There's only one way to be Hot Movies Archives100% certain you're not putting money in the pocket of Harvey Weinstein: Don't watch his movies.
This isn't a call for a boycott -- separating art from artist is an individual's choice -- but if you're inclined to avoid paying this man, you must steer clear of movies and TV shows produced by The Weinstein Co., its subsidiary Dimension Films, and anything he touched while at his old company Miramax before he left in 2005.
SEE ALSO: Here are all the women who have accused Harvey Weinstein of sexual abuse so farHarvey still maintains a 20% stake in The Weinstein Co. -- a portion that he can't be forced to relinquish
That means future movies (The Current War), recent releases (Tulip Fever, Lion, Carol) and -- though it pains me to say it -- a slew of Miramax classics, too (Pulp Fiction, theScream movies, Good Will Hunting... too many to name here).
That's just the cold truth of the way things stand today -- and may forever remain -- according to multiple entertainment attorneys, former Weinstein associates, current film executives and company reps I spoke with over the past week. None have direct knowledge of Weinstein's worldwide web of contracts, but all agree: He's still making money from at least some of these films, and quite possibly all of them.
Because of profit-participation deals.
"He's used some really major players in the braintrust as far as accountants and lawyers go," Peter Kaufman, an entertainment attorney in Los Angeles, told me this week. "So anything is possible. Anything to reduce his liabilities, increase his assets, anything is possible with that kind of brainpower."
It's certainly also possible that many of the films Weinstein produced, financed, edited and cajoled into existence over the past 30 years -- a time during which he was allegedly harassing, assaulting and raping women who now number in the dozens -- have no further financial ties to the fallen mogul, directly or indirectly.
The oldies in particular.
Miramax, founded by Weinstein and his brother Bob in 1979, was acquired by Disney in 1993, then changed hands twice (it now resides with Qatari company beIN Media Group). A Miramax rep told me that while Weinstein has absolutely no financial participation in the company, it could not be certain whether or not he was receiving "financial revenue from films that bear his name."
(The Weinstein Co. did not respond to a request for comment on this story.)
Even if Weinstein has some deeply buried pipeline to revenues from Pulp Fictionand other old Miramax titles, buying DVDs, renting or even streaming them on subscription services would probably mean pennies for Harvey Weinstein at best, or at very least infinitesimally increasing the value of his interest holdings. But add all those pennies up over multiple titles in hundreds of countries for dozens of years ... let's just say it can help keep the lights on. (Your already-owned '90s DVDs are looking better and better...)
On the other end of that spectrum, there's an excellent chance that a good chunk of your $10 ticket to next year's The Current War(the Benedict Cumberbatch film that Weinstein produced) or even Paddington 2 (which TWC-Dimension is distributing in the U.S.) has a pretty good chance of lining Harvey's pockets.
Even future films from The Weinstein Co. (or whatever they choose to rename it) films could enrich him in indirect ways.
It's true that Weinstein was fired last week from The Weinstein Co., the film production and distribution company the Weinsteins founded in 2005. And he "resigned" from the board of directors on Tuesday -- largely a formality at this point.
That means any salary he may have drawn is cut off, and any revenue participation he was entitled to as an officer are also terminable, Kaufman told me. But Harvey Weinstein still maintains a more than 20% stake in The Weinstein Co. -- a portion of the company that, short of legal intervention, he cannot be forced to relinquish.
And he's likely to have potentially hundreds of individual backend revenue deals that may have nothing to do with the company. These are deals that can be made privately, between private parties and private, third-party companies -- meaning we'll never know for certain what he's getting paid for every ticket sold, every DVD purchased, every film title streamed on Netflix, Hulu, or Amazon.
One thing that's a little more certain right now: As The Weinstein Co. goes, so goes Harvey's stake in it. He may be out as an employee, but if the company makes money or gains value as a whole, Harvey's shares gain value. That goes for Dimension Films, too, the side of The Weinstein Co. run by his younger brother Bob, who described them in an interview as "two separate companies."
That may be true operationally, but financially they're really more like two halves of a whole. And no amount of distancing Dimension from The Weinstein Co. side makes this any less complicated. After all, Bob Weinstein is now facing his own allegations of sexual harassment -- not to mention his own years-long reputation as ... eh, let's just say not a great guy.
Bob Weinstein is a liar. And literally the worst person I’ve known in my lifetime. https://t.co/xoOBlJzyNv
— Scott Derrickson (@scottderrickson) October 15, 2017
One way all of this may be cleared up someday: lawsuits. If The Weinstein Co.'s or Harvey Weinstein's books become part of a widespread legal effort or criminal investigation, it's possible that we'll get a direct line of sight into which titles are still making money for Harvey, and which one's aren't.
Until then, there are still those two basic ways he can be profiting: 1. By virtue of his ownership in The Weinstein Co. as a shareholder, and 2. As an individual contingent profit participant on movies that will forever bear his name.
"Short of legal intervention, going forward, he will probably continue to get revenues from one or both of those things," Kaufman said.
Which brings us back to the only way to be 100% sure you're not giving any more money to this man, if you're so inclined:
Don't watch his movies.
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