Missed out on what happened last week? We've got you covered.
A GROUP OF WOMEN JUST PURCHASED THE WEINSTEIN COMPANY
This past Thursday, a group of women investors made the bold decision to purchase the Weinstein company for 500 million dollars. Since the Harvey Weinstein sexual harassment scandal, the company itself has crashed and burned financially. This empowering group is being led by Maria Contreras-Sweet, the former head of the U.S. Small Business Administration for the Obama Administration. Along with being the leader of this group, she also plans to be the head of the new board of directors. This new board will consist of mostly women, and it was stated that the new board would consist of "...a new vision that embodies the principles that we have stood by since we began this process last fall."
The company will be vastly different from the Weinstein company in more ways than one. While many believe this is a way for the company to cover up Weinstein’s wrongdoings, Contreras-Sweet has made a point to say that the goal of the company is “to build a movie studio led by a board of directors made up of a majority of independent women, save about 150 jobs, protect the small businesses who are owed money and create a victims’ compensation fund that would supplement existing insurance coverage for those who have been harmed.” One of the most critical aspects of the company is the victims’ compensation fund where victims will, in fact, be compensated for the pain they’ve endured as a result of Harvey Weinstein. Also, the new company will also create new and improved HR policies to protect employees, and give consequences to those that break these policies. We can only anticipate positive things to come from all of these new progressive changes as well as some different films that we may not be used to seeing from the Weinstein Company.
MAKING HISTORY AT THE OSCARS
The 2018 Oscars aired Sunday night and it was a night of firsts. The host of the Oscars this year, Jimmy Kimmel made a point to state all of the ways the nominated actors and actresses were making history. There were so many fantastic films this year that stood out, as well as those that touched upon specific issues that we are currently dealing with in our country. The film The Shape of Water became the second movie in history to have a woman screenwriter win Best Picture since World War II. Until this year, no woman had ever been nominated or even considered for cinematography, and Rachel Morrison has become the first. The second mark in history was that Jordan Peele became the first Black winner for Original Screenplay. Along with this, Peele was nominated for not just directing, but producing and writing as well. He is the first Black director in the industry to be nominated for all three in the same year, and his film Get Out was nominated in all three categories. In addition, the director of Mudbound; Dee Rees was the first Black woman to be nominated for Best Adapted Screenplay.
The older nominees made their mark at the Oscars this year when 89 years-old James Ivory won the award for Best Adapted Screenplay for the movie Call Me By Your Name and became the oldest Oscar winner in history. After replacing Kevin Spacey in the film “All the Money in the World,” Christopher Plummer was nominated for Best Supporting Actor at the age of 88. This makes him the oldest actor ever nominated. Daniela Vega became the first openly transgender woman to present at the Academy Awards. Although she was not nominated, she did, in fact, make history. As you can see this year's awards were just the beginning of the changes and diversity that is becoming more and more prominent in Hollywood.
By Rachel Simon