Word on the tony Greenwich, Conn., real estate street is that film producer Bob Weinstein has at long last sold his elegantly appointed Greenwich, Conn., mansion for $17 million, not too much more than the $16.4 million he paid for the aristocratic waterfront spread in 2000. The sale would not appear to be connected to his brother Harvey’s spectacular demise, as the august seaside spread has been on and off the market since 2013 when it first popped up for...
Weinstein presides over movies like the horror Scream, Scary Movie and Spy Kids franchises that are crafted for box office and not awards, after founding the genre-film unit now called TWC-Dimension in 1993. With the overall independent film business struggling economically today, Weinstein helps steer TWC to the booming TV program business including “Project Runway” on Lifetime. He shepherded the “Scream: The TV Series” on MTV and Stephen King’s “The Mist” for Spike TV.
To monetize assets, Weinstein came close to selling TWC’s TV program arm to UK broadcaster ITV in 2015 for a reported $950 million. Observers expect TWC to pursue initiatives to raise cash to appease reportedly restive shareholders.
Weinstein co-founded TWC in 2005 with his brother Harvey, gathering around 30 investors that include Goldman Sachs, WPP Group, TF1 Group and Technicolor. The two brothers reportedly own just under half.
Weinstein dropped out of State University of New York at Fredonia to join his brother in produce music concerts and moved to film in 1979 launching Miramax Films, which they eventually sold.