The Weinstein Company plans to file for bankruptcy
The Weinstein Company announced plans to file for bankruptcy Sunday evening after talks fell through for a potential sale. Producer and studio co-founder Harvey Weinstein was ousted from the company last October after numerous allegations of sexual harassment and assault from dozens of women who said his abuses had persisted for decades. The Weinstein Company has been struggling financially ever since those allegations came to light, particularly reports from The New York Times and the New Yorker.
The company tried to take out loans from private equity firm Colony Capital to shore up its finance, but those plans fell through, and Colony predicted the Weinstein Company would end up bankrupt. The company then sold its North American…
