TWC Running out of Money, Scream 4 in Trouble?

According to DeadlineHollywood TWC is in trouble... the kind of trouble that involves not enough dollar bills in the big metal safe in the floor. I have the same problem but ever since I started keeping pennies in my safe its always been full.  DeadlineHollywood reports that how well Halloween 2 did would dictate the future of the films they will release. Clearly H2 did not do all that well which has apparently but the company in trouble. A commenter on the blog posted the following;

Since last November, people in all departments have been quietly laid off throughout the year. Development/production has been whittled down to four people (in both TWC and Dimension). Harvey’s head of publicity walked out. The one editor at Weinstein books was just laid off as well. More people leaving at end of their contract this Fall. The list goes on company-wide. Anyone on the inside will tell you that since the layoffs began last November, the company has been gradually dismantling itself throughout 2009. T

he movies waiting to be released, probably with the exception of Nine and maybe Piranha 3D, are all garbage – The Road, Shanghai (which is particularly unreleasable), Hurricane Season, Youth in Revolt. And the development slate is in a state of inertia; likely they can’t even afford to renew the options they have. And even if they could, nobody wants to work with these guys anyway. Agents and talent often don’t even see TWC even as a last resort – it’s just not worth the trouble, and certainly not worth the pay cut. The positive Inglorious Basterds spin – completely shallow and disingenuous (it’s shocking how uninformed the media are about film industry economics, even though they claim to know what they are talking about) – can really only last so long.

The Weinstein's own the rights to Scream 4 and Piranha 3D but frankly I dont see how they can scrap Piranha 3D since its already underway. Although if deadline is right they may have no choice and another studio might snatch it up.

If DeadlineHollywood is right and the Weinsteins are running out of money it could mean that Scream 4 and the company itself could be history. Inglorious basterds has done well at theaters but its worth noting they shared the revenue 50/50 with Universal on that film.