Even before the bombshell allegations of sexual harassment against movie mogul Harvey Weinstein, the empire he created with his younger brother in a Midtown…
Even before the bombshell allegations of sexual harassment against movie mogul Harvey Weinstein, the empire he created with his younger brother in a Midtown apartment in 1979 was on shaky financial ground.
The Weinstein Company dodged bankruptcy in 2010 with a $450 million debt-restructuring deal that forced it to hand over the rights to 200 films in its archives to Goldman Sachs and Assured Guaranty Ltd.
“They were pretty much going bankrupt, but there was a lot of pressure to keep them afloat because they were seen as good for the city,” said a film producer who requested anonymity. “But they were not producing their own films. They were mainly a distribution company.”
