You will be redirected back to your article in seconds

GNPR acquires 60% of Genius

New owner make take homevid unit private

Genius Products, the troubled homevideo distributor majority owned by the Weinstein Co., now has a new majority owner.

GNPR Investments, an affiliate of investment firm Quadrant Management, has acquired 60% of the company. TWC now owns 15% of the company and Genius retains 25% of the company.

The new ownership is part of a restructuring of the homevid distributor, which was delisted by the OTCBB on Dec. 24. The company has renegotiated its distribution terms with TWC.

The company will also renegotiate existing agreements with vendors and content partners. Company may go private.

Under the new ownership by Quadrant, three of the company’s directors appointed by TWC resigned and will be replaced with representatives from Quadrant.

TWC remains the biggest content partner for Genius, which also distributes discs from ESPN, Sesame Street, IFC and Animal Planet. The TWC deal will remain through 2010, with an option to extend until a year later.

Bob Weinstein said the new owners will allow him and his brother more time to concentrate on their movie slate.

“We look at this as an ongoing partnership and something that will grow in the future,” he said.

More Scene

  • Mr Chow 50th Anniversary celebration

    Mr. Chow 50th Anniversary Party Draws Stevie Wonder, Heidi Klum & More Stars

    Genius Products, the troubled homevideo distributor majority owned by the Weinstein Co., now has a new majority owner. GNPR Investments, an affiliate of investment firm Quadrant Management, has acquired 60% of the company. TWC now owns 15% of the company and Genius retains 25% of the company. The new ownership is part of a restructuring […]

  • Paley Center for Media presents They

    African-American Showrunners Talk Strides in TV Representation

    Genius Products, the troubled homevideo distributor majority owned by the Weinstein Co., now has a new majority owner. GNPR Investments, an affiliate of investment firm Quadrant Management, has acquired 60% of the company. TWC now owns 15% of the company and Genius retains 25% of the company. The new ownership is part of a restructuring […]

  • 'Annihilation' film premiere

    'Annihilation' Star Jennifer Jason Leigh Responds to Whitewashing Accusations

    Genius Products, the troubled homevideo distributor majority owned by the Weinstein Co., now has a new majority owner. GNPR Investments, an affiliate of investment firm Quadrant Management, has acquired 60% of the company. TWC now owns 15% of the company and Genius retains 25% of the company. The new ownership is part of a restructuring […]

  • Viola Davis Women in the World

    Viola Davis on #MeToo: 'If You're Dedicated to Change, Let It Cost You Something'

    Genius Products, the troubled homevideo distributor majority owned by the Weinstein Co., now has a new majority owner. GNPR Investments, an affiliate of investment firm Quadrant Management, has acquired 60% of the company. TWC now owns 15% of the company and Genius retains 25% of the company. The new ownership is part of a restructuring […]

  • LeBron James Stephen Curry All-Star Game

    NBA All-Star Weekend 2018: The Ultimate Party Guide

    Genius Products, the troubled homevideo distributor majority owned by the Weinstein Co., now has a new majority owner. GNPR Investments, an affiliate of investment firm Quadrant Management, has acquired 60% of the company. TWC now owns 15% of the company and Genius retains 25% of the company. The new ownership is part of a restructuring […]

More From Our Brands

Access exclusive content