Shareholders, Banks, Partners of The Weinstein Company Loyalty Questioned
- Things look painful and grim for the Brothers Weinstein.
Friday, it was reported that The Weinstein Co aka TWC, the film production company part-owned by Harvey Weinstein, is exploring a sale or shutdown and is unlikely to continue as an independent entity, but the company’s co-Chairman and co-Founder, 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,” Bob Weinstein said in a statement.
“Business is continuing as usual as the company moves ahead.”
The New Yorker magazine reported last Tuesday that 13 women have claimed that movie producer Harvey Weinstein sexually harassed or assaulted them. Now many, many more have come out with sexual assult claims
Last Sunday The Weinstein Co sacked co-Chairman Harvey Weinstein, following a report of sexual harassment allegations against the executive by the NY-T’s.
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.
We wait, We see…things look painful and grim for the Brothers Weinstein.
Have a terrific weekend.