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Employee Retention of Weinstein Company -
April 25th, 2011
The Weinstein Company (TWC) is an independent American film studio founded by Bob and Harvey Weinstein in 2005 after the brothers left the then-Disney-owned Miramax Films, which they had co-founded in 1979. They retained ownership of the Dimension Films label of Miramax.
Their first releases in 2005 included the dramatic thriller Derailed (starring Jennifer Aniston and Clive Owen), the offbeat comedy-drama Transamerica (starring Felicity Huffman) the computer-animated family film Hoodwinked, the World War II-era comedy-drama Mrs. Henderson Presents (starring Judi Dench and Bob Hoskins) and the caper comedy The Matador (starring Pierce Brosnan and Greg Kinnear).
In February 2006, TWC announced a distribution pact with Metro-Goldwyn-Mayer. MGM distributed the product domestically in theaters, while TWC will retain long-term ownership of their product.
In July 2006, the Weinsteins and Robert L. Johnson announced the creation of a joint venture studio titled Our Stories Films, which will distribute African-American-oriented films. In late August 2006, it was announced that TWC and co-investors Hubbard Media Group purchased Ovation TV, an arts-focused cable channel.
In November 2006, TWC announced a three-year deal with Blockbuster Video to give the video renting company exclusive rights for rentals starting on January 1, 2007. However, under the First Sale Doctrine of United States copyright law, other rental companies are able to rent copies of the company's movies purchased at retail.
Harvey and Bob maxed out? Never! The founders of Miramax, Harvey and Bob Weinstein, left that company in 2005 when they ended their 11-year relationship with Disney Studios. Immediately after exiting Disney, giving up the name Miramax as well as its valuable film library, the brothers started The Weinstein Company and began working on the production and acquisition of projects under the new moniker. Weinstein Co. has a library of more than 100 titles, including The King's Speech and Vicky Cristina Barcelona. It also owns TV show Project Runway (airing on Lifetime) and the Dimension genre film label. The brothers own the firm; investors include Goldman Sachs, French TV company TF1, and ad firm WPP Group.
The Weinstein Company was created in March of 2005 by Bob and Harvey Weinstein, the brothers who founded Miramax Films Corp. in 1979. They will remain co-chairs of Miramax on a non-exclusive basis through September 30, 2005. The Weinstein Company is a multi-media company in its formative stage and will officially launch in October, 2005. Dimension Films, the genre label that began with Miramax, will also be included under The Weinstein Company banner. The Weinsteins are actively working on the production, development and acquisition of projects for The Weinstein Company. While at Miramax, the Weinsteins released some of the most critically acclaimed and commercially successful independent feature films of the past decade. They recieved 249 Academy Award nominations and a record 16 Best Picture nominations over the past ten consecutive years. Some of these films include: The Aviator, Finding Neverland, Chicago, Gangs of New York, In the Bedroom, Chocolat, The Cider House Rules, Shakespeare In Love, Life Is Beautiful (La Vita É Bella), Good Will Hunting, The English Patient, Il Postino (The Postman), Pulp Fiction, The Piano and The Crying Game.
Since the separation agreement, the Weinsteins have acquired the following titles to be released by The Weinstein Company: "Decameron," "Last Legion," "Young Hannibal," "Hoodwinked! The True Story of Red Riding Hood," "Transamerica," "Nomad," "Outlander," "Stormbreaker," "Lucky Number Slevin," and "The Promise." Other titles to be released by The Weinstein Company include "Derailed," "Wolf Creek." "Mrs. Henderson Presents," "Kill Bill:NC 17," "Breaking and Entering," Scary Movie 4," "Matador," "Sin City 2," "Pulse," "Passion of The Clerks," "Come Closer," "Unknown," the fourth movie in the Teenage Mutant Ninja Turtles Series, "School for Scoundrels," and "Grind House."
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Mr. Weinstein was born in Chicago, Illinois, and is a Graduate of University of Illinois at Champaign-Urbana (1982) with a B.S. in Accounting, of University of Southern California (1985) with a J.D. in Law, and of The George Washington University (2002) with an LL.M. master of laws and MPH master of public health. His thesis at The George Washington University was entitled: “ERISA Group Health Plan Fiduciaries Must Emphasize Quality Medical Care.” He is also licensed to practice law in Illinois, Nevada and Washington DC, and is licensed as a CPA in Texas.
Mr. Weinstein began his career in employee benefits at the accounting firm of Arthur Andersen in Chicago (1985-1992). He was the plan administrator of a $50M+ annual self-funded health and welfare trust fund with more than 25,000 persons for the Clark County Education Association in Las Vegas, Nevada, where he turned a $5.2M deficit around into a $10M surplus (1992-2000). While attending graduate school in Washington, DC after 15 years as an employee benefits specialist practitioner, Mr. Weinstein served as a fellow at the Employee Benefit Research Institute (2001-2002). In 2002 Mr. Weinstein began as Chief Financial Officer of Anesti Pharmaceuticals, a start-up specialty pharmaceutical company that was formed to acquire and remarket neurological disorder prescription drugs.
In 2003 Mr. Weinstein began his current position as CEO of the Independent Colleges and Universities Benefits Association (ICUBA); the only licensed and regulated self-funded Multiple Employer Welfare Arrangement (MEWA) in Florida operating as a Voluntary Employees’ Beneficiary Association (VEBA). Under Mr. Weinstein’s leadership, ICUBA has grown by more than 70%, currently covering more than 13,000 people. Per employee per year annual premium increases have been less than seven percent for seven of the last eight open enrollments. Mr. Weinstein is currently working to make wellness improvements for the people covered by ICUBA and to increase the number of people ICUBA covers.
Last edited by pratikkk; April 25th, 2011 at 07:04 PM..