Money | The Weinstein Company Weinstein Co. in Trouble, Despite Success of Basterds Company needs more hits to pull itself out of debt By Kevin Spak Posted Sep 25, 2009 11:15 AM CDT Copied Ron Meyer, president and COO of Universal Studios, walks with Harvey Weinstein, right, to the annual Allen & Co.'s media conference Thursday, July 10, 2008, in Sun Valley, Idaho. (AP Photo/Douglas C. Pizac) Inglourious Basterds’ success has provided a stay of execution for Weinstein Co., but the firm needs several more blockbusters like it to stay afloat, sources tell the Wall Street Journal reports. The 4-year-old company hasn’t released as many films as it thought it would, but it’s burned through its $1.2 billion in startup funding. Barring a stream of big hits, the firm will need to raise $50 million in financing, the sources say. The company says it has enough resources to meet its obligations and release its slate of upcoming films, which includes promising properties like an adaptation of Cormac McCarthy’s The Road and one of the Broadway hit Nine. But it’s already failed to pay back a $75 million bridge loan, and it’s cutting 30 of its 120 employees. Read These Next Mom allegedly passed 31 hospitals on road trip as daughter was dying. Man was planning cremation for his sister, who turned out to be alive. One of the Slender Man attackers escaped her group home, briefly. 'Putin wants legal recognition to what he has stolen.' Report an error