Weinstein Co. to File for Bankruptcy as Deal Collapses
- Board says investor group gives ‘no viable option for a sale’
- Studio that sparked #MeToo movement says outcome unfortunate
Weinstein Co. Will File For Bankruptcy
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The global #MeToo movement that Harvey Weinstein unwittingly kicked off is now claiming the company he founded, the Weinstein Co.
The New York-based film studio will file for bankruptcy after failing to secure funding from investors, according to a copy of a letter provided by the company on Sunday. The demise of the 13-year-old studio follows accusations by dozens of actresses of decades of sexual misconduct at the hands of Weinstein, setting off a movement that saw a string of similar revelations of bad behavior by prominent men.