Joe Balice Quoted in TheWrap on Possible Weinstein Co. Bankruptcy
Joe Balice was recently quoted in Matt Donnelly’s TheWrap article “Weinstein Company Faces ‘Instant Bankruptcy’ if Current Bidder Withdraws,” which discusses the implications of the New York Attorney General’s lawsuit against The Weinstein Company on the company’s sale. Joe talks about the complications of bringing existing legal issues into the political sphere, and possible routes for TWC in the event of a lost bid.
“Bankruptcy depends on what revenue streams they have that can be liquidated. Some buyers might be more interested in those assets, especially at bankruptcy prices,” Joe explains.