Tuesday, March 1, 2011

'King's Speech' helps restore Weinsteins to film royalty

The low-budget British drama is Harvey and Bob Weinstein's first best picture winner since 2002. It also represents a big turnaround for their studio, which was on the verge of collapse not long ago.

Harvey Weinstein vowed he would return to the glory days atop the independent film business, and Sunday night he delivered on that promise.

After Weinstein Co. nearly shut down last year, the New York studio's low-cost British drama "The King's Speech" took top honors at this year's Academy Awards, the first best picture victory for the movie impresario since 2002.

As when "Shakespeare in Love" defeated "Saving Private Ryan" in 1999, Weinstein's movie prevailed over an early favorite from a big Hollywood studio, in this case Sony Pictures' film about Facebook, "The Social Network."

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