GIFT a SubscriptionGift
HamberMenu
  1. Cricket
  2. Data
  3. Health
  4. Opinion
  5. SEARCH Icon
  1. Cricket
  2. Data
  3. Health
  4. Opinion
  5. SEARCH Icon

To enjoy additional benefits

GIFT a SubscriptionGift
ShowcaseCrossword+

CONNECT WITH US

year
Click here for our in-depth coverage of Lok Sabha and Assembly elections #ElectionsWithTheHindu

Weinstein Co., mired in sex scandal, may be up for sale

Co-founder Harvey Weinstein was fired by the company last week following allegations of sexual harassment and assault. The allegations span decades.

October 16, 2017 07:38 pm | Updated 07:49 pm IST - NEW YORK:

AP
In this March 2, 2014 file photo, Harvey Weinstein arrives at the Oscars in Los Angeles. Disgraced movie mogul Harvey Weinstein's membership in the Academy of Motion Picture Arts and Sciences has been revoked by its board. The decision was reached on Saturday, in an emergency session. The move by the Academy is virtually unprecedented.

In this March 2, 2014 file photo, Harvey Weinstein arrives at the Oscars in Los Angeles. Disgraced movie mogul Harvey Weinstein's membership in the Academy of Motion Picture Arts and Sciences has been revoked by its board. The decision was reached on Saturday, in an emergency session. The move by the Academy is virtually unprecedented.

The Weinstein Co., mired in a sex scandal, may be putting itself up for sale.

The company said on Monday that it is getting an immediate cash infusion from Colony Capital and is in negotiations for the potential sale of all or a significant portion of the movie studio responsible for films like “Shakespeare in Love,” and “Gangs of New York.”

Co-founder Harvey Weinstein was fired by the company last week following allegations of sexual harassment and assault. The allegations span decades.

The fallout has been swift, with Weinstein issuing a lengthy and seemingly tone-deaf apology while losing various honors. The Academy of Motion Picture Arts and Sciences has revoked his membership.

Related Topics

USA / cinema industry

Top News Today

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.