Feb 26, 2018
It looks like it’s the end of the road for The Weinstein Company, as attempts to find a new owner for the firm now look like they’ve failed. It released a statement late on Sunday saying that it would now file for bankruptcy, given that sale talks have failed.
In the text of the statement it says that “While we recognize that this is an extremely unfortunate outcome for our employees, our creditors and any victims, the board has no choice”.
The future of The Weinstein Company was thrown into serious doubt following te wave of allegations of sexual misconduct directed at its co-owner, Harvey Weinstein.
The bankruptcy filing is expected to be formalised later this week.