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The Weinstein Company


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”.


Weinstein brothers, Bob and Harvey, are suing Warner Bros over its decision to divide The Hobbit into three films, which will mean they receive no payment from the second and third installments.

Miramax, founded by Weinstein brothers, sold its rights to The Hobbit to New Line, part of the Warner group, in 1998.

New Line agreed to make payments for the “first motion picture” only.

Bob and Harvey Weinstein claim the studio adapted the book into three films “solely to deprive plaintiffs” of agreed revenue.

Weinstein brothers are suing Warner Bros over its decision to divide The Hobbit into three films

Weinstein brothers are suing Warner Bros over its decision to divide The Hobbit into three films

“This case is about greed and ingratitude,” said the Weinsteins and Miramax, in a complaint filed on Tuesday in New York State Supreme Court.

The film producers are suing Time Warner Inc for at least $75 million, alleging Warner Bros’ decision to create a trilogy of films from JRR Tolkien’s standalone novel was a pretext to deprive them of 5% of the gross receipts from the last two films.

A spokesman for Warner Bros accused the Weinsteins of “one of the great blunders in movie history”.

“Fifteen years ago Miramax, run by the Weinstein brothers, sold its rights in The Hobbit to New Line. No amount of trying to rewrite history can change that fact,” said Paul McGuire.

“They agreed to be paid only on the first motion picture based on The Hobbit. And that’s all they’re owed.”

The second instalment of The Hobbit – The Desolation of Smaug, directed by Lord of the Rings director Peter Jackson, is due to be released worldwide on Friday.

The first film, The Hobbit: An Unexpected Journey, was released in 2012 and grossed more than $1 billion.