Jump to content








Weinstein Co said to explore sale or shutdown, but company denies report


rooster59

Recommended Posts

Weinstein Co said to explore sale or shutdown, but company denies report

 

640x640 (5).jpg

Film producer Harvey Weinstein attends the 2016 amfAR New York Gala at Cipriani Wall Street in Manhattan, New York February 10, 2016. REUTERS/Andrew Kelly/File Photo

 

(Reuters) - The Weinstein Co, the film production company part-owned by Harvey Weinstein, is exploring a sale or shutdown and is unlikely to continue as an independent entity, The Wall Street Journal reported on Friday, but the company's co-chairman, Bob Weinstein, denied the report.

 

"Our banks, partners and shareholders are fully supportive of our company and it is untrue that the company or board is exploring a sale or shutdown of the company," co-chairman Bob Weinstein said in a statement. "Business is continuing as usual as the company moves ahead."

 

The New Yorker magazine reported on Tuesday that 13 women have claimed that movie producer Harvey Weinstein sexually harassed or assaulted them.

 

Last Sunday The Weinstein Co fired co-chairman Harvey Weinstein, following a report of sexual harassment allegations against the executive by the New York Times.

 

The board previously had been considering appointing co-chairman Bob Weinstein, Harvey Weinstein's brother, and President David Glasser to continue operating Weinstein Co with a new name, but that plan is no longer on the table, according to the WSJ report. (http://on.wsj.com/2wTQYtS)

 

 
reuters_logo.jpg
-- © Copyright Reuters 2017-10-14
Link to comment
Share on other sites


Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...