Former Miramax studio heads Harvey and Bob Weinstein expect to generate about $1.8 billion by 2010 from their new film production company, Weinstein Co., the New York Post reported on Friday, citing a Goldman Sachs prospectus that's being shopped prospective investors.
The confidential document suggests the two brothers, who sold Miramax to the Walt Disney Co. in 1993 and left Disney last month, plan at Weinstein Co. to release video games based on their films, exploit video-on-demand services and produce television shows.
The Weinstein Co. is using Goldman to try to raise about $1 billion in start-up funds. It forecast revenue of about $600 million by the end of 2006, its first full year of operations, the Post said.
The Weinsteins said in a regulatory filing this week that they so far have raised $230.5 million in equity for their new company.
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