The Weinstein Brothers To Ramp Up Television Production
Posted on Mon Jan 24, 2011 11:00 AM PDT

TWC200.jpgLOS ANGELES, California (X17online) - Harvey and Bob Weinstein are planning on putting millions into creating more television content. The producing brothers, who have fifteen shows currently in development, will spend more than $10 million each year on the cause.

Weinstein Co. restructured their debt this past summer after a number of their movies performed poorly at the box office. The restructuring deal included the sale of a large portion of their movie library to Goldman Sachs Group.

Weinstein released the following statement, "We can't go back, but we can reboot, and that's what we're doing."

The company plans on having eight TV shows by the end of this year.