was transferred into Spyglass Media Group and Lionsgate.

Assets

Current

Motion pictures

Television

Content libraries

Former

Radius

Radius
Former Names:Radius-TWC
Type:Label
Founder:Tom Quinn
Jason Janego
Fate:Dormant
Foundation:2012
Defunct:2018
Successors:Library: Lionsgate (excluding , owned by Metro-Goldwyn-Mayer)
Owner:The Weinstein Company (2012–2018)
Lantern Entertainment (2018)
Industry:Film
Products:Motion Pictures

Radius (stylized as RADiUS; formerly Radius-TWC) is a dormant film label by Lantern Entertainment, formerly to TWC's division, for distribution of multi-platform video-on-demand and theatrical productions. It was launched in 2012 by Tom Quinn and Jason Janego, and specialized in niche and independent films rather than those aimed at mainstream audiences.[12] [13]

, Radius had released about 35 films,[14] including Bachelorette, Butter, 20 Feet from Stardom, Only God Forgives,[15] Lovelace, All the Boys Love Mandy Lane, Man of Tai Chi, Fed Up, Snowpiercer,[16] Citizenfour, Horns, The Last Five Years, and It Follows.[17]

In August 2015, both Quinn and Janego left the company,[18] with Quinn later founding NEON with Tim League in 2017. NEON is set to produce a sequel to It Follows, a film originally distributed by Radius. Filming would begin in 2024.[19]

Filmography

Film

FilmRelease dateNotes
The UpsideJanuary 11, 2019Co-distribution with STX Entertainment
PolaroidOctober 11, 2019International co-distribution with 13 Films; distributed in the US by Vertical Entertainment
The Current WarOctober 25, 2019International co-distribution with 13 Films;[20] distributed in the US by 101 Studios
The Boys in the BoatDecember 25, 2023Production company only[21] [22] [23]

Television

ShowNetworkYears
Project RunwayBravo
Lifetime		2018–present
ScreamVH12019

Notes and References

  1. News: Kilday . Gregg . Weinstein Co. Saga Comes to an End as $289 Million Sale to Lantern Closes . July 28, 2018 . The Hollywood Reporter . July 16, 2018 . en . https://web.archive.org/web/20180718022555/https://www.hollywoodreporter.com/news/weinstein-lantern-sale-closes-ending-chapter-movie-company-1126833 . July 18, 2018 . live . mdy-all .
  2. News: Lang . Brent . Gary Barber Teams With Lantern Entertainment to Launch Spyglass Media Group . March 13, 2019 . Variety . March 13, 2019 . en.
  3. News: Lantern Entertainment Closes $289 Million Acquisition of The Weinstein Co.'s Assets. Chmielewski. Dawn C.. 2018-07-16. Deadline. 2018-10-20. en-US. https://web.archive.org/web/20180724101524/https://deadline.com/2018/07/lantern-entertainment-closes-289-million-acquisition-weinstein-co-s-assets-1202427141/. July 24, 2018. live. mdy-all.
  4. News: The Weinstein Company Is No More: Buyer Lantern Capital Partners Rebrands as Lantern Entertainment. Marotta. Jenna. 2018-07-16. IndieWire. 2018-07-17. en-US. https://web.archive.org/web/20180718130756/https://www.indiewire.com/2018/07/the-weinstein-company-bankruptcy-sale-lantern-entertainment-1201983272/. July 18, 2018. live. mdy-all.
  5. News: Lantern Finally Owns The Weinstein Company's Remains - Now What?. 2018-07-23. TheWrap. 2018-10-20. en-US. https://web.archive.org/web/20180819184843/https://www.thewrap.com/weinstein-co-lantern-entertainment/. August 19, 2018. live. mdy-all.
  6. Web site: Lantern Entertainment Pays $5.5 Million to Take Three Quentin Tarantino Films. Maddaus. Gene. November 13, 2018. Variety. May 21, 2019.
  7. Web site: Lantern Entertainment and Gary Barber Launch Spyglass Media Group, A New Home for Former Weinstein Co. Assets . March 13, 2019 .
  8. Web site: Group . Spyglass Media . SPYGLASS MEDIA GROUP LAUNCHES IN PARTNERSHIP WITH LANTERN ENTERTAINMENT AND GARY BARBER Eagle Pictures and Cineworld Group Invest As Strategic Partners . 2024-06-18 . . en.
  9. Web site: Williams . Trey . 2019-03-13 . Lantern Entertainment Partners With Gary Barber to Launch Spyglass Media Group . 2024-06-18 . TheWrap . en-US.
  10. Web site: Chmielewski . Dawn C. . 2018-07-16 . Lantern Entertainment Closes $289 Million Acquisition of The Weinstein Co.'s Assets . 2024-06-18 . Deadline . en-US.
  11. Web site: Kilday . Gregg . 2018-07-16 . Weinstein Co. Saga Comes to an End as $289 Million Sale to Lantern Closes . 2024-06-18 . The Hollywood Reporter . en-US.
  12. News: Tom Quinn and Jason Janego Exit Radius-TWC (EXCLUSIVE) . https://web.archive.org/web/20180126012508/https://variety.com/2015/film/news/radius-twc-tom-quinn-jason-janego-resign-1201557472/ . January 26, 2018 . live . Variety . Ramin Setoodeh . Brent Lang . August 5, 2015 .
  13. Book: Anne Zeiser. Transmedia Marketing: From Film and TV to Games and Digital Media. 19 June 2015. CRC Press. 978-1-134-74622-4. 333–. November 1, 2016. https://web.archive.org/web/20170225212141/https://books.google.com/books?id=so_wCQAAQBAJ&pg=PA333. February 25, 2017. live. mdy-all.
  14. News: 'It Follows' Expands as Radius-TWC Bets on Box Office Over VOD . https://web.archive.org/web/20161223101131/http://www.thewrap.com/it-follows-expands-as-radius-twc-bets-on-box-office-over-vod/ . December 23, 2016 . live . The Wrap . Todd Cunningham . March 19, 2015 .
  15. Book: Jared Latore. Clint Worthington. Alcohollywood - Our Year in Movies. January 2014. Lulu.com. 978-1-304-73128-9. 87–. November 1, 2016. https://web.archive.org/web/20170225205543/https://books.google.com/books?id=grk1BgAAQBAJ&pg=PA87. February 25, 2017. live. mdy-all.
  16. News: 'The Overnight' Crosses $1 Million in Digital, On-Demand Revenue (EXCLUSIVE) . https://web.archive.org/web/20180126012457/https://variety.com/2015/film/news/the-overnight-crosses-1-million-in-digital-on-demand-revenue-exclusive-1201609664/ . January 26, 2018 . live . Variety . October 4, 2015 . Brent Lang .
  17. News: 'It Follows' on Track to Be Radius-TWC's Highest-Grossing Release . Variety . March 29, 2015 . Brent Lang .
  18. Web site: Lang . Ramin Setoodeh,Brent . Setoodeh . Ramin . Lang . Brent . 2015-08-05 . Tom Quinn and Jason Janego Exit Radius-TWC (EXCLUSIVE) . 2023-11-22 . Variety . en-US.
  19. Web site: D'Alessandro . Anthony . 2023-10-30 . 'It Follows' Sequel 'They Follow' With Maika Monroe Launches At AFM Via Neon . 2023-10-30 . Deadline . en-US.
  20. News: Vlessing. Etan. October 8, 2018. Benedict Cumberbatch's 'The Current War' to Get International Release. The Hollywood Reporter. October 20, 2018. https://web.archive.org/web/20181009072343/https://www.hollywoodreporter.com/news/benedict-cumberbatchs-current-war-get-international-release-1150266. October 9, 2018. live. mdy-all.
  21. Web site: George Clooney directs the inspirational film The Boys in the Boat . 2023-11-22 . 97.3 Coast FM . en.
  22. Web site: Mills . Heidi . 2023-10-24 . The Book that Saved a Building . 2023-11-22 . Seattle magazine . en-US.
  23. Web site: Reynolds . Maca . 2023-10-04 . The Boys in the Boat Trailer Reveals George Clooney's Inspirational New Movie . 2023-11-22 . MovieWeb . en.

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