Weinsteins Can Collect ‘Scream 4' Profits as Part of Asset Sale

Harvey Weinstein and his brother Robert are entitled to collect up to $2.3 million in profits from “Scream 4" after a bankruptcy judge found that their studio’s agreement to sell its film library to Spyglass Media Group LLC lets them retain their rights to the money.

The Weinstein Co. sold its assets to Spyglass in 2018 free and clear of liens, except for a certain subset. The Weinsteins’ “participation rights,” entitling them to collect the profits once the 2011 slasher movie reached a “cash break even” point, is among those liens that remained in place, Judge Mary F. Walrath of ...