Weinstein Co. Heading to Bankruptcy
CBJ — The company co-founded by disgraced movie mogul Harvey Weinstein in 2005 is heading for bankruptcy.
The Weinstein Co.’s board of directors made the decision after last-ditch talks to sell its assets fell apart.
Weinstein was fired last October after accusations surfaced of sexual assault and harassment by dozens of women.
The decision to file for bankruptcy came after the board was unable to revive a deal to sell the struggling studio for about $500 million US to an investor group.