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Weinstein Brothers Re-Up for 3 Years at the Weinstein Co.

Bob and Harvey Weinstein have renewed their contracts as co-chief executives of the Weinstein Co. for three years.

The contracts had been set to expire on Dec. 31. Under the new deal for the brothers, approved by the company’s board of directors, the termination date is now equivalent to that of chief operating officer David Glasser.

The future of TWC had become uncertain during the summer, following Glasser’s announcement that he would leave the company. He reversed course on Sept. 9.

The Weinsteins launched their company in 2005 and won back-to-back Oscars for best picture in 2011 and 2012 with “The King’s Speech” and “The Artist.”

TWC has a serious awards contender in “Carol,” starring Cate Blanchett and Rooney Mara, which opens in the U.S. on Nov. 20. And it may have another with Quentin Tarantino’s Western “The Hateful Eight” opening on Christmas Day amid high expectations, given the robust performance of 2012’s “Django Unchained,” which grossed $425 million worldwide.

News about the contract renewal was unveiled during the American Film Market and was first reported by The New York Times.

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