Weinstein Co Hires Bankers to Sell Stake in TV Operation

Financial Times: The Weinstein Company has hired Moelis & Co, the advisory firm, to sell a strategic stake in its television business as demand for content increases from new players such as Netflix and Amazon. Co-chief Harvey Weinstein compared the growth potential to the early days of Miramax, the independent studio he founded with his brother that helped revolutionize independent film. “We have the ability to create something in the world of television that is as big as Miramax was in film,” he said.