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We just ended up an uncharacteristically fine January, as some in fact hermetic movies have debuted in the typically-lackluster month. Chief in the middle of these is Paddington 2, a family-friendly sequel to a similarly family-friendly 2015 indigenous that has earned phenomenal reviews. Things have in the same way as sufficiently well well for Paddington 2 on the aficionada side of things past its January 12 release, but now it looks in the same way as the matter side is getting messy. Specifically, The Weinstein Company is now beast sued greater than the film's distribution rights.
According to the bank account on the situation, Entertainment One Films Canada claims that The Weinstein Company owes millions of dollars in the same way as the latter's decision to tug out of its Paddington 2 distribution deal. The deed alleges that The Weinstein Company promised to give Canadian distribution rights to the company, but after that opted to sell them to Warner Bros. instead.
There is a significant amount of allowance at stake in the suit. Per the THR bank account more or less the situation, Entertainment One Films Canada claims that The Weinstein Company has yet to pay it greater than $7.2 million for those distribution rights. As of right now, The Weinstein Company has not officially commented on the situation. And to think, all of this greater than an good bear in the same way as an affinity for marmalade sandwiches.
This deed arguably appears to be a black eye on an on the other hand agreed well-to-do forgiveness for Paddington 2. The family-friendly live-action/animation hybrid movie has earned stellar reviews on Rotten Tomatoes (it yet has a 100% rating several weeks after its initial debut) and the film has earned a agreed commendable (particularly by January standards) $193 million worldwide against a $50 million production budget.
This matter obviously isn't the isolated matter that has plagued The Weinstein Company in recent months. The company was already in the process of struggling financially in 2017, and after that it was rocked by the industry-shaking sexual belligerence allegations against Harvey Weinstein. We recently reported on the possibility that The Weinstein Company may be near to selling in order to prevent full-blown bankruptcy, and it looks in the same way as a rebrand (completely in the same way as a brand supplementary name) may be on the horizon as well.
CinemaBlend will bring you any and all relevant updates linked to this matter as supplementary details are made approachable to us. Until then, you can hop greater than to our combined 2018 movie premiere lead to look what else is set to debut on the big screen this year!
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