Skip to main content

Bob and Harvey Weinstein Get Socialized

The Weinstein Company, the film studio and entertainment company formed by Miramax founders Bob and Harvey Weinstein, announced that it has made a 'significant' investment in aSmallWorld.net, an exclusive social networking site made up of "some of the most unique and influential people" from over 100 countries.

The undisclosed investment also included contributions from former AOL Time Warner chief operating officer Bob Pittman and others. Founded in 2004, aSmallWorld.net currently claims 130,000 members.

Features include a city guide generated by its members, offering ratings and rankings for restaurants, hotels, resorts and night clubs in 60 major cities. "Our target audience is the '3 million people connected 3 degrees,' an existing community of people that are accomplished, well-educated, highly mobile, influential, and have a strong need to stay connected," said aSmallWorld.net founder Erik Wachtmeister.

Harvey Weinstein stated, "We've been fascinated by the extraordinary popularity and influence that online social networks are having on consumers all over the world and believe that aSmallWorld, as the leading provider in its market, is uniquely positioned to take advantage of this growing trend. We are excited to add this latest form of media to our company's portfolio and look forward to working with Erik as we take the company to its next level."

Popular posts from this blog

Banking as a Service Gains New Momentum

The BaaS model has been adopted across a wide range of industries due to its ability to streamline financial processes for non-banks and foster innovation. BaaS has several industry-specific use cases, where it creates new revenue streams. Banking as a Service (BaaS) is rapidly emerging as a growth market, allowing non-bank businesses to integrate banking services into their core products and online platforms. As defined by Juniper Research, BaaS is "the delivery and integration of digital banking services by licensed banks, directly into the products of non-banking businesses, commonly through the use of APIs." BaaS Market Development The core idea is that licensed banks can rent out their regulated financial infrastructure through Application Programming Interfaces (APIs) to third-party Fintechs and other interested companies. This enables those organizations to offer banking capabilities like payment processing, account management, and debit or credit card issuance without