Weinsteins Get Their Debt Wiped!

6/24/2010 7:22 PM ET | Filed under: Film Flickers • Business Blitz

Well good for them!

The Weinstein Company has reached a full restructuring agreement in which insurance company Ambac will pay off $115 million of their debt to Goldman Sachs and Assured Guaranty.

They had to give up 200 of their 350 films to do so, but at least the debt is gone!

Just like that!

[Image via WENN.]

Tags: deal, goldman sachs, insurance company, movies, weinstein co.

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6 comments to “Weinsteins Get Their Debt Wiped!”

SweedishSweetheart says – reply to this

1

GOOD FOR THEM! MAYBE GAGA CAN GET HER DEBT WITH HER COKE DEALER WIPED TOO!! RA RA ROMA MA!! P.S. WHEN LADY GAGA FELL NOTHING HAPPENED. SHE DIDN'T BREAK HER NOSE IN 7 PLACES LIKE THE RUMORS ARE SAYING. IT'S HARD TO WALK ON 8 INCH HEELS THAT TAPER TO A POINT!
alemeh2 says – reply to this

2

Wow, is that how Jeweish people get their debt erased?
Too bad for me, I am muslim and thanks to Allah I do not have any debt.
Paris France says – reply to this

3

I'm sure it's a big relief. I know I would be relieved to have that kind of debt gone.
maxie pad says – reply to this

4

They had debt?
rim_me_Mario says – reply to this

5

Jews
Shelly in Puyallup!!! :-D says – reply to this

6

Is that WINE-STAIN or Weinstein?

Miley Cyrus Insists Alcohol Is 'Way More Dangerous' Than Weed! Shares Her New Priorities As An Adult & Artist!

Perhaps Amanda Bynes would have been better off giving Miley Cyrus her bong!

The We Can’t Stop singer interviewed with Rolling Stone magazine for their July 4th issue, and revealed her fairly liberal thoughts on drugs and alcohol.

Given her stoner reputation, we’re not totally surprised. Though, when asked to clarify her penchant for weed, she said:

"You can't ask someone that and expect them to say yes... I did a song with Snoop Dogg called 'Ashtrays and Heartbreaks,' so people can put it together for themselves."

That sounds fairly straightforward to us. Mileybird then went ahead to state that she thinks there are things much, much worse than a little bit of the green stuff:

"I think alcohol is way more dangerous than marijuana -- people can be mad at me for saying that, but I don't care... I've seen a lot of people spiral down with alcohol, but I've never seen that happen with weed."

She added:

"As long as it isn't illegal, there are far more dangerous things. And it's legal in the state of California. So I'm happy to live in California, a place where you can be whoever you want to be."

Well, Miley, marijuana isn’t exactly legal in California unless you have a prescription, so we’re not entirely sure what you mean. But, okay...

As for her transition from Disney teen idol to mature pop star, she said:

[Image via Bridow/WENN.]

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