Photo: Dave Kotinsky

JAY-Z Reportedly Part of Group Looking to Buy Harvey Weinstein’s Stake in TWC

According to TMZ, JAY-Z is part of a group—along with another famous film producer and another billionaire—who are looking to purchase Harvey Weinstein’s 23% stake in The Weinstein Company, the movie production company Weinstein founded in 2005 and commandeered to widespread Hollywood and Oscar success. Following a bombshell New York Times report that exposed several sexual assault allegations against Weinstein, he was fired from the company that bears his name.

The report is light on financial details, but such a big interest in a company like TWC won’t come cheap. The studio was estimated to be worth roughly $150 million just two years ago by Forbes, and they’re an Academy Award machine. If this news is accurate, Jay wouldn’t be coming into this cold. He signed a first-look production deal with TWC a year ago and has already seen success with the first fruits of that partnership, The Kalief Browder Story. The follow-up TV project, a Trayvon Martin series, is already in pre-production. It’s believed that Jay would like his bridge with TWC to remain unburned despite the Harvey scandal, and wanting in on the ownership side is a mere echo of the ownership values Jay peddled on his recent 4:44 album.

It’s been an acquisition-heavy period for Jay over the last couple of years, who’s spent that time expanding his and Roc Nation’s portfolio significantly. In late 2014, he purchased TIDAL, then a Swedish streaming company, and reconfigured it for a relaunch several months later. Last year, he purchased Armaund de Brignac, the parent company of the Ace of Spades champagne brand.

Put him anywhere on God’s green earth.

Related Posts


Jay Z Inks TV Production Deal With The Weinstein Co.


Jay Z Sidesteps Trump Question During Sundance Interview


Watch the Trailer For Jay Z’s Kalief Browder Documentary


JAY-Z and Beyoncé to Play Hurricane Benefit Concert in Brooklyn


Terry Crews Reveals He Was Sexually Assaulted by a Hollywood Executive


Latest News

lena-waithe TV

The First Trailer for ‘The Chi’ from Lena Waithe Arrives

After an Emmy win for ‘Master of None,’ the comedian gets dramatic for Showtime
drone News

The LAPD Probably Shouldn’t Be Allowed to Have Drones

Let’s be honest, their track record sucks
roger goodell addressing the media during the nfl's fall meetings, 2017 Sports

Commissioner Roger Goodell Says He’s Trying to Rid the NFL of All Protests

This man is dense
gucci-mane-wedding News

30 Unanswered Questions About Gucci Mane & Keyshia Ka’oir’s ‘Mane Event’ Wedding

Why tho?
young-dolph Music Video

Young Dolph Exits the Hospital in New “Believe Me” Video

First day out the beds
ezri Video

Stairwell Freestyle: Ezri

“Step up to the throne like, ‘Gimme, that’s ours.’”
Handiedan Art

Investigating Femininity, Handiedan Time Travels To ‘The Fourth Dimension’

Flush with thought, not peek-a-boo cuteness
hayward injury Sports

The New NBA Season is Already Insane

“Hayward came down so hard. Oh, Hayward broke his leg”
Rosati Crystallizations Music Video

PREMIERE: Rosati “Crystallizations” Video

Some Left Coast sh*t
dj-premier Video

Off The Record: DJ Premier Speaks on the Making of Nas’ “N.Y. State of Mind”

“As soon as I heard the piano, he was like, ‘Yo! Can you hook that up?’”
master-p Sports

Master P Wants To Team Up With Kaepernick And Start A League of Their Own

P’s Bout it Bout it—and he’s not the only one
Music Video

Method Man Smokes the Latest Wu-Tang Joint

“If Time Is Money/Hood Go Bang”
popeyes-fried-chicken News

Long Beach Restaurant Caught Selling Popeyes Fried Chicken As Their Own

“It’s the best chicken” —Sweet Dixie Kitchen Manager
Tom Taylor Features

Comics, TV and Plays for the Stage: Tom Taylor Pens Them All

Is there anything this guy can't write?
frontline Graffiti

The Oral History of FRONTLINE, Pioneers of the NYC Hard Core x Graffiti Scene

An excerpt from the book ‘Urban Styles: Graffiti in NYHC’
Kendrick Lamar says "FEAR." has his best bars. News

Kendrick Lamar Says Verses On “FEAR.” Are His Best Yet

Real spit