Sources tell THR that Weinstein's Board of Director's will meet December 11 in New York for a frank discussion of the company's future.It's the first get-together of the boats since the Weinsteins and Glasser instituted cost-cutting measures (including about 50 layoffs) and put together a new business plan for the veteran indie studio. As rumors of a possible sale of some or all of its assets continue to swirl, the board will discuss several key issues including the company's financial situation....and how to carve out individual TV assets if the entire division can't be unloaded for the right price (a rich deal with ITV fell apart earlier this year). Sources say the Project Runway franchise, in particular, has several bidders interested.
Project Runway has always been an asset of personal interest for Harvey Weinstein. His wife Georgina Chapman has been directly involved with Project Runway All Stars and he has used the franchise as a vehicle to get some of his screen stars extra publicity. It will be interesting to see how this plays out.
