Lantern Entertainment#RADiUS
{{More citations needed|date=March 2022}}
{{Short description|American independent film studio}}
{{Use mdy dates|date=June 2018}}
{{Infobox company
| name = Lantern Entertainment, LLC
| logo = Lantern_Entertainment.svg
| type = Private
| founded = {{start date and age|July 16, 2018|df=yes}}
| founders = {{ubl|Andy Mitchell|Milos Brajovic}}
| hq_location_city = Dallas, Texas
| hq_location_country = United States
| industry = {{ubl|Film|Television}}
| products = Motion pictures
Television programs
| key_people = {{ubl|Andy Mitchell (co-president)|Milos Brajovic (co-president)}}
| divisions = {{ubl|Lantern Television|Spyglass Media Group (majority stake)}}{{cite news |last1=Lang |first1=Brent |title=Gary Barber Teams With Lantern Entertainment to Launch Spyglass Media Group |url=https://variety.com/2019/film/news/gary-barber-lantern-weinstein-company-mgm-1203162530/ |access-date=March 13, 2019 |work=Variety |date=March 13, 2019 |language=en}}
| predecessor = {{ubl|The Weinstein Company (2005–2018)|Dimension Films (library)}}
| successor =
| num_employees_year = 2018
| owner = Lantern Capital Partners
| website = {{official URL}}
}}
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 The Weinstein Company (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.{{Cite news|url=https://deadline.com/2018/07/lantern-entertainment-closes-289-million-acquisition-weinstein-co-s-assets-1202427141/|title=Lantern Entertainment Closes $289 Million Acquisition of The Weinstein Co.'s Assets|last=Chmielewski|first=Dawn C.|date=2018-07-16|work=Deadline|access-date=2018-10-20|language=en-US|archive-url=https://web.archive.org/web/20180724101524/https://deadline.com/2018/07/lantern-entertainment-closes-289-million-acquisition-weinstein-co-s-assets-1202427141/|archive-date=July 24, 2018|url-status=live|df=mdy-all}}
History
On July 16, 2018, the Dallas-based equity firm Lantern Capital Partners bought the assets of The Weinstein Company (TWC) for $289 million. Lantern Entertainment was formed and assumed the rights to TWC's 277-film library.{{Cite news|url=https://www.indiewire.com/2018/07/the-weinstein-company-bankruptcy-sale-lantern-entertainment-1201983272/|title=The Weinstein Company Is No More: Buyer Lantern Capital Partners Rebrands as Lantern Entertainment|last=Marotta|first=Jenna|date=2018-07-16|work=IndieWire|access-date=2018-07-17|language=en-US|archive-url=https://web.archive.org/web/20180718130756/https://www.indiewire.com/2018/07/the-weinstein-company-bankruptcy-sale-lantern-entertainment-1201983272/|archive-date=July 18, 2018|url-status=live|df=mdy-all}}{{Cite news|url=https://www.thewrap.com/weinstein-co-lantern-entertainment/|title=Lantern Finally Owns The Weinstein Company's Remains - Now What?|date=2018-07-23|work=TheWrap|access-date=2018-10-20|language=en-US|archive-url=https://web.archive.org/web/20180819184843/https://www.thewrap.com/weinstein-co-lantern-entertainment/|archive-date=August 19, 2018|url-status=live|df=mdy-all}} 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.{{cite web|url=https://variety.com/2018/biz/news/lantern-entertainment-pays-5-5-million-to-take-three-quentin-tarantino-films-1203027335/|title=Lantern Entertainment Pays $5.5 Million to Take Three Quentin Tarantino Films|last=Maddaus|first=Gene|date=November 13, 2018|work=Variety|access-date=May 21, 2019}}
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).{{Citation-needed|date=March 2022}}
On March 13, 2019, Lantern and Gary Barber relaunched Spyglass Media Group, which will host the former TWC library. 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.{{cite web | url=https://deadline.com/2019/03/lantern-entertainment-and-gary-barber-launch-spyglass-media-group-a-new-home-for-former-weinstein-co-assets-1202574918 | archive-url=https://web.archive.org/web/20190403215809/https://deadline.com/2019/03/lantern-entertainment-and-gary-barber-launch-spyglass-media-group-a-new-home-for-former-weinstein-co-assets-1202574918/ | url-status=dead | archive-date=April 3, 2019 | title=Lantern Entertainment and Gary Barber Launch Spyglass Media Group, A New Home for Former Weinstein Co. Assets | date=March 13, 2019 }} Lantern made a majority investment including its film library to Spyglass.
In July 2019, Spyglass settled two major claims, including $11 million for Viacom regarding the TV series Scream (whose last season was delayed until July 2019, three years after the second season finale) and the film Sin City: A Dame to Kill For (which Lantern did not acquire).{{Citation-needed|date=March 2022}} In March 2020, a federal judge ruled that Spyglass was not responsible for any of TWC's outgoing royalties, and it discontinued making movies and TV shows from now on and it was transferred into Spyglass Media Group and Lionsgate.{{Citation-needed|date=March 2022}}
Assets
= Current =
Motion pictures
- Spyglass Media Group (with Lionsgate Studios, Warner Bros. Pictures, Cineworld and Eagle Pictures){{Cite web |last=Group |first=Spyglass Media |title=SPYGLASS MEDIA GROUP LAUNCHES IN PARTNERSHIP WITH LANTERN ENTERTAINMENT AND GARY BARBER Eagle Pictures and Cineworld Group Invest As Strategic Partners |url=https://www.prweb.com/releases/SPYGLASS_MEDIA_GROUP_LAUNCHES_IN_PARTNERSHIP_WITH_LANTERN_ENTERTAINMENT_AND_GARY_BARBER_Eagle_Pictures_and_Cineworld_Group_Invest_As_Strategic_Partners/prweb16166360.htm |access-date=2024-06-18 |website=PRWeb |language=en}}{{Cite web |last=Williams |first=Trey |date=2019-03-13 |title=Lantern Entertainment Partners With Gary Barber to Launch Spyglass Media Group |url=https://www.thewrap.com/lantern-entertainment-partners-with-gary-barber-to-launch-spyglass-media-group/ |access-date=2024-06-18 |website=TheWrap |language=en-US}}
Television
- Lantern Television
= Content libraries =
- The Weinstein Company film library (also includes the post-2005 Dimension Films library; most of these were sold to Lionsgate through Spyglass Media Group){{Cite web |last=Chmielewski |first=Dawn C. |date=2018-07-16 |title=Lantern Entertainment Closes $289 Million Acquisition of The Weinstein Co.'s Assets |url=https://deadline.com/2018/07/lantern-entertainment-closes-289-million-acquisition-weinstein-co-s-assets-1202427141/ |access-date=2024-06-18 |website=Deadline |language=en-US}}
= Former =
- Radius – dormant; folded into Lantern Entertainment
- Dimension Films – defunct; now as an in-name-only unit subsidiary{{Cite web |last=Kilday |first=Gregg |date=2018-07-16 |title=Weinstein Co. Saga Comes to an End as $289 Million Sale to Lantern Closes |url=https://www.hollywoodreporter.com/movies/movie-news/weinstein-lantern-sale-closes-ending-chapter-movie-company-1126833/ |access-date=2024-06-18 |website=The Hollywood Reporter |language=en-US}}
Radius
{{Infobox company
| name = Radius
| former_names = Radius-TWC {{small|(2012–18)}}
| logo = Radius.svg
| logo_size = 199px
| type = Label
| founder = Tom Quinn
Jason Janego
| fate = Dormancy
| foundation = {{start date and age|2012}}
| defunct = {{start date and age|2018}}
| successors = Studio
NEON
Library:
Lionsgate (excluding Monsters: Dark Continent, owned by Metro-Goldwyn-Mayer)
| key_people =
| location_city =
| location_country =
| owner = The Weinstein Company (2012–2018)
Lantern Entertainment (2018)
| location =
| locations =
| industry = Film
| products = Motion pictures
| homepage =
}}
Radius (stylized as RADiUS; formerly Radius-TWC) is a dormant film label by Lantern Entertainment, formerly to TWC's division, for distribution of multi-platform video-on-demand and theatrical productions. It was launched in 2012 by Tom Quinn and Jason Janego, and specialized in niche and independent films rather than those aimed at mainstream audiences.{{cite news |url=https://variety.com/2015/film/news/radius-twc-tom-quinn-jason-janego-resign-1201557472/ |title=Tom Quinn and Jason Janego Exit Radius-TWC (EXCLUSIVE) |archive-url=https://web.archive.org/web/20180126012508/https://variety.com/2015/film/news/radius-twc-tom-quinn-jason-janego-resign-1201557472/ |archive-date=January 26, 2018 |url-status=live |work=Variety |author1=Ramin Setoodeh |author2=Brent Lang |date=August 5, 2015 }}{{cite book|author=Anne Zeiser|title=Transmedia Marketing: From Film and TV to Games and Digital Media|url=https://books.google.com/books?id=so_wCQAAQBAJ&pg=PA333|date=19 June 2015|publisher=CRC Press|isbn=978-1-134-74622-4|pages=333–|access-date=November 1, 2016|archive-url=https://web.archive.org/web/20170225212141/https://books.google.com/books?id=so_wCQAAQBAJ&pg=PA333|archive-date=February 25, 2017|url-status=live|df=mdy-all}}
{{As of|2018}}, Radius had released about 35 films,{{cite news |url=https://www.thewrap.com/it-follows-expands-as-radius-twc-bets-on-box-office-over-vod/ |title='It Follows' Expands as Radius-TWC Bets on Box Office Over VOD |archive-url=https://web.archive.org/web/20161223101131/http://www.thewrap.com/it-follows-expands-as-radius-twc-bets-on-box-office-over-vod/ |archive-date=December 23, 2016 |url-status=live |work=The Wrap |author=Todd Cunningham |date=March 19, 2015 }} including Bachelorette, Butter, 20 Feet from Stardom, Only God Forgives,{{cite book|author1=Jared Latore|author2=Clint Worthington|title=Alcohollywood - Our Year in Movies|url=https://books.google.com/books?id=grk1BgAAQBAJ&pg=PA87|date=January 2014|publisher=Lulu.com|isbn=978-1-304-73128-9|pages=87–|access-date=November 1, 2016|archive-url=https://web.archive.org/web/20170225205543/https://books.google.com/books?id=grk1BgAAQBAJ&pg=PA87|archive-date=February 25, 2017|url-status=live|df=mdy-all}} Lovelace, All the Boys Love Mandy Lane, Man of Tai Chi, Fed Up, Snowpiercer,{{cite news |url=https://variety.com/2015/film/news/the-overnight-crosses-1-million-in-digital-on-demand-revenue-exclusive-1201609664/ |title='The Overnight' Crosses $1 Million in Digital, On-Demand Revenue (EXCLUSIVE) |archive-url=https://web.archive.org/web/20180126012457/https://variety.com/2015/film/news/the-overnight-crosses-1-million-in-digital-on-demand-revenue-exclusive-1201609664/ |archive-date=January 26, 2018 |url-status=live |work=Variety |date=October 4, 2015 |author=Brent Lang }} Citizenfour, Horns, The Last Five Years, and It Follows.{{cite news |url=https://variety.com/2015/film/news/it-follows-box-office-radius-twc-highest-grossing-release-162208/ |title='It Follows' on Track to Be Radius-TWC's Highest-Grossing Release |work=Variety |date=March 29, 2015 |author=Brent Lang }}
In August 2015, both Quinn and Janego left the company,{{Cite web |last1=Lang |first1=Ramin Setoodeh,Brent |last2=Setoodeh |first2=Ramin |last3=Lang |first3=Brent |date=2015-08-05 |title=Tom Quinn and Jason Janego Exit Radius-TWC (EXCLUSIVE) |url=https://variety.com/2015/film/news/radius-twc-tom-quinn-jason-janego-resign-1201557472/ |access-date=2023-11-22 |website=Variety |language=en-US}} with Quinn later founding NEON with Tim League in 2017. NEON is set to produce a sequel to It Follows, a film originally distributed by Radius. Filming would begin in 2024.{{Cite web |last=D'Alessandro |first=Anthony |date=2023-10-30 |title='It Follows' Sequel 'They Follow' With Maika Monroe Launches At AFM Via Neon |url=https://deadline.com/2023/10/it-follows-sequel-they-follow-maika-monroe-1235587429/ |access-date=2023-10-30 |website=Deadline |language=en-US}}
Filmography
= Feature films =
= Television series =
| class="wikitable"
! Show ! Network ! Years |
| Project Runway
| 2018–present |
| Scream
| VH1 | 2019 |
References
{{Reflist}}