quisition ▁price ▁to ▁$ 2 8 7 ▁million . ▁In ▁July ▁ 2 0 1 8 , ▁several ▁actors , ▁direct ors , ▁produ cers ▁and ▁writers ▁protest ed ▁Lan tern ' s ▁ac quisition , ▁asking ▁a ▁U . S . ▁Bank rupt cy ▁Court ▁judge ▁not ▁to ▁appro ve ▁the ▁purchase ▁price ▁for ▁T W C ' s ▁assets ▁without ▁first ▁extract ing ▁a ▁guarantee ▁of ▁payment ▁to ▁the ▁credit ors ▁who ▁are ▁still ▁ow ed ▁money ▁by ▁the ▁studio . ▁ ▁On ▁July ▁ 1 6 , ▁ 2 0 1 8 , ▁T W C ' s ▁assets ▁were ▁sold ▁to ▁the ▁Dallas - based ▁equ ity ▁firm ▁Lan tern ▁Capital ▁Part ners ▁for ▁$ 2 8 9 ▁million . ▁A ▁newly ▁formed ▁studio , ▁Lan tern ▁Entertainment , ▁assumed ▁the ▁rights ▁to ▁T W C ' s ▁ 2 7 7 - film ▁library . ▁Co - pres idents ▁Andy ▁Mitchell ▁and ▁Mil os ▁Bra j ov ic ▁took ▁charge ▁of ▁a ▁company ▁that ▁dropped ▁to ▁ 5 0 ▁employees ▁from ▁ 1 7 0 ▁due ▁to ▁depart ures ▁and ▁lay offs . ▁A ▁tri o ▁of ▁film ▁exper ts ▁were ▁expected ▁to ▁help ▁the ▁co - pres idents ▁h ire ▁an ▁experienced ▁film ▁CE O . ▁ ▁As ▁of ▁July ▁ 1 1 , ▁ 2 0 1 8 , ▁Net fli x ▁terminated ▁its ▁output ▁contract ▁with ▁The ▁Wein stein ▁Company , ▁and ▁will ▁no ▁longer ▁accept ▁deliver ies ▁or ▁make ▁pay ments ▁to ▁the ▁studio