The Weinstein Company's chief admitted that Third Rail Releasing only put Catherine Zeta-Jones's Death Defying Acts out in two US cinemas because he did not think it had any box office potential.
"We should have had Third Rail two years ago because it's a good way of differentiating between what we really believe in and what has been for ancillary value," he told The Hollywood Reporter.
Weinstein, who formerly ran Miramax, has often come under fire for his treatment of certain movies. He was roundly criticised for buying the rights to acclaimed Asian films Shaolin Soccer and Hero, and continuously shelving their release dates.
The Weinstein Company is involved in financing Quentin Tarantino's Inglorious Bastards and musical adaptation Nine.