- year ▁distribution ▁p act ▁with ▁M GM ▁three ▁months ▁before ▁the ▁December ▁ 3 1 ▁end ▁date . ▁This ▁happened ▁in ▁part ▁because ▁T W C ▁had ▁struck ▁a ▁television ▁output ▁deal ▁with ▁Show time , ▁though ▁not ▁through ▁M GM ' s ▁output ▁deal ▁with ▁them . ▁During ▁the ▁span ▁of ▁their ▁p act , ▁T W C ▁paid ▁for ▁market ing ▁and ▁prints , ▁while ▁M GM ▁received ▁a ▁distribution ▁fee ▁for ▁book ing ▁the at res . ▁ ▁Fin an cial ▁rest ruct uring ▁In ▁June ▁ 2 0 0 9 , ▁the ▁Wein stein ▁Company ▁announced ▁the ▁h iring ▁of ▁a ▁financial ▁advis er ▁to ▁rest ruct ure ▁the ▁fin ances ▁of ▁the ▁company . ▁Since ▁July ▁ 2 0 0 9 , ▁many ▁lay offs ▁occurred ▁at ▁T W C , ▁and ▁the ▁release ▁dates ▁of ▁some ▁films ▁were ▁pushed ▁back . ▁On ▁September ▁ 1 4 , ▁ 2 0 0 9 , ▁T W C ▁sold ▁its ▁st ake ▁in ▁Gen ius ▁Product s , ▁which ▁served ▁as ▁T W C ' s ▁home ▁video ▁distrib utor ▁from ▁ 2 0 0 6 ▁to ▁ 2 0 0 9 . ▁Gen ius ▁however , ▁had ▁announced ▁to ▁exit ▁the ▁home ▁video ▁distribution ▁business ▁and ▁the ▁DVD ▁rights ▁that ▁were ▁distributed ▁by ▁Gen ius ▁were ▁sold ▁to ▁Viv endi ▁Entertainment . ▁T W C ▁also ▁struck ▁a ▁deal ▁with ▁Viv endi . ▁The ▁same ▁year , ▁it ▁won ▁a ▁Pe ab ody ▁Award ▁for ▁The ▁No