The Weinstein Company has created a film production fund with Russian billionaire Len Blavatnik to make movies budgeted between $5 million and $20 million, TheWrap has learned.
After emerging from a perilous financial situation this summer, Harvey Weinstein continues to prove that he has multiple lives.
The new fund — created among Blavatnik’s Access Industries, his newly purchased Icon UK Group and the Weinstein Company — will be a rolling credit facility that could support up to $100 million over the next two years.
Blavatnik, a Moscow-born businessman who lives between the U.S. and London, is ranked by Forbes among the world’s top 100 billionaires, with an estimated fortune of $7.5