Weinsteins investing in Asian films

April 27, 2007 The fund, first reported Thursday by Bloomberg News, will be used to finance the production, acquisition and marketing of about 31 Asian films to be distributed by the Weinstein Co. over six years. With Goldman Sachs serving as the private placement agent, the fund is to be capitalized with $200 million of senior debt, $45 million of mezzanine debt and $40 million of equity, including a $15 million contribution from the Weinstein Co. and $25 million from third-party investors. Titles that the fund is expected to handle include Wong Kar Wai's "My Blueberry Nights," the opening-night film at the Festival de Cannes, and a remake of the Hong Kong martial arts movie "Come Drink With Me," directed by Quentin Tarantino.

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