Jay-Z Is Discussing Buying Harvey Weinstein's Interest In The Weinstein Company
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JJ_Evans
Members Posts: 1,910 ✭✭✭✭✭
http://www.tmz.com/2017/10/11/jay-z-harvey-weinstein-company-twc-buying-interest-share/
Jay-Z is talking with his team about buying Harvey Weinstein's interest in The Weinstein Company ... TMZ has learned.
Multiple sources connected to Jay tell us ... Jay, along with several other investors including a famous movie producer and a billionaire, are talking about purchasing Weinstein's 23% interest in the company.
Jay has had a working relationship with TWC and Harvey ... he has a deal in which he has produced a movie, "The Kalief Browder Story." He has also a Trayvon Martin miniseries slated for production. Jay has a first-look film deal with the company.
Our sources say Jay wants his relationship with the company to continue and grow, and since Harvey is out he's looking at acquiring a substantial equity stake in the company.
Comments
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Go get em!
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I hope they’ll go for it but.....Still ? ......
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big money
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"They" will never allow it. They like him where he's at just fine.
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Inb4 they play this clip on a loop for him at the meeting
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"They" will never allow it. They like him where he's at just fine.
he'll get 0.1% of the 23......enough for him to rap about and promote/branding, but not to really cake like the rest of the equity investors -
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Extremely big power play if he pulls it off.
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he must of forgot, "he's from marcy son, i guess ill remind yall." and he's black. smmfh
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Lmao how is it a power play when he has the capital to start his own production company?Extremely big power play if he pulls it off.
Not much power in buying into someone’s else’s business...unless he’s buying it out. 23% isn’t even a third.
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Rozetta5tone wrote: »
Considering that its a well known & powerful production company how is this not a big move? Like it couldn't lead to bigger things down the road. It's not like Jay could just have a big company like that from scratch right off the bat.
If it wasn't significant I doubt he'd be considering it. It's an investment.
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Rozetta5tone wrote: »
It's one of the more established companies in Hollywood. A 10% - 23% share would be amazing and it would expand his portfolio tremendously. -
It's always business nothing personal.
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I’d rather get my business news from a source specializing in business matters.
TMZ? Yeah ok.
Like homie said earlier about his stake in the Nets. He’s a token. His name will be used to overshadow the sexual harassment and his share will eventually be bought out once the smoke has cleared. And that’s if he’s able to purchase those shares. -
1% of 23%
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According to Google Jay Z net worth is way bigger than Harveys
NoChattyPatty -
Boss move
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Google and their celebrity net worth accuracy has been proven to be flawed to comedic levels.According to Google Jay Z net worth is way bigger than Harveys
NoChattyPatty
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From the little I know, movie business is complicated, but I just assume these companies borrow to produce these films and hope their share of box office and TV/netflix/hulu revenues can pay back that debt.
@Sion
Put us on game -
lol
It's a family company.
The Board of Directors........."fired"............him, but that doesn't mean he's selling his stake in the company. -
Rozetta5tone wrote: »
It's one of the more established companies in Hollywood. A 10% - 23% share would be amazing and it would expand his portfolio tremendously.
yeah but ? on a downfall its not just change harvey its the whole staff and workers assistants camera men personal all knew about it so idk how that would work plus who gonna wanna work with em even if they do change the name -
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Angeles1son85 wrote: »Rozetta5tone wrote: »
It's one of the more established companies in Hollywood. A 10% - 23% share would be amazing and it would expand his portfolio tremendously.
yeah but ? on a downfall its not just change harvey its the whole staff and workers assistants camera men personal all knew about it so idk how that would work plus who gonna wanna work with em even if they do change the name
That's ripe for opportunity... Buy when it's coming down, build value, sell high. -
"They" will never allow it. They like him where he's at just fine.
you african americans are pessimistic as ? , jesus... -
fortyacres wrote: »
I'm black but I'm not African American. Truth hurts though. LOL @ anybody thinking they will really have Jay-Z of all people get away with a reasonable stake in their shares. They won't even give Ice Cube that privilige and he's been knee deep in the movie biz for over 25 yrs.
