Peter Lauria's New York Post analysis of the Weinstein Co.'s financial situation, which has lately been pummelled by negative rumors, states the following: (a) "The studio's debt-to-equity ratio is running at an even 1-to-1, according to a source who has seen its finances, which compares to Lionsgate's debt-to-equity ratio of 0.14-to-1; (b) "A second source who has seen The Weinstein Co.'s finances said the studio has 'several hundred million dollars of liquidity' available and that its debt-to-equity ratio is by no means problematic because 'as losses turn to profits, it will go completely in the opposite direction'; and (c) a statement from Bob Weinstein that 'debt is good, you use debt to acquire...If I wanted to access a billion dollars more debt from Goldman tomorrow and I had something worth buying or taking over, we're now in a game where we can do that...we never were able to do that at Disney."
But the best quote belongs to Harvey: Fuck everybody. We are back to being No. 1 in profitability and gross."
Posted by Jeffrey Wells on September 15, 2007 at 6:21 AM
comment #1
Undercover Brother
says ...
Wow. I just went and looked at the Weinsteins website and saw their existing catalog of films. What a stack of garbage. Dud horror flicks, failed art films, cruddy cartoon movies and the occasional mainstream nonstarter. Looks like "1408" is the first respectable hit they've ever had.
Posted by Undercover Brother
at September 15, 2007 10:42 AM