▁retain ▁the ▁Dim ension ▁Films ▁label . ▁All ▁the ▁interested ▁parties ▁had ▁to ▁submit ▁their ▁first - round ▁b ids ▁by ▁December ▁ 2 0 , ▁ 2 0 1 7 . ▁On ▁January ▁ 4 , ▁ 2 0 1 8 , ▁The ▁Wein stein ▁Company ▁narrow ed ▁its ▁b ids ▁down ▁to ▁six ▁parties , ▁with ▁a ▁sales ▁price ▁of ▁below ▁$ 5 0 0 ▁million . ▁The ▁studio ' s ▁own ers ▁will ▁not ▁receive ▁any ▁c ash ▁from ▁the ▁sale . ▁ ▁As ▁of ▁November ▁ 8 , ▁ 2 0 1 7 , ▁The ▁Wein stein ▁Company ▁had ▁a ▁deb t ▁load ▁of ▁$ 5 2 0 ▁million , ▁including ▁$ 2 2 0 ▁million ▁from ▁its ▁film ▁and ▁TV ▁credit ▁facilities , ▁$ 1 5 0 ▁million ▁from ▁production ▁lo ans , ▁$ 5 0 ▁million ▁in ▁corpor ate ▁deb t ▁and ▁$ 1 0 0 ▁million ▁ow ed ▁to ▁perform ers . ▁The ▁studio ▁expected ▁to ▁find ▁a ▁bu yer ▁without ▁declaring ▁for ▁Chapter ▁ 1 1 ▁bank rupt cy , ▁against ▁the ▁expect ations ▁of ▁most ▁of ▁the ▁interested ▁parties . ▁After ▁it ▁appeared ▁that ▁tal ks ▁col lapsed , ▁the ▁company ▁announced ▁it ▁would ▁file ▁for ▁bank rupt cy . ▁However , ▁after ▁continued ▁negoti ations ▁in ▁which ▁New ▁York ▁Att orney ▁General ▁Eric ▁Schne id erman ▁played ▁a ▁role , ▁the ▁T W C ▁board ▁reached ▁a ▁deal ▁in ▁which ▁T W C ▁will ▁sell ▁all ▁of ▁its ▁assets ▁for ▁$ 5 0