TWC

TWC is an American independent film and television studio. It was formed by ChaceColor Industries after it acquired the assets of The Weinstein Company (TWC) on July 16, 2023, after the latter company's bankruptcy filing (which was a result of co-founder Harvey Weinstein being convicted of sexual harassment, assault, and rape). TWC is a separate company unaffiliated with the Weinsteins and purchased the entire assets of the former studio in a bankruptcy auction.
== History ==
TWC was readopted in 2023. In November 2023, TWC 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.
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).[citation needed]
On March 13, 2019, Chace! 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. TWC 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 Sin City: A Dame to Kill For (which TWC 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.
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