The film production company part-owned by Harvey Weinstein, is exploring a sale or shutdown and is unlikely to continue as an independent entity.
(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. »
RELATED: Here are the women who have accused Weinstein of sexual assault:
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)
(Reporting by Ankur Banerjee and Piya Sinha Roy; editing by Clive McKeef)
