The Weinstein Co. to Produce, Finance 'The Current War' (Exclusive)

Bob & Harvey Weinstein
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With cash in its coffers from the $427 million worldwide gross of "The King's Speech" and a $50 million credit line with Goldman Sachs that is part of its financial restructuring, TWC is on the hunt for ways to monetize advance contracts for movie sales around the world more efficiently.

Timur Bekmambetov, Steve Zaillian and Garrett Basch are producing the period drama about the Edison-Westinghouse feud, while a number of directors are circling, including Ben Stiller.

The Edison-Westinghouse feud film The Current War just got a jolt of electricity.

In what is being dubbed an aggressive progress-to-production deal, The Weinstein Co. is in negotiations to produce and finance the project, penned by playwright Michael Mitnick.

Timur Bekmambetov acquired the Black List script last year as a directing vehicle. He is no longer attached to direct but will produce via his Bazelevs banner alongside Film Rites' Steve Zaillian and Garrett Basch.

A number of directors are circling the material, including Ben Stiller.  

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The story takes place in the late-1880s and revolves around power titans Thomas Edison and George Westinghouse's battle over the supply of electricity. Edison championed direct current (DC) for electric power distribution over alternating current (AC), which was backed by several European companies and Westinghouse Electric.

Bazelevs had been funding development for the project, which was brought in to the company by Alan Khamoui.

Though The Weinstein Co.'s slate consists mostly of acquisitions, some 30 percent of the company's films are self-financed or co-financed, like the upcoming August: Osage County, Big Eyes (helmed by Tim Burton) and One Chance (directed by David Frankel). The Current War would join that group.

Twitter: @TatianaSiegel27