Bob Weinstein Denies Company’s Sale
Bob Weinstein has denied media reports that the film production company he and his brother Harvey co-founded could be closed or sold.
He said in a statement: “Our banks, partners and shareholders are fully supportive of our company.
“Business is continuing as usual.”
On October 8, the company fired Harvey Weinstein amid a slew of harassment allegations.
The claims have prompted police investigations in both the US and UK.
On October 13, the scandal surrounding Harvey Weinstein – who produced movies including Pulp Fiction, Shakespeare in Love and Crouching Tiger, Hidden Dragon – deepened when he was accused of rape by Rose McGowan.
The Hollywood producer was already facing claims of rape, assault, groping and harassment.
Image source Wikimedia
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Harvey Weinstein, who is believed to be in Europe seeking therapy, has insisted through a spokeswoman that any contacts he had were consensual.
According to recent reports, since the avalanche of claims began, the company has been trying to disassociate itself from its co-founder and save the business with efforts made to buy Harvey Weinstein out, rebrand and keep creative partners on board.
However, the Los Angeles Times said that financers had begun to pressure the company to sell and potential buyers were circling.
The Wall Street Journal also reported the company was “exploring a sale or shutdown” and was “unlikely to continue as an independent entity”.
The company is thought to be worth hundreds of millions of dollars but before the recent allegations had already faced questions about its future prospects amid increasing competition from media streaming services.
On October 13, Goldman Sachs said it was investigating options to sell the small stake it holds, citing the reported “inexcusable behavior”.