Weintraub Entertainment Group

Overview

type	Private corporation
fate	Bankruptcy
successors	Company: Columbia Pictures Library: Sony Pictures Paramount Pictures (through Melange Pictures) (television and online streaming rights excluding The Big Blue) StudioCanal (through Lumiere Pictures and Television) (Thorn EMI Screen Entertainment library only)
foundation	July 1, 1986
founder	Jerry Weintraub
defunct	September 30, 1990
key people	Jerry Weintraub, Chair/CEO Kenneth Kleinberg, president/COO Andrew Susskind, TV president‡R1R‡
industry	Motion picture
products	films
services	distribution
owner	The Coca-Cola Company US Tobacco Company Columbia Pictures (15%; 1987–1989) Warner Bros. (15%; 1989–1990)

Weintraub Entertainment Group (WEG) was a film production company considered to be a mini-major studio founded by Jerry Weintraub.

History

Weintraub Entertainment Group was formed on July 1, 1986 by Jerry Weintraub.[2] In February 1987, WEG received $461 million in financing from Columbia Pictures, Cineplex Odeon and others in the form of securities, bank loans and advances.[3] The Coca-Cola Company and US Tobacco Company were principal investors.[2] WEG also arranged a $145-million, 7-year credit line with the Bank of America. WEG also signed a 20-year distribution deal with Columbia and planned to release seven or eight movies per year.

Weintraub Entertainment Group

History

Production/release library

References