Weinstein Co will declare bankruptcy after sale collapses

Agencies
February 26, 2018

Los Angeles, Feb 26: Weinstein Co, the studio co-founded by Harvey Weinstein, will file for bankruptcy protection following the USD 500 million deal to sell the company collapsed, the company's board of directors said.

The decision came after the board was unable to revive a deal to sell the struggling studio to an investor group led by Maria Contreras-Sweet, who ran the Small Business Administration under President Barack Obama from 2014 to 2017, reported Variety.

The board of the company released a letter, in which it made clear that it was in dire need of operating cash. "Based on the events of the past week, however, we must conclude that your plan to buy this company was illusory and would only leave this Company hobbling toward its demise to the detriment of all constituents.

Despite your previous statements, it is simply impossible to avoid the conclusion that you have no intention to sign an agreement much less to close one and no desire to save valuable assets and jobs," the letter stated.

The sale was close to being announced exactly two weeks ago, when New York Attorney General Eric Schneiderman stepped in and filed a suit accusing the company of enabling Weinstein's sexual abuses. The lawsuit scrambled the deal, creating the possibility of an outside monitor or other intrusive provisions.

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Agencies
August 3,2020

Patna, Aug 3: Bihar DGP Gupteshwar Pandey on Sunday charged that Vinay Tiwari, the IPS officer from Patna who is in Mumbai to probe a case related to Bollywood actor Sushant Singh Rajput's death, has been "forcibly quarantined" by civic authorities in the metropolis.

Tiwari is heading a Bihar Police team which is in Mumbai to investigate an ''abetment to suicide'' case on the basis of a complaint filed by the late actor's father in Patna.

"IPS officer Vinay Tiwari reached Mumbai today from Patna on official duty to lead the police team there but he has been forcibly quarantined by BMC officials at 11 PM today," Bihar Director General of Police (DGP) Pandey tweeted.

"He was not provided accommodation in the IPS mess, despite request, and was staying in a Guest House in Goregaon," he said.

Sushant's sister Shweta Singh Kirti has tweeted, " What? Is this even for real? How can an officer sent on duty be quarantined for 14 Days?".

Rajput, 34, was found hanging from the ceiling of his Bandra residence on June 24 last.

Last month, Rajput's father lodged an FIR here of abetment to suicide naming actress Rhea Chakraborty, said to be close to the deceased Patna-born actor, and her family members as accused. Tiwari was posted as the City SP (East) in Patna.

The Mumbai Police, which is also probing the death case, have so far recorded statements of nearly 40 people, including those from Rajput's family, his cook and people from the film industry that include filmmaker Mahesh Bhatt, film critic Rajeev Masand, director-producer Sanjay Leela Bhansali and filmmaker Aditya Chopra.

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News Network
April 2,2020

New Delhi, Apr 2: Singer-songwriter Justin Bieber on Thursday announced that he is postponing all of his scheduled 2020 concerts for his 'Changes Tour' due to the global outbreak of coronavirus.

The singer took to Instagram and posted a statement on the platform to make an announcement in the regard.

"In light of the current public health crisis. And with the deepest concern for all those being affected. Justin Bieber will be postponing all currently scheduled 2020 dates for the changes tour," read a statement.

"While Justin -along with his band. Dancers and crew - has been hard at work preparing an amazing show. He has always put the health and well-being of his fans first and foremost," the statement further read.

The statement also said that the 'Cold Water' singer, "is anxiously awaiting the opportunity to get back out on the road and perform in a space that is safe for everyone."
Bieber asked all his fans to hold on to their tickets as the dates of the tour will soon be rescheduled.

According to the World Health Organisation, COVID-19 has affected over 8,27,419 people globally and has spread to almost 206 countries.

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News Network
June 16,2020

Mumbai, Jun 16: Filmmaker Dibakar Banerjee remembers Sushant Singh Rajput as a dance loving 'chhokra' from an engineering college who, having made it in Bollywood, was “enthused, sincere and totally focused” on his craft.

Banerjeee said the actor always had “a book or two” with him and took pride in the fact that he had an “inner intellectual life away from the shallower aspects of showbiz”.

Rajput was found dead in his Bandra apartment on Sunday at the age of 34, leaving his friends, colleagues and collaborators in a state of shock.

The Patna-born actor and the director worked together in 2015 film "Detective Byomkesh Bakshy!" when Rajput was a relative newcomer in the industry. Banerjee says it was Rajput's vulnerability and willingness to do different that made him stand out for the role.

In an interview with news agency, the filmmaker looks back at Rajput's sincerity, his love for science and astronomy and how an outsider has to work harder than a "mediocre, unmotivated and entitled establishment elite" to succeed in Bollywood.

Excerpts:

You worked with Sushant when he was less than two-year-old in the film industry. What struck you the most in him to cast as Detective Byomkesh Bakshy?

Banerjee: His vulnerability and intensity and the ambition to do different things than the usual Bollywood stuff.

What were your memories of Sushant- the actor and the person?

Banerjee: As an actor he would tense himself up for the scene and then completely plunge in take after take. He would put a lot of value on preparation. He would be up the previous night of the shoot, reading the scene and making notes and land up on the sets all raring to go.

He would be on, ready and give his hundred per cent throughout the shoot of Byomkesh - no matter how hard or long the day. The unit did not really have to worry about him - considering he was the star. That's what I remember - a total pro, enthused, sincere and totally focused.

As a person, he seemed to me a happy dance loving 'chhokra' from an engineering college who had made it in showbiz and now was serious about acting. He was deeply nostalgic about his carefree student days in Delhi. We used to laugh a lot - I remember that quite clearly.

Sushant's friends say that he spoke more about books and his love for astronomy than films and their fate, which is rare for an actor in the industry. Do you also remember him that way?

Banerjee: Totally true. He was a science and astronomy nut. Always had a book or two with him - and was proud of the fact that he had an inner intellectual life away from the shallower aspects of showbiz. I recognized it as a reflex, protective action to prevent the Bollywood swamp sucking him in totally. And also an identity he wanted to protect and project.

Sushant's death has brought to the fore the struggles of outsiders and the alienation they often face from the nepotistic culture of the industry. Did you feel that Sushant was also fighting this battle despite being a successful actor?

Banerjee: We all fight it, day in and out - whether successful or failing. But the trick is to define that success and failure ourselves and not let the narrative constantly forced by the establishment to get to you. Those who know this weather the storm and ultimately survive and thrive.

The biggest unfairness in all this is that it takes double the talent, energy and hard work for an outsider to convince the audience and the industry that he or she is as safe a box office bet as a mediocre, unmotivated and entitled establishment elite.

The media colludes in this by wallowing in family, coterie and celebrity worship. This leads to deep anger and frustration. Those who can let this slide survive. Those who can't - those who hurt a little more or are vulnerable and impressionable - they are at risk.

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