Lantern Entertainment

Lantern Entertainment, LLC is an American independent film and television production company founded by Lantern Capital Partners on July 16, 2018. The studio was formed from the acquired assets of 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. On July 16, 2018, the Dallas-based equity firm Lantern Capital Partners bought the assets of TWC for $289 million. Lantern Entertainment was formed and assumed the rights to TWC's 277-film library. 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. 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 would absorb all of TWC and Lantern Entertainment's assets into the new company. 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.