Harvey and Bob Weinstein’s flagship production company, The Weinstein Company, filed for bankruptcy protection on Monday. The company also announced it is releasing all of Harvey Weinstein’s alleged victims from any non-disclosure agreement they may have signed in the past.
Harvey Weinstein was removed as CEO of the company in October.
In the bankruptcy filing, The Weinstein Company, formerly called Miramax, said they already have a buyout offer from a private equity firm.
With everything we’ve learned about Harvey Weinstein and his brother’s knowledge of his proclivities and enabling him, it is more than fitting the Weinstein brothers face the consequences of their actions.
The movie and TV studio becomes the first high-profile company to be forced into bankruptcy in the nationwide outcry over workplace sexual misconduct. Dozens of prominent men in entertainment, media, finance, politics and other realms have seen their careers derailed, but no other company has seen its very survival as tightly intertwined with the fate of one man as the Weinstein Co.